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Osinbajo Never Recommended Increase In Fuel Price To ₦302 Per Litre – Spokesman

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The office of the Vice President, Professor Yemi Osinbajo has debunked a trending story claiming the National Economic Council (NEC) led by the Vice President has recommended ₦302/litre as the new price of petrol in Nigeria.

Speaking on the matter, the spokesperson for the Vice President, Mr. Laolu Akande stated on Wednesday that at no time did his principal or NEC make such a resolution or recommendation to the federal government.

He added that discussions are still ongoing on the issue of fuel subsidy removal in the country and the claim in the viral report should be disregarded by Nigerians.

He wrote on Twitter: “While there are indeed ongoing discussions on the issue of fuel subsidy, at no time has NEC made any such resolution as this report claims. Public discourse can be better served by seeking further clarification from relevant quarters on matters of such importance.”

Naija News recalls earlier reports had claimed the National Economic Council, NEC, has recommended to the Federal Government an increase in the pump price of fuel.

The report claimed the chairman of the council, Vice President Yemi Osinbajo, made the recommendation in November 2021.

It said that it is part of the plan of the Federal Government to deregulate the prices of Premium Motor Spirit (PMS) and eliminate monthly subsidy payments with provisions to ensure fair competition in the market.

A further report disclosed that the recommendations were made by NEC ad-hoc committee interfacing with the Nigerian National Petroleum Corporation (NNPC) on the appropriate pricing of PMS in Nigeria.

The report was said to have been presented by Governor Nasir El-Rufai of Kaduna State.

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