NewStats: 3,261,631 , 8,174,566 topics. Date: Thursday, 29 May 2025 at 08:37 PM 1v5119

No Need to Panic Over Removal of PMS Subsidy says NMDPRA

NEWS RELEASE

No Need to Panic Over Removal of PMS Subsidy says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) wishes to address concerns regarding the announcement of the removal of subsidy on Motor Spirit (PMS) by President Bola Ahmed Tinubu.

Contrary to speculations and concerns, the announcement is in line with the Petroleum Industry Act (2021) which provides for total deregulation of the petroleum downstream sector to drive investment and growth.

We are working closely with NNPC Limited and other key stakeholders to guarantee a smooth transition, avoid any disruptions in supply as well as ensure that consumers are not short-changed in any form.

The Authority assures that there is ample supply of PMS to meet demand as we have taken necessary steps to ensure distribution channels remain uninterrupted and fuel is readily available at all filling stations across the country.

We therefore call on Nigerians to remain calm and resist the urge to stockpile as it poses significant safety hazard.

The NMDPRA reassures all Nigerians that the removal of subsidy on PMS is a step towards building a more sustainable and prosperous future for our nation. We will continue to monitor activities and implement necessary measures to enhance transparency and ability in the petroleum downstream sector.

Signed Kimchi Apollo General Manager, Corporate Communications, 30/05/2023

https://twitter.com/DOlusegun/status/1663490141283835904

Which one be this NMDPRA?

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

None of the three frontline candidates in the last election meant to keep PMS subsidy. So this is a welcome development. It won't be easy, but it is necessary. I'm obidient, and I this policy.

On your mandate we shall stand emilokan fueling station still sells at 185 per litre just go there and sing on your mandate , you can even pay with corn

One way or the other we will have sense one day one day


Eyin werey how Una take reach work today o

Eyin niya kan

Other panics that Nigerians panicked, what did you people do about it, or what do you intend to do about this one?.
If it is only your usual story for the gods, make una allow us panic in peace abeg

Lol. The panic reaction is a normal human reaction. What were they expecting? People to sit at home and clap for them after announcing the removal in a ceremony?

I understand there’s no provision for it in the budget, so the announcement was inevitable but what measures are in place to cushion the effect of the removal?

We the Obidient are happy that the fuel subsidy is affecting everyone. Tribalistic yoruba and hausa people.

Una dey talk thrash. We are suffering you people's cluelessness and you are telling us not to panic.

The subsidy removal can only make sense if it's removed when we can refine petroleum in this country.

Wetin

But on a serious note
Nigerians we are our own problem
Why will people be hoarding fuel just to sell and make ridiculous profits
No be everything we go blame govt

sonature1:
Which one be this NMDPRA?

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

E tire person o

Close down any fuvk station that refuse to sell and revoked their License


You can’t be making life hard unnecessary for Nigerians

Dem don come o....

Lori iro x 10

😬😤😝

U

sonature1:
Which one be this NMDPRA?

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

Calm down! That is the replacement for PPPRA under the new Petroleum Industry Act (PIA).

Please read up.

sonature1:
Which one be this NMDPRA?

There are too many agencies in this oil and gas industry yet Nigeria has no single functional refinery!

Another money siphoning agency

I pray that everything will be alright with this istration

Rubbish news

Tinubu should sack all this useless people

Hmm

All relevant agencies giving quick updates..releases..

I was surprised with the emergency press statement of the GM NNPC yesterday..

Before now, it can take him 5days to even sneeze...


New sheriff in town

We always panic because we know nothing would be done to prevent exploitation by the charlatans who are the worst set of capitalist.

If there is no need to panic stop the fuel stations from hiking the price.

Wereys