Business News Nigeria

FG denies plans to increase fuel price, promises to end scarcity before weekend

Buhari, Osinbajo, ministers, ruling Nigeria in confusion – R-APC
President Muhammadu Buhari in a chat with Vice President Yemi Osinbajo

The Federal Executive Council on Wednesday said it does not have plans to increase prices of petroleum products as speculated in some sections of the media.

It also mandated the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to end scarcity of the product before this weekend.

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This is coming amidst renewed queues at major filling stations around the country.

The FEC meeting which held in President Muhammadu Buhari’s absence was presided over by Vice President Yemi Osinbajo. report that President Muhammadu Buhari is currently on a working visit to Kano State where he is expected to commission several projects initiated by Governor Abdullahi Ganduje.


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