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Nigerians may soon face an increase in petrol prices, with projections indicating a potential hike to N1,800 per litre.This development follows the call by Alhaji Aliko Dangote for the federal government to end petrol subsidy, just nine days after his 650,000 barrels per day capacity refinery began producing petrol.In a recent interview with Bloomberg, Dangote said that removing the subsidy is essential, citing that all countries have eliminated subsidies.
“But right now, by us producing, everything can be counted and accounted for. Most of the trucks or ships that will load from us, we will put a tracker on them to be sure they are going to take the oil within Nigeria and that can help the government to save a lot of money.“For example, Saudis, the citizens believe that oil is our god-given gift and should not charge us for it. Government was selling it at a very low price.
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