- The Independent Petroleum Marketers Association of Nigeria has directed its members to reduce petroleum pump price from N145 to N140, following the postponement of elections
- The decision was taken in order to motivate Nigerians to return to their respective polling stations to vote on February 23 and March 9 respectively
- The association's president also says the decision followed the concern expressed by President Muhammadu Buhari, over the election postponement
As part of its contribution towards encouraging voters to participate in the election processes, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has directed its members to reduce petroleum pump price from N145 to N140.
The national president of the association, Elder Chinedu Okoronkwo, announced the directive on Sunday, February 17, Daily Trust reports.
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Legit.ng gathers that Okoronkwo, who was represented by the association's north-west zonal chairman, Alhaji Bashir Salisu Tahir, in Kano, said the implementation of the directive would take effect from Wednesday, February 20.
He said the decision came following the Independent National Electoral Commission (INEC)'s decision to postpone the presidential and National Assembly elections.
He pointed out that in order to cast their votes, Nigerians had travelled to different places across the country; but to their dismay, the elections were shifted.
He said the association decided to slash N5 from the pump price of fuel in order to motivate Nigerians to return to their respective polling station to vote on February 23 and March 9 respectively.
He said: “We urged all our members across Nigeria to immediately reduce the price of petroleum pump price from N145 to N140 as directed.
“This is because of the political situation that hit the country after INEC suddenly announced the postponement of presidential and National Assembly elections after Nigerians were fully prepared.
“We are all aware how Nigerians travelled to different destinations across the country in order to exercise their civic duty; unfortunately, they heard a sad news of postponement of the polls.
“This made us deem it fit to reduce the pump price in order to ease their suffering, and to also motivate them to travel again to exercise their franchise on February 23."
The IPMAN boss also stated that the decision to reduce the price of fuel also followed the concern expressed by President Muhammadu Buhari, over the election postponement.
He said: “We decided to express our concern over the postponement, as President Buhari expressed concern over the development.
"As Buhari apologised to Nigerians to show restraint and return to polling units on February 23, IPMAN, therefore, called on the citizens to exercise patience and come out en masse to cast their votes on the rescheduled date."
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Meanwhile, Legit.ng previously reported that the director general of the Lagos Chamber of Commerce and Industry (LCCI), Muda Yusuf, said the postponement of the 2019 general elections caused the nation’s economy to lose about $1.5bn.
Yusuf said in part: “The postponement of the elections has caused very serious disruptions to the nation’s economy and businesses. Many investors have lost a lot of money, and the loss to the economy due to the postponement cannot be less than 1.5bn US dollars."
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Source: Legit.ng
