The Independent Petroleum Marketers Association of Nigeria (lPMAN), says subsidy on Premium Motor Spirit, popularly known as petrol, is no longer sustainable.
Mike Osatuyi, the National Operations Controller of lPMAN, said the federal government had N20.51 trillion expenditures in the 2023 budget against a revenue of N9.7 trillion, leaving a deficit of N10.78 trillion.
According to lPMAN boss, deregulation remains the answer to all challenges confronting the downstream sector and also allows all the players to key into the sector and import freely.
