Tag: PMS

House Committee Targets PMS Racketeers, Collaborates with Stakeholders to Address Downstream Challenges

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The House of Representatives Committee on Petroleum Resources (Downstream) has declared its determination to pursue individuals involved in Premium Motor Spirit (PMS) product racketeering and other downstream sharp practices. This announcement comes as the committee commits to partnering with key industry associations, including the Nigerian Association of Road Transport Owners (NARTO) and the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), to address issues affecting the availability and affordability of PMS and AGO. Chairman of the committee, Hon. Ikeagwuonu Ugochinyere (PDP-Imo), issued a stern warning during a meeting with…

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House of Representatives Urges Federal Government to Allocate PMS Subsidy Savings for Free Malaria Treatments

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In a decisive move, the House of Representatives has called on the Federal Government of Nigeria to promptly allocate a portion of the savings accrued from the removal of the Petroleum Motor Spirit (PMS) subsidy for the provision of free malaria treatments and drugs in all government hospitals across the country. The resolution, stemming from a motion presented under matters of urgent national importance by Hon. Amobi Ogah during plenary, emphasizes the critical nature of addressing the prevalent issue of malaria in the nation. Hon. Ogah highlighted the alarming 2023…

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CHRICED Flays World Bank’s Projected PMS Price of N750

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It Is imperialist policy to Destabilize Nigeria. The Resource Centre for Human Rights & Civic Education (CHRICED) expresses its disagreement with the recent advice given by the World Bank, suggesting that the price of Premium Motor Spirit (PMS) should be set at N750 per liter. Executive Director CHRICED in statement said “We have serious concerns regarding this recommendation, and we question the motives behind it. It appears that the Nigerian government may have found a lackey in the World Bank, and is using their advice as a means to justify…

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