FCT Residents React to NNPC's Petrol Discount Initiative

Motorists and commuters in the Federal Capital Territory (FCT) have expressed divided opinions regarding the N66-per-litre petrol discount offered by the Nigerian National Petroleum Company Ltd. as the October 31 deadline approaches. The Federal Government announced a 30-day discount on petrol, prioritizing public transport operators.

Mr Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, clarified that this initiative does not signify a return to petrol subsidy. He also mentioned ongoing negotiations to set a ceiling of N1,350 per litre on the ex-gantry price of petrol to stabilize pump prices.

Motorist Mr Abubakar Saidu praised the initiative but noted challenges with app usage and long queues. Commuters like Mr Obi Anyawu and Mrs Stephanie Okoro reported that the discount has not led to lower transport fares, with many struggling to afford daily transportation.

Mr Jide Oyetola called for a review of the intervention and additional measures to alleviate the economic burden on citizens.