According to him, the Nigerian National Petroleum Corporation (NNPC), a private limited company cannot dictate fuel pump prices, hence, market forces as the reason for fuel pump price increase is invalid because there is only one participant in the sector.
Speaking in an interview with Arise Television on Sunday evening, Ajaero who emphasized the need for further details regarding the payment of fuel subsidies expressed the necessity of understanding the fuel subsidy situation in Nigeria and urged for transparency.
