LCCI demands clarity on fuel subsidy policy

The Lagos Chamber of Commerce and Industry (LCCI) has demanded that the Federal Government tell Nigerians the truth on the petrol subsidy.

The LCCI also lamented that the prices of petrol have risen by approximately 430 percent since President Tinubu assumed office on May 29 last year.

In a statement issued on Friday,, the LCCI President, Gabriel Idahosa, opined that the price hike may be part of the government’s intention to fully deregulate the oil and gas sector and implement a complete petrol subsidy removal policy.