El-Rufa’i led committee proposes N385 per liter for petrol

Nasir El-Rufai

A governors’ committee headed by Kaduna State Governor, Mallam Nasir el-Rufai yesterday made a proposal to the federal government to increase price of petrol to 385 naira per liter.

The committee which was set up by Vice President Yemi Osinbajo to look into the dwindling revenues of states and make recommendations to the Federal Executive Council also proposed that the Federal Government buys 113 buses to cushion the effects of the price increase.

Other members of the committee include Governor Godwin Obaseki of Edo State, Governor Kayode Fayemi of Ekiti State; Governor David Umahi of Ebonyi State, Governor of the Central Bank of Nigeria, Godwin Emefiele, and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari.

The committee also recommended that the federal government should sell the three refineries after rehabilitation.

Nigeria Governors’ Forum in a virtual meeting yesterday also endorsed the committee report describing subsidy as evil.