The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has written to President Tinubu, seeking a N100 billion grant to prevent the imminent closure of 10,000 businesses.
Dr. Joseph Obele, PETROAN’s National Public Relations Officer, explained that the cost of a truckload of PMS has skyrocketed from N7 million to N47 million in the past 16 months.
He said, “Three days ago, there was a meeting at the national headquarters of PETROAN. At the meeting, there was an indication that about 10,000 of our members would quit business in the next 45 days because their trading capital had been severely affected.
“That was why we wrote a letter to Mr President, dated October 21, requesting a grant of N100bn to save the affected marketers’ businesses from shutting down in the next few weeks.”
