Petrol stations in Lagos started witnessing queues few hours after President Bola Tinubu announced that “fuel subsidy is gone”.
In his inauguration speech, Tinubu had said subsidy was benefitting the rich at the expense of poor.
VOP News observed that NNPC stations in Ikeja, Alausa were crowded by motorists who rushed to buy the product.
Many private stations were not selling as of the time of filing this report.
Also in Abuja, queues are springing up across the capital city.
However during an interactive session at Nigerias 7th consecutive transition convention held recently in Abuja, Akinwunmi Adeshina a Nigerian economist, who is currently serving as the President of the African Development Bank gave important key points on resuscitation the economy and the subsidy of Petrol been the first call for the current administration of President Bola Ahmed Tinubu