NACCIMA raises concerns over hike in petrol price, says it will exacerbate inflation - Tellbrief.com

NACCIMA raises concerns over hike in petrol price, says it will exacerbate inflation

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has expressed concerns over the increase in petrol pump prices. Dele Oye, national president, NACCIMA, spoke in a statement on Wednesday in Lagos.

“Given that petrol is a primary driver of inflation, the rise in petrol prices will exacerbate the already high inflation rate in Nigeria. AdvertisementThe NACCIMA president called on the Nigerian National Petroleum Company (NNPC) Limited to demonstrate the necessary goodwill to support Dangote Petroleum Refinery operations.

Oye said it would ideally stabilise local petrol prices, reduce Nigeria’s dependence on imported petrol and contribute to national self-sufficiency...

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