Few hours after President Bola Tinubu announced the removal of fuel subsidy, long queues have returned to petrol stations in Lagos and other parts of the country.
Our correspondent observed a long queue of panicky motorists at NNPC stations in Ikeja and Alausa areas trying to buy the product.
But many private filling stations have stopped selling as they shut their gates to customers.
As of the time of filing this report, queues have also begun to form in many filling stations in Abuja, the Federal Capital Territory.
While delivering his inauguration speech, President Tinubu had announced the removal of fuel subsidy, saying it had only been benefitting only the rich.
“We commend the decision of the outgoing administration in phasing out the petrol subsidy regime which has increasingly favoured the rich more than the poor. Subsidy can no longer justify its ever-increasing costs in the wake of drying resources. We shall instead re-channel the funds into better investment in public infrastructure, education, health care and jobs that will materially improve the lives of millions,” Tinubu said.
The President also promised to also review complaints on multiple taxation in order to boost the economy and attract investments.