 Welcome back. It's so business insight and lost TV. I have the national PR of Iban Ukadike. She did join in me right now. Many thanks for joining me on business insight. Ukadike. Yeah, thank you. Good afternoon. Let's try and understand what is really going on. Can you explain why marketers are not selling the product? We heard from the federal government and it said that the removal of subsidy is not immediate. What exactly is going on? Well, you see, you need the other explanation to be able to take care of the policy statement. The president made a policy statement actually in his inauguration. And now people are now going to understand that it's just a policy statement. That's the implementation of this policy statement. And everybody is worried about the circumstances and the particular situation we are about to face. The president also during his campaign also did a lot of chaos. And he said he must remove the subsidy. So he showed that he clung back the money wasted on the other sectors of life. But the problem now is that it's panicked by. And as I'm talking to you, NNPC is not yet supplying. It's not a personal product. And one of the things you notice anything about shortage of supply with the trade off of the charity. This is exactly what is going on now. Okay. So the issue right now is that NNPC is not supplying the products to your members or what? The stoppage of supply started immediately after the president's announcement? Yes. So and that's not what triggered this panic buying. That's what triggered this shortage of supply of petroleum products. Once there is a shortage of supply of petroleum products, it will definitely lead to a special scandal. And you also know that people were panic buying. So they showed that they have enough because the Nigeria economy is the most domestic Nigeria economy is driven by petroleum products. So the commuters everybody here you want to have so that we can be able to move. We don't have claims. We don't have a mix of apart from PM. All right. But you as an EAP man is not in support of the fuel subtly removal as right now. You were quoted as saying that the president the government of president should not adopt what is in the transition document handed over to eat by the administration of former president Muhammad. Can you explain for that? Yes, we said that because constructively when we discussed with the Mr. President through his campaign, he also told us that he has more past strategies. He has more past way that seamlessly that something will be removed and it will not affect Nigeria. Nigeria will get more waste of these more removed. So upon those policies of that policy statement he made, through his campaign and during our sessions with him, although he was represented by other officials. Upon that, that way he has said, okay, since he knows how to do that, abandon behind the battle. Given to him by the past president who has tried to remove supposedly for the past eight years and he couldn't do that for him to come up with that unique way, with that comprehensive way, with that seamless way that he can be able to implement subsidies and it will not put a kind of inflation in the country. Okay. So the situation right now. So how long would this linger and what is EAP man expecting in the immediate see? Well, I think if going by what Mr. President said last week, I also think that NNPCR should go back as a supply. Once there is adequate supply, it will bring them the price. I know what the factors of deregulation or subsidy movement is the expression in prices. The way you buy is how you sell. It is the process of demand as a flight that determine the price of personal product in line with the subsidy regime. So if there is adequate supply, all independent marketers want to sell and they want to be in business and we like turnover. So if we see where we buy cheaper, we will also sell cheaper. So that is the position of the independent marketer. We are here to ensure that we deliver the last book to the computers and me and you because Nigeria is dependent on the position of petroleum product. If you are, you said you are moving something and we are saying dependent on petroleum product and the only source of debt to petroleum product is NNPCR. So if there is no product supply to us by NNPCR, the price will start again. It will go more further than 2000 and it will be more massive than what the subsidy regime has given to us. All right now, so from the foregoing right now, you have talked about the president should actually meet with stakeholders. You also talked about the Dangute refinery being on stream and that that is supposed to help on the situation. You also talked about putting the refineries in order. Can you throw more light on that? Ukadike, did you hear my question? All right, I think we lost the Ukadike Chinadu is the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria Aipman and he joined us to talk about ongoing fuels scarcity and of course the issue of fuel subsidy removal. We will move away from that as we wrap up now to some other issues are making the round as we go. The Manufacturers Association of Nigeria MAN says it is highly commendable to hear of President Borla Tinibu's industrial policy that will utilize the full range of fiscal measures to promote domestic manufacturing and lessen import dependency. This was contained in a statement issued by the president of Manshagu Ajayikardu on Wednesday. Ajayikardu says in addition to pursuing the unification of the exchange rate, the CBN should be prevailed upon to take effective action to give priority to the allocations of foreign exchange to the productive sector, particularly to manufacturers to import raw materials, spares, and machinery that are not locally available. MAN also wants the president to direct the NEC to admit all qualified applicant companies into the eligible customer scheme in order to allow them access to power as stipulated in the Electric Power Sector Reform Act of 2005, among other postulations that it made today. Well, that's the size of the show for today. I am Justin Akadonia. Many thanks for watching.