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The Association of Royal Traditional Rulers of Nigeria (ARTRN) has supported the federal government’s decision to increase the pump price of petrol to N45 per litre.

PM News reports that His Royal Highness Eze Thomas Obiefule, the president of the ARTRN, stated this while briefing journalists on the development after a meeting of the association in Abuja.

Obiefule noted that the payment of petroleum subsidy in the past benefited only a few individuals.

Assuring Nigerians that the increase would benefit the country in the long run, the ARTRN president called on the organised labour to discontinue its nationwide protest.

Obiefule also urged people to support President Muhammadu Buhari and his administration in their quest to reposition the economy for the overall benefit of everybody.

The traditional ruler admitted that Nigerians were suffering and facing challenges due to the sharp increase in the fuel price, but assured that if given the chance, the new price regime would crash in few months to come.

“Yes, we agree that Nigerians are going through some hardship at the moment, but I want to assure as a businessman of over 30 years, that in the next three months the price will crash.

“This is because many people are now free to bring in the product and that is why we urge restraint; the hardship of today will lead to a tomorrow of bliss for all Nigerians,” he said.

The traditional ruler commended the president for his fight against corruption, saying that his efforts to recover the huge sums of money slashed away by some “greedy’’ Nigerians were laudable.

He also called on the British government to ensure that all the stolen money hidden in their banks were quickly returned.

Meanwhile, the governors under the aegis of the Nigeria Governors Forum (NGF) have also thrown their weight behind the recent increase in the price of fuel from N86 to N145.

Governor Ibikunle Amosun of Ogun state expressed assurance that the deregulation policy might come to pay-off on the long run and called on Nigerians to be patient.
12:10 PM

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