Report says, President Muhammadu Buhari have approved the reduction of pump price from N145 to N125.
A reliable presidential source, who disclosed this to the newsmen at the Presidential Villa today, said the approval may be results from a presentation by the Minister of State on Petroleum Resources, Chief Timipre Sylva, to the ongoing Federal Executive Council (FEC) meeting at the Villa.
According to the source, who wants to be Anonymous said, Sylva had made a request to the FEC for the reduction of pump price before now, due to the drop in the price of crude oil at the global market.
Further Investigation on this development is ongoing...
Details later…