President of ARTRN, His Royal Highness, Eze Thomas Obiefule while briefing newsmen on the development after a meeting of the association in Abuja, said the increase would benefit the country in the long run.
He noted that the payment of petroleum subsidy in the past benefited only a few individuals and urged a faction of the organised labour to discontinue its nationwide protest.
The traditional ruler urged Nigerians to support the administration of President Muhammadu Buhari in his quest to reposition the economy of the country for the overall benefit of everybody.
Eze Obiefule admitted that Nigerians were undergoing hardship due to the sharp increase in the pump 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.
Eze Obiefule commended the president for the ongoing fight against corruption, saying that his zeal in recovering the huge sums of money slashed away by some “greedy’’ Nigerians was laudable.
The body of royal fathers also urged the British government to ensure that all the stolen money hidden in their banks by some Nigerians were quickly returned.
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