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According to him, marketers are worse affected by this policy of subsidy removal, as profitability has reduced because average sales have reduced by about 50 per cent.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the hike in the price of products due to abrupt removal of subsidy was threatening the survival of their businesses. Mr Chinedu Anyaso, Chairman of IPMAN Enugu Depot Community said average sales had dropped by about 50 percent from May 30 to date. Anyaso,