FUEL QUEUES APPEARED IN SOME PARTS OF LAGOS ON MONDAY EVENING AS NIGERIANS RUSHED TO FILL THEIR TANKS IN REACTION TO A DECLARATION THAT THERE WILL BE NO FUEL SUBSIDY.REACTING TO THE DECLARATION OF FUEL SUBSIDY REMOVAL BY PRESIDENT TINUBU ON MONDAY. DAN D. KUNLE, OIL AND GAS ANALYST, SAID THAT PETROL STOCKHOLDERS WILL WANT TO MAXIMIZE THE OPPORTUNITY THAT THE PRESIDENT’S STATEMENT PROVIDES. SOME STATIONS WILL REFUSE TO SELL PETROL WHILE WAITING FOR THE PRICE TO SKYROCKET AND DEMAND TO INCREASE, BEFORE SELLING AT UP TO N450 TO N500 PER LITER. NIGERIA’S NEW PRESIDENT, BOLA AHMED TINUBU STATED IN HIS INAUGURATION SPEECH ON MONDAY, MAY 29TH THAT THE CONTROVERSIAL FUEL SUBSIDY WAS NOT BUDGETED FOR BY THE BUHARI ADMINISTRATION AND AS SUCH IT WILL BE REMOVED.