Petroan Clarifies $250m Grant Was Loan, Not Free Money from FG

PETROAN clarifies that its N100bn grant request from President Bola Tinubu is a loan, not "free money", amid speculation about the nature of the financial assistance. The Petroleum Product Retail Outlet Owners Association assures it seeks support for operational growth.

PETROAN denies allegations of seeking "free money" from the government after submitting an N100 billion grant request to President Bola Tinubu. The Petroleum Product Retail Outlet Owners Association of Nigeria has clarified that the requested loan is a legitimate financial need, not a handout. PETROAN's move comes as part of efforts to support the nation's petroleum products supply chain and ensure stable fuel distribution.