Random Pagan Verse:
In the Old Days, when there were many Witches, we were free and worshipped freely in the greatest temples;
but in these times, we must celebrate our sacred mysteries in secret. Therefore, none but the Witches are to see our mysteries;
no coven shall know the location of any other coven or who its members are, except the High Priest, the High Priestess and the Messenger;
and that there shall be no communication among the covens, except by the Messenger of the Gods or the Summoner. Only if it is safe may the
covens meet in some safe place for the Great Festivals; and while there, none shall give their true names or any information about their
coven or its members. This law is made for this reason:
No-one can tell our enemies what they do not themselves know.

Author Topic: President buhari debunk fuel subsidy removal claim  (Read 181 times)

Offline mastercode (OP)

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Jul 2014
  • Posts: 2414
  • Thanked: 8 times
  • Karma: +0/-0
    • View Profile
    • Naijacrux
President buhari debunk fuel subsidy removal claim
« on: July 14, 2015, 02:31:03 PM »
Loading...

President Muhammadu Buhari has said he has not taken a decision on the removal of subsidies on refined petroleum products as being suggested in many quarters.

Instead, the President said he had decided to handle the matter with care because most of the presentations he had received on the need to remove the subsidies had no depth.

According to a statement by the Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, Buhari made his position known after receiving a briefing from the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation and other agencies in the oil sector at the Presidential Villa, Abuja on Monday.


Shehu said the President told members of the delegation that he would carefully review all the submissions he had received on the need to remove the subsidies.

Buhari was quoted as saying, ?I have received many literature on the need to remove subsidies, but much of it has no depth. When you touch the price of petroleum products; that has the effect of triggering price rise on transportation, food and rents.

?That is for those who earn salaries, but there are many who are jobless and will be affected by it.?

The President said subsidies were not necessarily the most serious problems in the nation?s oil and gas sector.

Rather, he identified lack of security, sabotage, vandalism, corruption and mismanagement as the bane of the industry.

?We have to go back to the good old days of transparency and accountability,? the President said.

He, therefore, directed the NNPC to review existing agreements for the swapping of crude oil for refined products.

The review, he said, was necessary in order to inject more honesty and transparency into the process so as to reduce costs.

Buhari also asked the NNPC management to do more to improve the supply of Liquefied Petroleum Gas (cooking gas).

Similarly, the Speaker of the House of Representatives, Mr. Yakubu Dogara, said on Monday that the only legal way the Federal Government could permanently remove the subsidy on petroleum products was to initiate an amendment to the Price Control Act or have it repealed entirely by the National Assembly.

He noted that in the schedules to the Act, petroleum products were listed among the items to be regulated through pricing.

Dogara also stated that an alternative was for the government to inaugurate the price control board provided for in the Act so that in performing its functions, the board could remove petroleum products from the list.

?This is the most legal way to do it so that subsidy can go permanently; it is not by policy pronouncements alone, it is for the government to quickly put the board in place and in a way this issue can be done with once and for all?, the Speaker added.

Dogara spoke in Abuja when he received a delegation of members of the Independent Petroleum Marketers Association of Nigeria at the National Assembly.

The delegation was led by the President of the association, Mr. Chinedu Okoronkwo.


 

 

Angry Traders shut down APC secretariat, accuse Buhari of marginalising traders

Started by internet police

Replies: 0
Views: 209
Last post March 11, 2016, 08:12:44 AM
by internet police
APC React to PDP call for buhari's Resignation amid Nigeria 2016 missing Budget

Started by newspostng

Replies: 0
Views: 294
Last post January 15, 2016, 10:27:53 AM
by newspostng
World Bank backs Buhari to probe NNPC on missing funds

Started by mastercode

Replies: 0
Views: 456
Last post April 14, 2015, 12:28:27 PM
by mastercode
Buhari laments again - 'I inherited empty treasury, huge debts from Jonathan'

Started by mastercode

Replies: 0
Views: 277
Last post June 24, 2015, 09:33:30 AM
by mastercode
$150BN Stolen From Nigeria by Politicians, Buhari Tells Obama-Help Us Recover It

Started by internet police

Replies: 0
Views: 404
Last post July 23, 2015, 01:17:08 AM
by internet police
Nigeria Economy Collapsing Gradually, Civil service organizations Tell Buhari

Started by mastercode

Replies: 0
Views: 226
Last post October 29, 2015, 05:14:37 PM
by mastercode
Presidency buhari unfolds N500 Billion social welfare programmes

Started by internet police

Replies: 0
Views: 254
Last post February 08, 2016, 10:23:31 AM
by internet police
Buhari orders establishment of committees on new China/Nigeria joint projects

Started by yungcrux

Replies: 0
Views: 236
Last post April 13, 2016, 01:22:14 AM
by yungcrux
Buhari ordered CBN to release N500 Billion Paris Club cash

Started by internet police

Replies: 0
Views: 297
Last post March 17, 2017, 03:11:19 AM
by internet police
Nigerian Senators slams Buhari's N6.08tr Budget, says its unrealistic

Started by yungcrux

Replies: 0
Views: 213
Last post January 20, 2016, 11:06:44 PM
by yungcrux