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Author Topic: Nigeria FG Set to Remove Fuel subsidy  (Read 239 times)

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Nigeria FG Set to Remove Fuel subsidy
« on: December 23, 2015, 10:07:37 AM »

The national chairman of the All Progressives Congress, APC, John Odigie-Oyegun, has disclosed that fuel subsidy will eventually be removed.

Oyegun said the emerging and current realities in the country had necessitated the gradual removal of subsidy.

He disclosed this yesterday at the party?s national secretariat in Abuja when a delegation of the party?s National Coalition for Peace and Mobilization paid him a courtesy visit.

According to Oyegun, the current administration inherited an ?infected system of subsidy run by corrupt cartels?.

He said, ?In one way or the other, subsidy must go.?

The APC Chairman described as unacceptable a situation where the government expends about a trillion naira yearly on the corruption clouded subsidy, adding that such a system could no longer be continued.

Oyegun stated that oil cartels and their cronies resisting change had continued to blackmail and sabotage government on the issue of subsidy, a development that had resulted in the return of long queues to filling stations across the nation.

He described the fuel scarcity that the country was currently grappling with as a ?national disgrace?.

Oyegun observed that there was need for the oil and gas sector, which had been ridden with corruption and inefficiency, to be restructured.



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