News
Ohanaeze chieftain insists on removal of fuel subsidy to end scarcity
A Chieftain of Igbo socio-cultural group in the South East, Mazi Ezenwo Patrick Anichukwu has reacted to the lingering fuel crisis in Nigeria and insisted on removal of fuel subsidy as the way out.
Speaking with Track News on Wednesday amid fuel scarcity leading to long queues across the nation, the Igbo apex body leader and businessman maintained that the very essence of fuel subsidization by the Federal government has been defeated.
He said, it was unacceptable anywhere in the world for government to continue to spend N6 trillion monthly on fuel subsidy, yet it was unhelpful even as citizens continue to groan as they purchase litres of fuel at high price.
According to him, it was double charges as citizens buy fuel at high price far above the approved pump price on one side, and government still pay for subsidy on the other side.
Anichukwu said: “As a management economist, I don’t see any reasonability in government spending N6 trillion on fuel subsidy.
“The Group Managing Director should be courageous enough to tender the proposal for subsidy removal at the Federal Executive Council for approval.”
Reacting to the recent approval of the Federal Executive Council for NNPL to construct 44 road infrastructure across the six geopolitical zones, he.said, it was a good development.
He commended the NNPL GMD, Mele Abba Kyari for being creative, noting that the oil and gas industry will be part of history in infrastructural development and not just sending revenue into the Federation Account
-
Politics4 days ago
PROPHESY TO PRESIDENT BOLA AHMED TINUBU ABOUT 2027
-
News4 days ago
Family, Friends Celebrate Jailed Former Deputy Senate President, Ike Ekweremadu’s Birthday
-
Business2 days ago
Nigeria’s Azikiel Refinery to Begin Operations in 2025
-
Business5 days ago
Baraza: Bribena pleads for understanding, highlights solutions to organization’s problems
-
News7 days ago
Baraza Cooperative Disputes Becky Buodeigha’s Claims, Cites Pattern of Dishonesty
-
Politics4 days ago
Fubara Swears-in Dagogo as Attorney-General, to Probe Wike’s 8 Years As Governor
-
Politics1 day ago
You Have a Few Days to go, Gov. Fubara Tells LGA Chairmen
-
Business4 days ago
Gunmen kidnap Dangote cement workers in Edo