• 365

    USD/NGN

No Plans to Remove Subsidy – Presidency

No Plans to Remove Subsidy – Presidency

The Presidency, yesterday, said it had no plans to remove oil subsidy.

Presidential Spokesman, Dr Doyin Okupe, in a statement in Abuja, said despite

President Goodluck Jonathan’s recent remark concerning subsidy, the

administration, as a matter of policy, had no plans in that direction.

No Plans to Remove Subsidy – Presidency

who said the President was mindful of the reactions and plight of Nigerians,

maintained that sufficient allocation for fuel subsidy has already been made in

the 2013 budget “therefore there is no cause for alarm on removal of fuel

subsidy.”

Besides, Dr Okupe,

Jonathan had on March 20, at the Nigeria Economic Summit 2013 held in Lagos,

unveiled a platform of economic development for the country predicated on full

removal of fuel subsidy.

President Goodluck

remark at the Economic Summit in Lagos, Dr Okupe said it “was a frank,

intellectual and well-articulated contribution by the President to the

discussion on the Nigerian Economy at the said Summit, and it was from a honest

and sincere leadership perspective”.

On the President’s

Jonathan’s remark had generated a furore with attendant lamentations from the

Nigerian public who viewed the move as anti-people and a plot to hike pump

price of petroleum products.

President

Okupe, “the President and this administration are not insensitive to the

plights of the Nigerian Masses and will continue to pursue and execute policies

and programmes that are in the overall interest of majority of Nigerians and

that will bring the greatest good to the greatest number of our teeming population.”

According to Dr

“It is an undeniable fact that every responsible leadership, genuine

stakeholder and patriot must be worried when a nation spends about N1

trillion, an equivalent of about 20 per cent of the national budget, on subsidy

paid out to a few companies and enjoyed in the main by very few elites, while

the common man benefits only minimally.”

He said further:

“Contrary to the speculation in the media and assumption by certain groups

within the polity, we wish to state categorically that, the removal of oil

subsidy is not on the table of the Transformation Agenda of the President. The

statement made by President Goodluck Jonathan at the recent Economic Summit

held in Lagos was a frank, intellectual and well articulated contribution by

the President to the discussion on the Nigerian Economy at the said Summit, and

it was from a honest and sincere leadership perspective.”

Dr Okupe said:

avoidance of doubt and at the risk of being repetitive, this administration is

not considering the issue of removal of fuel subsidy in the nearest future and

certainly will not embark on any such programme without extensive consultations

and engagements across the various segments, interests and stakeholders in the

Nigerian polity,” he said.

“Finally, for the

Related news

Union tells FG what to do for workers before Sallah

Union tells FG what to do for workers before Sallah

Union tells FG what to do for workers before Sallah
NAIJ.com
Mailfire view pixel