Group Commends Tinubu, NNPCL Management for Insisting on Fuel Subsidy Removal




Coalition for Good Governance and Economic Development (CGGED) as a group of concerned Nigerians  that Fuel subsidy should removed to allow the market forces of demand and supply to determine pump price of petroleum henceforth.

In a press release signed by the National Coordinator, Comrade Usman Abdulkadir and made available to the press on Wednesday, the group explained, their  decision to support the removal of fuel subsidy is because, it discovered from the  advantages of removing the fuel subsidy far outweighs the disadvantages business and economic development .

The National Coordinator also  explained the  failure of previous administrations to take decisive steps in order  to stop importation of Premium Motor Spirit (PMS), and outright removal of subsidy was the reason behind the  recurring scarcity and fuel queues at our filling stations across the country .

Abdulkadir further noted that with the  dwindling economy and paucity of funds, Nigeria cannot  afford to continue to pay 1.2 Trillion naira monthly as fuel subsidy.

The group Coordinator further noted that
"If there is provisions made for fuel subsidy in the budget , how do we expect the current administration to pay for what is not appropriated for ? Any attempt to pay for subsidy now , will surely amount to breach law .More so, that government can't withdraw money illegally to pay subsidy.

We now understand why the Management of Engineer Mele Kyari led NNPCL during  an emergency press conference held  at the NNPC Towers, Abuja, told Nigerians that the move was in the best interest of the company.

The Chief Executive Officer of the NNPCL revealed that the company has been spending a substantial amount of its profits in the subsidy of the product

He concluded, "It is against this background that we insist on removal of subsidy and the money used to pay subsidy in the past be used for development of agricultural and industrial Sectors.

We strongly believe that doing so will  lead to high production of food and raw materials for industries as well as employment generation .

Comments

Post a Comment

Popular posts from this blog

APC Crisis: There are heavy moves to oust Ganduje.

Image
By Comrade Musa Mohammed  There are possiblity of  replacing Abdullahi Umar Ganduje, the national chairman, the source fingered former governor of kogi State, Yahaya Bello.  The National Working Committee (NWC) of the All Progressive Congress (APC), and aides of President Bola Ahmed Tinubu have moved to replace the national chairman of the party, Abdullahi Umar Ganduje, with a former governor from the North-Central, a reliable source revealed. Reports gathered that the move by the presidential aides and associates of the president is aimed at altering the zoning of offices in the APC, which would see the national chairman of the party coming from the North-Central. In this regard, there is are speculations of a plot to make the former Governor of Kogi State Yahaya Bello to replace Ganduje as the national chairman of the party. It was also gathered from a party source that there are lack of competency from Ganduje hence he failed to deliver Kano State. An APC c...
Read more

OZEKHOME LEADS NIGERIAN PROFESSIONALS, BUSINESSMEN,TO VARSITY AWARDS IN LAGOS

Image
All is set now for the long awaited Leadtimes Africa Magazine’s summit on Poverty Reduction billed for the University of Lagos this weekend.The program which is an annual event will be held in collaboration with Highstone Global University,Texas, USA with the theme titled:Promoting Good Governance Through Capacity Building and Entrepreneurship-antidote to Sustainable Peace and Poverty Reduction in Africa.According to the press release credited to the Advisory Board Chairman of Leadtimes Africa Magazine,Professor Buba S. Mshelia,” few outstanding Nigerian professionals and businessmen are expected to be decorated with honor at the ceremony;those to be honored are men and women of integrity with track-records;selection was very competitive and the indices used was strictly on merit. “ At this epic ceremony, Chief Mike A. A. Ozekhome, a renowned constitutional lawyer,human Rights Activist,pro-democracy crusader and Senior Advocate of Nigeria, will lead few outstanding Nigerian professiona...
Read more

Mis-representation Of Facts On DSS Arrests Customs Comptroller ‘For Alledged Involved In Arms Deal’ In Kaduna

Image
Prior to the above subject matter,  it was factually gathered that it was a mis-representation of facts. We later gathered from reliable sources after thorough investigation that the stories carried by our online platform that "Custom Area Controller, Federal Operations Unit (FOU) Zone ‘B’ Kaduna, Comptroller Musa Ibrahim Jalo has been arrested by operatives of the Department of state security service (DSS), for Allegedly  Involvement in arms deal" was not false and erroneous , but also a misrepresentation of facts .  The above statement was not thoroughly investigated and therefore all the allegations therein were not true and lack evidence with a lost of reality, hence should be disregarded accordingly.  At this juncture,we wish to sincerely apologise for smearing the name of the customs Comptroller and equally promise to follow-up the matter and give details in our subsequent publication. We wish to also apologize that the wrong representation was not ...
Read more