Civil Society coalition moves to support fuel subsidy removal

user_icon Civil Society coalition moves to support fuel subsidy removal Posted by: NOTICE.COM.NG Staff
calendar-icon Civil Society coalition moves to support fuel subsidy removal Posted on: 2021-11-25 17:06:55
Civil Society coalition moves to support fuel subsidy removal FUEL161158

A Civil Society Organisations coalition has hinted on plans to engineer “Fuel subsidy removal” in Nigeria.

The Coalition under the aegis of “Civil Society Coalition for Economic Development (CED), comprising of 82 groups disclosed this at a press conference in Abuja on Thursday,

The Coalition said they were committed to pushing for subsidy removal as well as engaging other stakeholders in some sectors of the economy to see reasons with the government on the need to lay fuel subsidy payment to rest.

DO YOU KNOW >>> Reps summon INEC Chairman over N500bn cost - Direct Primaries

The Convener of the group, Comrade Yusuf Dan Maitama told reporters that there was no better time for total removal of fuel subsidy in Nigeria than now, given the economic challenges the nation was going through.

The Coalition lamented that the fuel subsidy regime which had been in place for the past 20 years has enriched few individuals and denied citizens of what was supposed to be collective wealth, adding that moves by the present administration to end the subsidy regime was the right step.

The Coalition posited that the Nigeria National Petroleum Company’s commitment to implementing policies that ensures total removal of subsidy must be supported at all cost.

READ ALSO >>> Fuel subsidy removal, pump price increase not solution to Nigeria’s problems – Pastor Giwa

The Coalition said: “The fuel subsidy regime has in the last 20 years done more harm than good to the economy of the nation and it appears Nigeria is the only country in the world that has fuel subsidy regime in place.

“We have slated a conference for February 2022 and we are going to assemble top class oil experts to speak on reasons fuel subsidy regime should be put to rest”, the group said.

It is recalled that the Hon. Minister of Finance Budget and National Planning, Mrs Zainab Ahmed had recently disclosed to the Senate Committee on Finance that the Federal government would offer N5,000 transport grant to Nigerian People to cushion the effect of fuel subsidy removal in 2022.

READ ALSO >>> UK Government releases new guidelines for Premier League resumption - Coronavirus

LISTEN TO >>> Freebeat: Toxic (Prod By Airkay)

READ ALSO >>> Download Music Video: YCee And Bella – Wetin

For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below



NOTE: User comments in this section are, as the name implies, provided by users of this website. The team is not responsible for, nor do they endorse, any of the information provided here.