Home News FG: To reduce Fuel Subsidy by Next year to 97.

FG: To reduce Fuel Subsidy by Next year to 97.

FG: To reduce Fuel Subsidy by Next year to 97.
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Former General and Nigerian President Muhammadu Buhari, arrives for his Inauguration at the eagle square in Abuja, Nigeria, on Friday
Former General and Nigerian President Muhammadu Buhari, arrives for his Inauguration at the eagle square in Abuja, Nigeria, on Friday

The Federal Government has for sometime now been selling the idea of fuel subsidy removal to Nigerians; making them to understand how immensely beneficial the removal be to all. The Federal Government particularly points that it is aimed at generating additional revenue that will be used to improve the infrastructure in the country such as roads, schools, hospital,  etc. However, Nigerians are looking at it differently–as an attempt to exploit their meager resources.

The PDP chieftain Dr Katchy Onunuju made the revelation on Friday in Abuja at the Town Hall meeting on Natural Resources Governance in Nigeria, organised by the Centre for Democracy and Development (CDD), Daily Trust reports.

He said the government’s intention was to create an environment where private Nigerians can own refineries and provide jobs for the citizenry.

“As I am talking to you today, I believe in the next 90 days you will not hear of subsidy, we will remove it, our intention is to remove it let use the crude to refine at home. We don’t want to come and build refineries, no. Create enabling environment and let Nigerians build it. Let us earn it even if there is a marginal increase in the cost let us you and me have our own. Let’s our brothers and sisters work,” Daily Trust quotes Onunuju.

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