x

Rehabilitate Refineries Before Scrapping Fuel Subsidy–CSO Tells FG

By Ya’u Mukhtar

President of the Civil Society Group for Good Governance, CSGGG, Comrade Ogakwu Dominic, has called on the federal government to revive the country’s moribund refineries before contemplating fuel subsidy removal.

His call was made during a world press briefing in Abuja.

In a statement, Comrade Ogakwu noted with worry that, in spite of having four refineries domiciled in Port Harcourt, Warri and Kaduna, the country cannot still refine its crude oil.

He further expressed concern that, Nigeria cannot afford to continue spending a whopping amount of money yearly to finance the fuel subsidy regime.

The statement reads in parts…”A key area of concern is Nigeria’s fuel subsidy bill which is growing faster and bigger than what our country’s economy can carry. If you can recall, it was stated recently that the country needs to spend a princely N3 trillion on subsidy in 2022. In the light of this humongous sum, we join well-meaning Nigerians in rehabilitation of the refineries to improve availability of products locally and reduce importation.

“It is also important that the federal government also ensure that the right policies are in place and improve the country’s domestic refining capacity to meet local demand before subsidy removal is implemented.”

Dominic further appealed to the Nigerian Customs Service personnel and other security agencies to mount surveillance across Nigeria’s borders to stem the tide of petroleum products’ smuggling to and fro neighbouring countries.

“We want to use this forum to call on Nigeria Customs Service and relevant security agencies to pay special attention to our land borders in order to mitigate the smuggling of Nigeria’s petroleum products to neighbouring countries.

” We are also calling on those involved on aiding and abating the smuggling of petroleum products to desist from this sabotage as the country is bleeding from all its openings and this can no longer be accepted,” he added

Hot this week

Power Is the Foundation of Industrial Growth – Gov. Otti

By Okechukwu Keshi UkegbuAbia State Governor, Dr. Alex Otti,...

PDP Upholds Ibadan Court Judgment on National Caretaker Committee leadership

… Sets March 28,29 for Abuja National ConventionBy Joyce...

Don’t Trade Dialogue for Division, Mahmoud Cautions FCT Youths

By Joyce Remi-BabayejuThe FCT Minister of State, Dr. Mariya...

Army kills ISWAP commander, foils attacks in Borno

Troops of the Joint Task Force (North East), Operation...

Kano Governor’s Defection to APC Will Strengthen Democratic Values — Mustapha Coach

By Jabiru HassanChairman of the Kano State Youth Association...

Foundation Disburses Scholarships to 730 Indigent Students Across Nasarawa

By Abel Zwanke, LafiaThe Maikaya Development Foundation has begun...

Over 2,000 PDP, Labour Party Members Defect to APC in Plateau

By Israel Adamu, JosThe All Progressives Congress (APC) has...

Security Operatives Arrest Eight Suspects in Joint Operations Across Kogi

By Noah Ocheni, LokojaSecurity operatives in Kogi State have...

NCDMB Pledges Sustained Support for APPO, Africa Energy Bank

The Nigerian Content Development and Monitoring Board (NCDMB) has...

Alleged N738.6m Fraud: Judge Threatens to Revoke Maina’s Bail

By Francis WilfredJustice Abubakar Kutigi of the Federal Capital...

Private Sector Remains Key Driver of Nigeria’s Economy — SGF

By Francis WilfredThe Federal Government has reaffirmed the central...

Kwara massacre: UN, Türkiye condemn killings as Tinubu orders security response

President Bola Tinubu has ordered an expanded security response...

Related Articles

Popular Categories

spot_imgspot_img