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

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

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

Power Is the Foundation of Industrial Growth – Gov. Otti

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

NSCDC Launches Gender Policy II to Promote Inclusive Security Operations

The Nigeria Security and Civil Defence Corps (NSCDC) has...

Audi: Trajectory of Success and Changing the Narrative

From a plethora of achievements and milestones—despite daunting challenges...

CDHR National President Extols Virtues of Late Beko Ransome-Kuti

By Jabiru HassanThe National President of the Centre for...

CDHR President Pays Tribute to Late Beko Ransome-Kuti at Memorial Lecture

The National President of the Committee for the Defence...

News Release

Foundation Backs Govt’s Education Development DriveIn what many described as an...

Dr. Sasetu Takes Over as Permanent Secretary, Youths, Sports Ministry

From Abel Zwanke, LafiaDr. Stephen Iliya Sasetu has officially...

Commentary: After NAHCON Chairman’s Exit, Stability Of 2026 Hajj Must Guide Next Steps.

  BY INDEPENDENT HAJJ REPORTERS. Following the resignation of...

Related Articles

Popular Categories

spot_imgspot_img