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

APC chairman dismisses 2027 vice-presidential speculations

The National Chairman of the All Progressives Congress (APC),...

CIBN Commends Gov. Otti on Economic Growth, Poverty Reduction in Abia

The Chartered Institute of Bankers of Nigeria (CIBN) has...

Pessu Primary School Warri Wins 2025 Zenith Bank Delta Headmasters’ Cup

By Anne AzukaPessu Primary School, Warri, on Thursday emerged...

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

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

“Strategic Leadership At Its Best”: GMI Hails Tinubu’s Diplomatic Gains, Urges Final Push Against Banditry

The Grassroots Mobilisation Initiative (GMI), has commended President Bola...

CIBN Commends Gov. Otti on Economic Growth, Poverty Reduction in Abia

The Chartered Institute of Bankers of Nigeria (CIBN) has...

Senator Monguno Launches ₦250 Million Mega Empowerment Programme for 2,500 Constituents

The Senator representing Borno North Senatorial District, Chief...

Royal Father Calls for Unity in Nigerian Basketball as Stakeholders Seek Lasting Peace

Prominent basketball promoter and initiator of the Mark D...

Insecurity: Kogi Govt Orders Temporary Closure of Markets, Motor Parks

From Noah Ocheni, LokojaThe Kogi State Government has ordered...

Ododo Says Prof. Salisu Ogbo’s Achievements Earned Him VC Appointment

Kogi State Governor, Alhaji Ahmed Usman Ododo, has said...

Insecurity: Kogi Government Orders Temporary Closure of Markets, Motor Parks in Kogi West

The Kogi State Government has ordered the temporary closure...

Related Articles

Popular Categories

spot_imgspot_img