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

PCRC Chairman Reiterates PCRC-NUJ-FCT Council Media Partnership

… Comrade Grace Ike Pledges Mutual Positive Police-Media EngagementBy...

Police nab man in juju related armed robbery case in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has arrested...

Ex-Benue governor Suswam joins APC as PDP says he was already expelled

Former Benue State Governor and ex-senator, Gabriel Suswam, has...

Reps Committee to Compel CBN, NIRSAL, Banks, NBS Over Agricultural Intervention Probe

By Oladosu Adebola OluwaseunThe House of Representatives Ad-hoc...

Banditry and Insurgency: Are Nigeria’s Security Responses Sustainable?

By Abu Jemimah LamiNigeria continues to grapple with...

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

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

Plateau Hits ₦40bn Revenue Milestone, Sets ₦65bn Target for 2026

By Israel Adamu, JosThe Plateau State Government has announced...

Army Approves Deployment of Special Forces to Plateau

By Israel Adamu, JosThe Chief of Army Staff (COAS),...

Falz Slams Government Over Kwara Massacre, Cites Misplaced Priorities

Nigerian rapper and social activist Folarin Falana, popularly known...

Frederick Leonard Takes Stanley Ontop to Court Over Alleged Defamation

Nollywood actor Frederick Leonard has filed a formal petition...

SPL: Cristiano Ronaldo’s Eight Conditions to End Al-Nassr Strike Revealed

Details have emerged regarding Cristiano Ronaldo’s conditions for ending...

Turkey: Osimhen Becomes Galatasaray’s Fourth-Highest Scoring Foreign Player [Top 5]

Galatasaray striker Victor Osimhen on Sunday etched his name...

Related Articles

Popular Categories

spot_imgspot_img