Removal of Petroleum Subsidy would cause inflation, hardship

Removal of Petroleum Subsidy would cause inflation, hardship

Independent

The All Progressives Congress (APC) commended President Mohammadu Buhari for putting the welfare of citizens ahead in the implementation of policies and programmes of the government.

The party was reacting to the suspension by the Federal Government, of the planned removal of subsidy on petroleum products.

Secretary of the party, John James Akpanudedehe noted that any of the petroleum subsidies at this time would cause undue hardship on the people.

“Commendably, the Federal Government took into consideration the fact that the removal of subsidy at this time will heighten inflation and cause undue hardship on the citizenry.

“Programmes and policies of government are meant to benefit the people. So if the timing of the planned subsidy removal would cause hardship on citizens, then a review was necessary. We commend President Muhammadu Buhari for always putting the welfare and well being of Nigerians first as he has serially displayed in the implementation of programmes and policies of this administration.

“In line with the new Petroleum Industry Act (PIA), the Federal Government is already putting in place measures, particulary boosting our local refining capacities to reduce the country’s reliance on expensive import of refined petroleum products. This will in due course usher in the eventual and full deregulation of the country’s petroleum sector.

More

Leave a Reply

Your email address will not be published. Required fields are marked *

Removal of Petroleum Subsidy would cause inflation, hardship

 

Log In

Or with username:

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.