Subsidy Removal: Tinubu directs Shettima, NEC to begin work on betterment of Nigerians
President Bola Tinubu has directed the National Economic Council, NEC, led by Vice President Kashim Shettima, to begin the process of working on interventions to ameliorate the impact of subsidy removal on the people.
The President's directive came on a day governors of the 36 states of the federation threw their weights behind the removal of petrol subsidy.
This is even as major oil marketers yesterday donated 100 mass transit buses worth N10 billion to the federal government to cushion the effect of subsidy removal.
The governor of Ogun State, Dapo Abiodun, stated this after leading some major oil marketers on a courtesy call on President Tinubu at the Presidential Villa, Abuja, yesterday.
Briefing State House correspondents after the courtesy visit, the governor said the marketers were in the presidential villa to express solidarity with the president for his bold decision to end subsidy payment.
He noted that Tinubu's action showed his determination and courage to remove the hermorrhage that had bedeviled the country for decades.
He said the country was spending about N4 trillion annually on subsidies, which should, henceforth, be taken to the Federation Account Allocation Committee, FAAC, for sharing among three tiers of government.
The governor said while there would be some discomfort on the part of the people, the move would eventually pay off as there could be no gains without pain.
Dame Winifred Akpani, Chairman of DAPPMAN, said the courtesy visit was to express the major oil marketers' utmost support to the federal government.
She said they were aware of the difficulties the subsidy removal had created in the country, expressing optimism that it was going to reposition the country.
Dame Akpani noted that Nigeria in the first three months of 2023, had spent over N2 trillion, adding that if it continued with the payment, the amount might spike to N7 trillion at the end of the year.
She said through subsidy, Nigeria had been feeding her neighbouring countries, adding that it could no longer subsidise fuel for African countries, while its economy continued to bleed.
The marketers announced their intention to donate 50 to 100 mass transit buses to help the success of the initiative, hoping that other well-meaning corporate bodies would do the same.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Baba Idris Abdulrasheed Na\'Allah Olaiya Zuberu Kwara 2015 Reuben Paraje Rafiu Ibrahim Abdulganiyu AbdulAzeez Ishola Moses Abiodun Ajia-Bako Musa Aibinu Umar Saro Medinat Folorunsho Salman Olokoba Sulyman IHS Yusuf Ali Yahaya Muhammad Mamatu Abdullahi Offa Onilupeju Of Ilupeju Ghali Muhammed Saad Belgore National Information Technology Development Agency Oba Mogaji Abdulkadir Muhammadu Gobir Abdulrazaq Aiyelabegan Ibrahim Taiwo Peter Amogbonjaye Alfa Modibbo Belgore Raji Ayodele Kamaldeen Musa Yeketi Kishira Kudirat Arinola Lawal Monthly Sanitation Stephen Fasakin Hassanat Bello Kwara Coalition Of Business And Professional Associations Yusuf Mubarak Ramadhan Maryam Nurudeen Dorcas Afeniforo Kisira Kwara State Council Of Chiefs Toyin Saraki Oloruntoyosi Thomas Kayode Issa College Of Arabic And Islamic Legal Studies Olusegun Adeniyi EFCC Ibrahim Issa Jetti Sabitiyu Grillo Ajike People Support Centre Wahab Femi Agbaje Yashikira Mufutau Olatinwo Kwara State Governor Lawan Makama Of Ilorin Onilorin LABTOP Aliyu Muyideen Peter Obi Harmony Holdings Ministry Of Women Affairs And Social Development Ibrahim Mohammed Abubakar Abdullahi Bata Oba Abdulrahim Ladi Hassan Alabe Memunat Monsuma Nigerian Medical Association Afolabi-Oshatimehin Adenike Harriet Basit Olatunji Olabode Towoju JAAC MMWG TIC Kazeem Oladepo

