AnaedoOnline
Featured Posts News

LATEST: El-Rufai Asks FG To Remove Subsidy Immediately

Mallam Nasir El-Rufai, the governor of Kaduna State, has demanded that the petrol subsidy be removed immediately.

He made the announcement yesterday during the “State-of-the-State” session of the ongoing NESG in Abuja.

When asked what the government’s priority should be during the session, the governor, who was on the panel, answered, “eliminate fuel subsidies immediately.”

El-Rufai stated that at the National Economic Council, the governors of the 36 states and federal government officials agreed to end the subsidy on gasoline in September 2021.

Subsidy Removal: FG Feared Protest Would Be Worse Than #EndSARS

Advertisement

He expressed surprise that President Muhammadu Buhari had failed to implement the decision, despite the enormous fiscal strain the subsidy had placed on government finances and the corruption it had engendered.

According to him, the openness of the subsidy administration, which should have pushed the federal government to abandon the regime by now, is still in doubt.

The governor also stated that the National Economic Council, NEC, anticipated that if the subsidy was not removed, the Nigerian National Petroleum Company Limited, NNPCL, would claim that the nation’s entire monthly oil profits had been spent on subsidy.

He said: “The framers of our constitution envisaged that for the economy to work well, there should be a level of coordination between the federal and state governments.

LATEST: NLC Suspends Nationwide Protest Over Petrol Subsidy

“That was why the National Economic Council was created, with the Vice President as Chairman. All 36 governors are members and some federal government officials like the Minister of Finance.

“Under this administration, we have met religiously, almost every month, because we have only one economy.

Advertisement

“I think if NEC decisions were faithfully implemented by the national government, some of the current economic issues will not arise – because NGF provided technical support to study this subsidy issue when it started looming and at N800 billion.”

“We projected that if left unchecked, it would lead to trillions of leakage. As pointed out earlier, we are not even sure if these figures are real or just manufactured on paper to take out money.

‘We envisaged at that point that a time would come when the NNPC would come to FAAC and say guys, we need cheque from you to cover for subsidy- not to contribute but to say we are spending more than we are receiving from crude oil. That time has come.

Advertisement

LATEST: Buhari Govt Suspends Petrol Subsidy Removal Over Uprising Threat

“We took a decision to remove subsidy in September 2021. The Minister of Finance also agreed. We agreed that the money from there should be channelled into health, education and infrastructure.

“Even this ASUU problem, we agreed to provide funding for ASUU. The NEC took that decision but the national government failed to implement that decision. Till today, we do not know why this decision taken in 2021 has not been implemented.”

Advertisement

”The governor of Kaduna State received the feedback with gratitude, and commended the fighter crews for their precision and consistency in the aerial missions. Ground and air patrols will continue in these and other locations.”

 

Follow us on Facebook

Comments

comments

Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

Advertisement

Stories you may like

Advertisement