Thursday, January 12, 2012

Why The Nigerian Government Will Not Go Back On The Removal Of Fuel Subsidy.......Petroleum Minister


The Nigerian Minister of Petroleum  Mrs Diezani Alison-Madueke,  gave reasons yesterday on NTA why the government would not revert to the old fuel price of  N65 per litre.

According to the minister, it will be difficult to ensure zero smuggling of fuel at Nigeria’s borders and insisted that even more advanced economies like the United States have been unable to achieve this.

According to her, Nigeria’s fuel price without the subsidy remains low compared to other countries stating  that fuel prices in Chad, N210; Ghana, N175; Niger, N181; Benin Republic, N167 and Morocco, N198 are still alot higher than that of Nigeria.


“People want us to fight the oil cabal and yet they don’t want us to remove subsidy, which is the main cause of corruption in the sector. We can’t fight corruption in the downstream sector with our hands tied......................we have only one country, one Nigeria. We want to leave a legacy for us to be remembered for in future. We want to ensure that we can look back after the next three years and say we managed well the temporary pains that came with the removal of fuel subsidy,” .

Can someone please tell her that things work in countries like Morocco and Ghana and there should be no basis for comparison.  *SMH*