Naija Talk community

Ghana Lotto Results, F-t-a Satellite Technology, Sport forcast, ICT forum.
 
HomeHOMEFAQSearchMemberlistRegisterUsergroupsLog in

Share | 
 

 Reps oppose removal of fuel subsidy

View previous topic View next topic Go down 
AuthorMessage
eddyvic
Expert
Expert
avatar

Sex : male
Posts : 4482
Location : Abk

PostSubject: Reps oppose removal of fuel subsidy   2015-05-05, 18:32

First topic message reminder :


The House of Representatives on
Tuesday opposed calls for the total
removal of subsidy on petroleum
products.
Rather, lawmakers asked the
incoming administration of Gen.
Muhammadu Buhari ( retd), to
sustain the subsidy regime.
A motion seeking the removal of
subsidy as a permanent solution to
perennial scarcity, failed in a
majority voice vote on the floor of
the House.
The present administration of
President Goodluck Jonathan
had voted N145bn for subsidy in the
2015 budget, a slash from the
N970bn appropriated for subsidy in
2013 and 2014.
Out of the N145bn, subsidy on
petrol is N100bn, while the balance
of N45bn is for kerosene.
There have been speculations that
the cut in subsidy is part of the
government’s plan to remove
subsidy completely, had Jonathan
won his re-election bid.
Also, there have been calls on
Buhari since he won the election to
remove subsidy when his
government is inaugurated on May
29.
The sponsor of Tuesday’s motion,
Mr. Karimi Sunday, supported the
removal of subsidy, as he argued
that the policy had been abused.
Sunday, a Peoples Democratic Party
member from Kogi State, stated
that only a “few persons” enjoyed
the subsidy, while the Nigerian
masses the policy was meant to
help, never got products at
subsidised prices.
He argued that the industry should
be fully liberalised to allow
investors import products on their
own without waiting to abuse the
subsidy regime.
He cited the endless queues at
filling stations across the country in
a subsidy regime and a booming
black market as evidence that the
policy had been abused.
“Petrol is sold for N150 per litre,
depending on where it is available,
as against the official price of N87.
”Young men and women have
taken to fuel hawking as a quick
money-making venture.
”The administration of Buhari
should be courageous enough to
abolish subsidy,” he stated.
Sunday also noted that the removal
of subsidy would address the resort
of marketers to hold the country to
ransom over subsidy claims.
But, the session, which was
presided over by the Deputy
Speaker, Mr. Emeka Ihedioha,
rejected the motion.
When he put the motion to vote, it
was defeated in a majority voice
vote.
Back to top Go down
View user profile

AuthorMessage
Dafez
Amateur
Amateur


Sex : Male
Posts : 448
Location : ikoyi

PostSubject: Re: Reps oppose removal of fuel subsidy   2015-05-08, 21:32

nawaoo 4 naija oo
Back to top Go down
View user profile
irondehero42
Senior
Senior
avatar

Sex : male
Posts : 947

PostSubject: Re: Reps oppose removal of fuel subsidy   2015-05-08, 22:49

It may help in some way
Back to top Go down
View user profile
eddyvic
Expert
Expert
avatar

Sex : male
Posts : 4482
Location : Abk

PostSubject: Re: Reps oppose removal of fuel subsidy   2015-05-09, 19:10

Help ke ?
Back to top Go down
View user profile
Sponsored content




PostSubject: Re: Reps oppose removal of fuel subsidy   

Back to top Go down
 
Reps oppose removal of fuel subsidy
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Naija Talk community :: General :: News-
Jump to: