Presidency Insists Nigeria Cannot Move Forward Without Removal Of Fuel Subsidy

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Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

Jnanthan-pib-DiezaniThe Special Adviser to the President on Political Matters, Alhaji Ahmed Gulak, on Friday said that the quick passage of the Petroleum Industry Bill (PIB) would create an enabling environment for the sector.

Gulak told the News Agency of Nigeria (NAN) in Abuja that there must be complete deregulation of the oil sector if Nigeria must move forward.

He said, “There must be complete deregulation of the oil sector if Nigeria must move forward; without complete deregulation, private investors will not come to build refineries.

“As long as the subsidy regime is in place, we will always have problems. Our petroleum sector will not be developed; private investors will not bring in foreign investment to build the refineries.”

According to him, indigenous investors are not willing to build refineries, if they can go and import petroleum products and be paid subsidy by the government.

“So, if we want development in that sector; if we want availability of the product; if we want to add value to our crude oil, then we must deregulate the sector,” he said.

On the state of Nigerian roads, the special adviser said the roads were dilapidating faster due to the overuse.

He told NAN that pressure on the roads would significantly reduce once the rail system being planned by the government became functional.

The special adviser urged Nigerians to support the Transformation Agenda of President Goodluck Jonathan to ensure rapid growth and development of the country, create jobs and tackle insecurity.

He advised Nigerians to allow political parties in the country to grow along democratic lines, adding that it would be one way of delivering the dividends of democracy.

He also appealed to Nigerians to uphold justice for the development and sustenance of “true democracy” in the country.

According to him, true democracy will uplift and sustain the integrity of the nation with equity, fairness and justice in place. (NAN)

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  1. Ahmed Gulak advise is full of wisdom ….. Men lik GEJ will hear but will not listen neither take actions… May God help him

  2. What’s wrong with this God-forsaking President of ours, he doesn’t want 2 know about our comfort at all, its increment all d time. PHCN has continuing 2 increase tarrif (even if we dont have light), domestic has also gone, n they talking about fuel subsidy. I don’t blame him n his cohorts, they kuku don’t pay 4 anything. But he should endeavour 2 remember dat there was a time he said he didn’t have shoe. Furthermore, he should remember dat one day he would have 2 give account of his steward, if not 4 man, he’d surely account it b4 God, no doubt.

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