Nigerians To Gain From Fuel Price Hike

The Federal Government has said its decision to partially deregulate the downstream sector of the petroleum sector would free up funds for several programmes that would have significant impact on the lives of Nigerians.

“The first is the employment of 500,000 unemployed graduates, the second is the employment of 100,000 non graduates, technicians and artisans. The third is the one meal a day programme targeting 5.5 million pupils all over Nigeria. This is the most exciting of all our programmes. Even if we are going to give these children one egg a day, it means we will need 5.5 million eggs and in a calendar year of 200 days, we will need over a billion eggs. You can imagine what this will do to agriculture,” Information Minister Lai Mohammed said yesterday, when a federal government delegation, led by the Secretary to the Government of the Federation, David Babachir Lawal, met with members of the National Working Committee and State Executive Committees of All Progressives Congress (APC) in Abuja.

“We have the enterprise scheme which is a system of revolving loan. We are targeting one million market women and men, 460,000 artisans and technicians and 200,000 agricultural workers to be given loans through their cooperatives to start their own businesses. We have the N5,000 conditional cash transfers to one million most vulnerable Nigerians as a first phase. Then finally, we have bursaries, scholarships for all students in Nigeria studying science, technology, engineering and mathematics,” he added.

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APC, fuel price hike, Lai Mohammed, nigeria

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