The National Economic Council {NEC} met yesterday and endorsed the removal of fuel subsidy, with scant regards to the monumental corruption unveiled at the Senate Joint Committee on Fuel Subsidy Management, nor the attendant spiral inflation on goods and services which the removal will surely engender and hence the unimaginable pains the removal will visit on the citizenry. It is our considered view that NEC got it wrong.
Conference of Nigerian Political Parties {CNPP} therefore is alarmed that the NEC had at the expense of the 99% of Nigerians paged with the train of desperation, insensitivity and sheer deafness to public will, which herald and govern President Goodluck Jonathan’s inordinate resolve to remove fuel subsidy. It is very dangerous and portends danger to our fledgling democracy.
We are pained over the paradox of their submission, speaking on behalf of NEC, the governor of Anambra State, Peter Obi said, ‘it is a case of inevitability, considering the level of present level of debt portfolio of the Federal Government and the continuous funding of it’.
It is painful and awful that NEC did not query such huge subsidy debt which rises on daily basis and we are yet to locate in their statement, where they called for the prosecution of those who made the NNPC a cash cow, who over the years sell 65, 000 barrels of crude oil per day for themselves; hence could not account for over $10 billion.
We disagree with the Managing Director of NNPC when he said that, ‘subsidy by implication is very easy to abuse because you are carrying the risk on behalf of others and as a policy. It is not good for the economy’.
President Jonathan instead of waging the war against the cabal who loot our Oil resources, personalize the NNPC, and pauperize the citizenry is deploying all manner of uncanny lobbying, and waste of public funds on advertisement to force the removal.
We to assure Nigerians that we will also deploy all legal means to resist the removal, until the cabal who benefit from the monumental corruption which made the subsidy to rise in 2006 from N261bn, 2007-N279billion, 2008-N648billion, 2009-N422billion, 2010-N622billion to 2011-N1.4trillion are prosecuted.
Finally, if President Jonathan lacks the political will to recover and restore sanity in the NNPC; he should resign and save our democracy. Is it not shameful that we are importing refined fuel from Cote d’ivoire?
Osita Okechukwu
National Publicity Secretary
CNPP
Conference of Nigerian Political Parties {CNPP} therefore is alarmed that the NEC had at the expense of the 99% of Nigerians paged with the train of desperation, insensitivity and sheer deafness to public will, which herald and govern President Goodluck Jonathan’s inordinate resolve to remove fuel subsidy. It is very dangerous and portends danger to our fledgling democracy.
We are pained over the paradox of their submission, speaking on behalf of NEC, the governor of Anambra State, Peter Obi said, ‘it is a case of inevitability, considering the level of present level of debt portfolio of the Federal Government and the continuous funding of it’.
It is painful and awful that NEC did not query such huge subsidy debt which rises on daily basis and we are yet to locate in their statement, where they called for the prosecution of those who made the NNPC a cash cow, who over the years sell 65, 000 barrels of crude oil per day for themselves; hence could not account for over $10 billion.
We disagree with the Managing Director of NNPC when he said that, ‘subsidy by implication is very easy to abuse because you are carrying the risk on behalf of others and as a policy. It is not good for the economy’.
President Jonathan instead of waging the war against the cabal who loot our Oil resources, personalize the NNPC, and pauperize the citizenry is deploying all manner of uncanny lobbying, and waste of public funds on advertisement to force the removal.
We to assure Nigerians that we will also deploy all legal means to resist the removal, until the cabal who benefit from the monumental corruption which made the subsidy to rise in 2006 from N261bn, 2007-N279billion, 2008-N648billion, 2009-N422billion, 2010-N622billion to 2011-N1.4trillion are prosecuted.
Finally, if President Jonathan lacks the political will to recover and restore sanity in the NNPC; he should resign and save our democracy. Is it not shameful that we are importing refined fuel from Cote d’ivoire?
Osita Okechukwu
National Publicity Secretary
CNPP
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