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Civil society plans confab on fuel subsidy removal

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Civil society plans confab on fuel subsidy removal
Civil Society Coalition for Economic Development, CSCED on Thursday disclosed plans to organise a conference on fuel subsidy removal in the country.
The Coalition which comprised of 82 groups said at a press conference in Abuja that they were committed to pushing for subsidy removal as well as engaging other stakeholders in some sectors of the economy to see reasons with government on need to lay fuel subsidy payment to rest.
Convener of the group, Comrade Yusuf Dan Maitama explained that the conference, themed: “Subsidy removal and the future of Nigeria’s economy”, would be held next week Tuesday and Wednesday in Abuja and Lagos, respectively.
Dan Maitama disclosed that the conference would feature world class resource persons in oil and gas sector in order to refocus its activities to secure the nation’s resources for its critical mass rather than private pocket benefactors.
He, therefore, maintained that there were no better time for total removal of fuel subsidy than now, given the economic challenges the nation was going through.
The convener lamented that fuel subsidy regime which had been in place for the past 20 years has enriched few individuals and denied citizens of what was supposed to be a collective wealth, adding that moves by the present administration to end the subsidy regime was the right step.
Citing further reasons for the conference, the Coalition posited that the Nigeria National Petroleum Limited’s commitment to implementing policy that ensures total removal should be supported at all cost.
“The fuel subsidy regime has in the last 20 years done more harm than good to the economy of the nation and it appears Nigeria is the only country in the world that has fuel subsidy regime in place.
“We have slated a conference for February 2022 and we are going to assemble top class oil experts to speak on reasons fuel subsidy regime should be put to rest,” the convener stressed.
It would be recalled that the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed had recently disclosed to the Senate Committee on Finance that the federal government would offer N5,000 transport grant to Nigerians to cushion the effect of fuel subsidy removal in 2022.
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