The Federal Government, on Tuesday, said that it had spent so much in subsidising the Premium Motor Spirit, popularly petrol, confirming The PUNCH’s investigative report on the huge fuel subsidy spending by the current regime.
“Also, you now have competition within that sector. So, as a country, it is necessary that we ensure that energy is affordable for our citizens. When energy is affordable to our citizens, then we are able to fulfill part of the Sustainable Development Goals.”
On his part, the President, ACCI, All-Mujtaba Abubakar, said energy security was the uninterrupted availability of energy sources at an affordable price which had many aspects. He added, “Nigeria has been pursuing energy transition in order to promote economic growth and is gradually investing in renewable energies; primarily solar, in order to reduce carbon emissions whilst continuing to exploit hydrocarbon resources, especially natural gas, the energy transition fuel for Nigeria.
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