RingTrue By Yemi Adebowale Phone 08054699539 Email: yemi.adebowalethisdaylive.com The lies and fraud around removal of subsidy on petroleum products are endless. Hapless Nigerians are paying heavily for these. One
The lies and fraud around removal of subsidy on petroleum products are endless. Hapless Nigerians are paying heavily for these. One of the deceits is that the landing cost of petrol is now N408 per litre. This is according to the Nigerian National Petroleum Company Limited , the sole importer of petroleum products. If you believe this, you will believe anything. NNPC brings in products through its opaque crude-for-fuel swap, now known as Direct Sale, Direct Purchase .
Crude swap must end. NNPC’s monopoly on petrol supplies must also end. Private firms should be allowed to immediately join NNPCL in importing petroleum products, pending when Dangote and Port Harcourt refineries will start producing. What about government stories that savings from removing subsidy will go into development projects? Immense lies! Savings from previous subsidy removals hardly impacted on this country. Our inept leadership siphoned almost everything. This is why beloved Nigeria remains in a tattered state, with infrastructures in a big mess. It is one of the reasons Nigeria is now the poverty capital of the world. We now have the largest number of people living under poverty.
Terrorists killed four and beheaded two persons in Rivers on May 29, while on May 30, they killed a vigilante leader and 24 others in Zamfara State. On May 30, terrorists killed a man and kidnapped his wife, and four kids in Kaduna State. Also, on May 30, they killed six persons in Rivers communities, while on May 31, gunmen in camouflage attacked a farm in Ogun State, killing three people.
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