Senator-elect: Removal of petrol subsidy will facilitate investment in infrastructure, human capital | TheCable fuelsubsidy
Ede Dafinone, senator-elect for Delta central senatorial district, says the removal of petrol subsidy will facilitate investments in infrastructure and human capital by the federal government.
In a statement on Thursday, the senator-elect said Nigerians should look at the brighter side of the policy as the federal government would be able to invest in other sectors of the economy. “Whilst I congratulate Alhaji Aliko Dangote for the success of the refinery project, the fact remains that the impact of the Dangote refinery selling its products in the Nigerian market would be marginal in terms of the cost of fuel at the pumps in Nigeria.
“The Dangote refinery is billed as an export refinery, and needs to sell its products at competitive prices to enable them to pay back facilities from international and local lenders.
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