The Federal Government should not go back on its decision to halt subsidy on Premium Motor Spirit, popularly called petrol, despite the opposition against the move, the Nigeria Extractive Industries Transparency Initiative stated on Tuesday.
“So the removal of subsidy will remove a lot of opacity and suspicion in budgeting based on estimates. That is why subsidy removal is a very fundamental policy shift that needs to be sustained.”
“We just need the impact of this subsidy removal to reflect in the improvement of the general well-being of Nigerians and in our social infrastructure,” he stated. “The savings from this subsidy should be visibly impactful in the lives of NIgerians, and that is where all of us must take responsibility. NEITI has a responsibility working with the media in this direction.”
He said the documentation was being done in an annual progress report or through other means as might be agreed by the Multi-Stakeholders Group.
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