Nigerians fear the price of petrol may hit as much as N1,800 per litre should the Federal Government completely remove subsidy on the product. This comes after the Chairman of Dangote Group, Aliko Dangote told the Nigerian Government to end the fuel subsidy regime.
Dangote said fuel subsidy would lead to the Nigerian government “paying what they are not supposed to be paying,” hence the need to end it. However, concerned Nigerians have cautioned the Federal Government against taking such a decision, which they said would further worsen the hardship in the country.
recalls that from 29th May, 2023, when President Bola Ahmed Tinubu took over power till the month of September, there has been an astronomical increase in the price of petrol. Concerned citizens, however, fear that complete subsidy removal would further shoot up the price of the commodity. It has been reported that though Tinubu announced that the subsidy was gone, the government has been partially subsidizing the commodity.
, Jonah said, “for us in the Civil Liberties Organisation, we have always said that the greatest benefit of the ordinary Nigerian, if there is any other benefit, is subsidy, which the government is shouldering. “Government is not one person; subsidy is the only thing everybody will benefit from. Subsidy should not even be partial, it should be totally restored and 100 percent borne by the government. “That is the only derivative the ordinary man can get from the government.
that it would be unthinkable for the government to consider any further increment of petrol price. He said, “the government should not consider any further increment in the price of petrol”, stressing that “we should solve our problems locally here and stop talking about what is happening in the international market. “This is a product we produce here, yet there is too much secrecy about it.
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