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Sanusi Lamido Sanusi - why I support the removal of fuel subsidy

 

Presidential Address On The Implementation Of The Deregulation Policy In The Downstream Sector Of The Petroleum Industry, Sunday, January 15, 2012


 

National Broadcast On The Deregulation Of The Downstream Petroleum Sector By President Goodluck Jonathan -

7th January 2012


PRESS STATEMENT BY PETER EKEKWE, EXECUTIVE DIRECTOR GARDEN CITY LEADERSHIP INITIATIVE

The Announcement of the full deregulation of the oil sector has generated so much heat, that it is important to call for caution. Nigerians have gotten so used to buying fuel at subsidized rates that it was natural to equate deregulation with withdrawal of subsidy.

By withdrawing subsidy, Government is simply saying that it is time the forces of demand and supply control the oil market; it is time people pay the real price of what they consume.  read full text


 

POST SUBSIDY REMOVAL:

FG SET TO EMBARK ON COST CUTTING WITHIN IT'S RANKS


FUEL SUBSIDY

Tam David West Crude Facts Vs Verifiable Facts

 

YOU ASKED WHAT THE SUBSIDY MONEY WILL BE USED FOR;

HERE’S THE ANSWER:FUEL SUBSIDY REINVESTMENT AND EMPOWERMENT PROGRAMME

Following the removal of subsidy on PMS aka Premium Motor Spirit, the Federal Government of Nigeria (FGN) is setting up a mechanism to ensure that these additional resources are channeled into high impact and visible programmes that will benefit all Nigerians, and especially target the poor and most vulnerable in the country.  .(Read full details here)

 

An analysis of cost Savings, economic and developmental benefits of subsidy removal -download


 

 

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