Metro
Leave subsidy alone, Reps scream
The House of Representatives on Tuesday opposed the total removal of subsidy on petroleum products, and called on the incoming administration of the President-elect, Muhammadu Buhari, to sustain the subsidy regime.
A motion seeking the removal of subsidy as a permanent solution to the perennial fuel scarcity failed in a majority voice vote on the floor of the House.
President Goodluck Jonathan had voted N145bn for subsidy in the 2015 budget, a slash from the N970bn appropriated for subsidy in 2013 and 2014. Out of the N145bn, subsidy on petrol is N100bn, while the balance of N45bn is for kerosene subsidy.
There has been speculation that the cut in subsidy is part of the government’s plan to remove subsidy completely had Jonathan won his re-election bid.
Also, there have been calls and counter-calls on Buhari since he won the election to remove subsidy on petroleum products after the inauguration of his administration.
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Apachee zooma
May 6, 2015 at 7:51 am
We just dey postpone the evil day. Make una continue.
Jedimaster
May 6, 2015 at 8:09 am
House of reps. Who are they representing? When oyinbo men yab Africans, we shouldn’t complain, they can’t even come up with laws that help insulate the economy from fluctuating oil prices. The question is…was there really subsidy in the first place?
Swagtyt
May 6, 2015 at 8:36 am
we are not co-ordinated in this country….the are reping the devil….evil men!!
Don Lucassi
May 6, 2015 at 8:36 am
We dont want subsidy jo…Its always been a scam and will always be. We will survive without it. Hopefully the gains from it would be used to better the country in infrastructure development or education. Pls not security though, cos thats another scam.
Apachee zooma
May 6, 2015 at 11:25 am
On point Luccassi. Scam everywhere!
billion$
May 6, 2015 at 1:23 pm
subsidy or no subsidy,pls just make life easy for the masses dats all..