Fuel Subsidy Removal, A Welcome Development Says NUPENG And PENGASSAN

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The National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) lauded the Federal Government’s decision to remove fuel subsidy. The top oil and gas unions expressed their support during a press conference in Calabar. NUPENG President, Comrade Igwe Achese who addressed journalists on behalf of the unions, said the removal of the subsidy by the Federal Government is necessary to curb corruption and increase transparency in the oil and gas sector.

“The deregulation of the sector is what we have been agitating for, for the past eight years or more. But each time we want to react, Nigerians want to live on the bedrock of lies. And that has been our problem. We have been living on the bedrock of lies. Successive governments come in, what we hear are full of lies. The oil and gas sector must have transparency and it is only when it is transparent that the nation’s economy will beginning to grown and job opportunities would be created.”

“For us our clear position is that the deregulation of the sector and opening of the market is a welcome development. Someone ask me about the price whether it is not too high and I say the price is a secondary issue. The most important thing is that government has come up with a firm stand that would stop payment of subsidy into the hands of few Nigerians. That is the first thing Nigerians must appreciate. It was tried by the past administration and I know what happened. It was politicized. Some members of the political lines took over these issues as if it was their bed right to continue milking the nation’s purse.”

“It is clear that we must deregulate and stop payment of subsidies into the hands of few Nigerians. We must not mortgage the nation’s economy into the hands of few Nigerians. We must open up the system and see how we can now talk about regulation.  The key fundamental issue in the issue of this price modulation is regulation. And putting in place the necessary checks and balances that can control the price environment as it is,” Achese said.”

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