‘How Many Nigerians Have Vehicles, Turbines?’: Presidency Defends Petrol Hike
The Presidency has continued to defend the latest hike in petrol costs, as spokesman Garba Shehu on Friday questioned what number of Nigerians profit from low gasoline costs.
The Buhari administration earlier this yr put in movement plans to chop out gasoline subsidy and decontrol the petroleum downstream sector.
Since then, costs of petrol have fallen, in keeping with a dip in worldwide demand attributed to the coronavirus pandemic.
Nonetheless, in September, the value of petrol went up, sparking outrage amongst many Nigerians.
Some have blamed the federal government for permitting the costs to rise whilst many Nigerians are nonetheless coping with the results of the pandemic.
On Friday, throughout an interview on Channels Tv’s Politics Immediately, Mr Shehu argued that it’s unfair for poor Nigerians to proceed to subsidise the approach to life of city dwellers.
“We belong to a worldwide market system,” Mr Shehu stated. “We’re shopping for, principally, refined merchandise from the worldwide markets.
“Is it truthful that the taxpayer’s cash . . . what number of Nigerians have automobiles anyway? What number of of them run mills of their properties that they want this gasoline for? Is it truthful that the farmer and the herder and all of those low-level individuals in our society, that the taxpayer cash is taken from them and is subsidising the approach to life of our metropolis, city dwellers?
“So the President is simply making an attempt to be as sensible as attainable on this matter.”
Deregulation is the reply
Mr Shehu additionally defended President Muhammadu Buhari’s feedback on Independence day, the place he in contrast the value of gasoline in Nigeria with that obtained in Saudi Arabia.
He stated: “So Saudi Arabia is vital on this dialogue as a result of what’s the technical price of manufacturing a barrel of oil in Saudi Arabia? It’s no more than 1 / 4 of what we spend right here. And but you see that they cost greater than Nigeria. How a lot involves Nigeria? One, you take a look at their technical price. So subsequently Nigerians must be practical.”
He added that it was unwise for the federal government to proceed to find out costs and be an energetic participant within the petroleum business.
Deregulation, Mr Shehu argued, will see an finish to lengthy queues throughout festive intervals.
“Authorities is just not one of the best supervisor of companies; we must always give up them to the market,” he stated.
“We have now executed this with the telecoms; the telecoms are serving the entire nation excellently effectively, and after we do that with petrol, we’ll not have to deal with queues, spending two nights forward of Christmas journey.
“All nations of the world put this factor to the market. We should always not faux.”
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