The subsidy removal process is not new. Instituted in the Petroleum Industry Act of 2021, it was designated to be phased out by the following year.
The level of preparation was Low and that is what has led us to this moment. The federal government is in debt and subsidy is unsustainable.
Here is how to make sense of the entire debacle. Understand the nitty gritty of what the oil subsidy removal entails.
Meaures are already in place by way of legislation to ensure they that the market is fair. No single player can hold more than 30% of the market while innovative measures are underway to incorporate Autogas as a suitable substitute to Petrol.
We will take away queues from our petrol stations and ensure fair market for all users in the country.
We will grow the economy, the first call is to kick out subsidy.