President Bola Ahmed Tinubu has directed the National Economic Council (NEC) led by Vice President Kashim Shettima, to start the method of engaged on interventions to cushion the influence of subsidy elimination on Nigerians.
This is even because the unbiased main oil entrepreneurs have pledged to donate no fewer than 100 excessive capability buses to the federal authorities for mass transit operations.
The cheering information was dropped by the Governor of Ogun State, Dapo Abiodun, who led the representatives of some main oil entrepreneurs on a courtesy go to to President Tinubu on the Presidential Villa, Abuja on Wednesday.
Addressing State House correspondents after the closed door assembly, Abiodun mentioned the entrepreneurs have been within the Presidential Villa to specific solidarity with the President for his daring resolution to finish the subsidy regime.
He famous that Tinubu’s motion confirmed his willpower and braveness to take away the hermorage that had bedeviled the nation for many years.
The governor mentioned that whereas there could be some discomfort on the a part of the folks, the transfer would ultimately repay as there could be no features with out ache.
Also talking on the briefing, spokesperson of the foremost oil entrepreneurs, Dame Winifred Agbani mentioned the courtesy go to was to specific their pleasure for the elimination of gas subsidy, including that they’ve waited for too lengthy for the elimination of subsidy on petroleum merchandise to occur.
According to her, Nigeria has already spent in 5 months over N2 trillion on subsidy and by 12 months’s finish will spend over N6.7 trillion mark, mentioning that the nation can not maintain it anymore.
She revealed that the entrepreneurs are conscious that the elimination of subsidy will harm Nigerians within the quick time period however will profit the plenty in the long term.
She due to this fact introduced the intention of the foremost oil entrepreneurs to donate 50 to 100 mass transit buses as a method to assist the success of the initiative, hoping that different nicely that means company our bodies can do the identical.
Those who got here with Agbani, who’s the Chairman of North West Oil and Gas Ltd are Raymond Ogbeche of Rain Oil Limited; Chris Igwe, OFR of Mainland Oil and Gas Ltd and Chairman of MOMAN.
