An Oyo State Action Congress of Nigeria (ACN) chieftain, Mr Adesoji Akanbi, has described the planned removal of subsidy on fuel as “an elusive solution to a national malady.”
Akanbi spoke while delivering a lecture to mark the 2011 Week of the Nigerian Union of Journalists (NUJ), Oyo State Council.
He spoke on the topic: “Fuel Subsidy Removal: Relief or Anguish for Nigerians?”
Akanbi, who is also the Managing Director/Chief Executive Officer (MD/CEO), Dynasty Airline, said the cost of exploring, producing and marketing a litre of petrol in Nigeria is N31.50K. He said Nigerians should have been buying a litre of petrol a little above that.
He faulted the arguments advanced by the Federal Government, saying such steps in the past have failed to achieve the promises.
Akanbi said President Jonathan should tackle the few people that are milking Nigerians dry through the subsidy and not inflict more pains on Nigerians by removing subsidy.
He advised Jonathan to rebuild the refineries and allow building of more so that the country can refine enough products for local use.
The businessman insisted that the president did not promise subsidy removal during his electioneering campaign and wondered why he was coming up with it after he had been handed over the power to lead the country.
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‘Don’t inflict pains on Nigerians’