{"id":23110,"date":"2011-12-28T23:30:12","date_gmt":"2011-12-28T23:30:12","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/im-not-against-fuel-subsidy-removal-uba\/"},"modified":"2011-12-28T23:30:12","modified_gmt":"2011-12-28T23:30:12","slug":"im-not-against-fuel-subsidy-removal-uba","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/","title":{"rendered":"I\u2019m not against fuel subsidy removal \u2013 Uba"},"content":{"rendered":"
\n

BY VINCENT UJUMADU
AWKA\u2014 CHAIRMAN and chief executive of Capital Oil, Chief Ifeanyi Uba, has debunked insinuation in some quarters that he was among\u00a0 beneficiaries of the oil subsidy who were opposed to the Federal Government\u2019s planned removal of subsidy, insisting that he was, indeed, in support of the removal.<\/p>\n

In an interview with newsmen, Uba argued that the removal of subsidy would liberalize the market and ensure a broad-based participation by those interested in the business.<\/p>\n

He explained that as a major stakeholder who had invested in the industry, it was not by narrowing the participation that would make him recover his investment, but by ensuring that\u00a0 petroleum products were available at all times and at a price every Nigerian could afford.<\/p>\n

Uba, whose company currently distributes Kerosene at N50 per liter in the six geo-political zones of the country, accused some people of deliberately sabotaging every effort to ensure that the product got to Nigerians at the official pump price of N50.<\/p>\n

He said: \u201cKerosene is a product of NNPC and as stakeholders, we have been given at at N40.90 for people to sell at N50 per litre. But unfortunately, some people have been inflating the price.<\/p>\n

\u201cI want to make it clear that I am not one of those who divert the product. Rather, we are currently distributing the product in all states of the federation and so far, we have covered about 60 percent of the country.\u201d<\/p>\n<\/div>\n

Comments are moderated. Please keep them clean and brief.<\/p>\n<\/p>\n

See original article:
\nI\u2019m not against fuel subsidy removal \u2013 Uba<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

BY VINCENT UJUMADU AWKA\u2014 CHAIRMAN and chief executive of Capital Oil, Chief Ifeanyi Uba, has debunked insinuation in some quarters that he was among\u00a0 beneficiaries of the oil subsidy who were opposed to the Federal Government\u2019s planned removal of subsidy, insisting that he was, indeed, in support of the removal. In an interview with newsmen, Uba argued that the removal of subsidy would liberalize the market and ensure a broad-based participation by those interested in the business. He explained that as a major stakeholder who had invested in the industry, it was not by narrowing the participation that would make him recover his investment, but by ensuring that\u00a0 petroleum products were available at all times and at a price every Nigerian could afford. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23110","post","type-post","status-publish","format-standard"],"yoast_head":"\nI\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"I\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"BY VINCENT UJUMADU AWKA\u2014 CHAIRMAN and chief executive of Capital Oil, Chief Ifeanyi Uba, has debunked insinuation in some quarters that he was among\u00a0 beneficiaries of the oil subsidy who were opposed to the Federal Government\u2019s planned removal of subsidy, insisting that he was, indeed, in support of the removal. In an interview with newsmen, Uba argued that the removal of subsidy would liberalize the market and ensure a broad-based participation by those interested in the business. He explained that as a major stakeholder who had invested in the industry, it was not by narrowing the participation that would make him recover his investment, but by ensuring that\u00a0 petroleum products were available at all times and at a price every Nigerian could afford.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"I\u2019m not against fuel subsidy removal \u2013 Uba\",\"datePublished\":\"2011-12-28T23:30:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\"},\"wordCount\":268,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\",\"name\":\"I\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-12-28T23:30:12+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"I\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/","twitter_card":"summary_large_image","twitter_title":"I\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com","twitter_description":"BY VINCENT UJUMADU AWKA\u2014 CHAIRMAN and chief executive of Capital Oil, Chief Ifeanyi Uba, has debunked insinuation in some quarters that he was among\u00a0 beneficiaries of the oil subsidy who were opposed to the Federal Government\u2019s planned removal of subsidy, insisting that he was, indeed, in support of the removal. In an interview with newsmen, Uba argued that the removal of subsidy would liberalize the market and ensure a broad-based participation by those interested in the business. He explained that as a major stakeholder who had invested in the industry, it was not by narrowing the participation that would make him recover his investment, but by ensuring that\u00a0 petroleum products were available at all times and at a price every Nigerian could afford.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/"},"author":{"name":"","@id":""},"headline":"I\u2019m not against fuel subsidy removal \u2013 Uba","datePublished":"2011-12-28T23:30:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/"},"wordCount":268,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/","url":"https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/","name":"I\u2019m not against fuel subsidy removal \u2013 Uba - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-12-28T23:30:12+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/12\/28\/im-not-against-fuel-subsidy-removal-uba\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/23110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=23110"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/23110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=23110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=23110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=23110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}