Oil Subsidy: We Stand With Buhari – CNPP | Independent Newspapers Limited
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Oil Subsidy: We Stand With Buhari – CNPP

Posted: Jul 16, 2015 at 1:36 am   /   by   /   comments (0)

By Ifeoma Ononye  –  Lagos


Conference of Nigerian Political Parties (CNPP) has commended President Muhammadu Buhari, GCFR, on his unwavering resolve to handle with care the contentious issue of Oil Subsidy.

In a statement signed by the National Publicity Secretary, CNPP, Osita Okechukwu the group said that they have pledged their support to the president’s resistance to all manner of temptation to remove oil subsidy.

The statement commended President Buhari’s statement which was reported recently.

Osita Okechukwu

Osita Okechukwu

The president had said: “I have received much literature on the need to remove subsidies, but much of it has no depth.

“When you touch the price of petroleum products, that has the effect of triggering price increase on transportation, food and rents. That is for those who earn salaries, but there are many who are jobless and will be affected by it.”

He further stated that the group was of the candid view that President Buhari has the political will to plug most of the leakages, scams and unbridled corruption which enveloped the Oil Subsidy, a supposedly pro-people initiative.

“Removing the Oil Subsidy, for us, is like throwing away the baby and the bath water; as records clearly show that the fantastic figures gazetted by the Nigerian National Petroleum Corporation (NNPC ) and its agencies in the last five years cannot stand the test of genuine forensic audit.”