President Muhammadu Buhari plans to totally remove fuel subsidy and use
the proceeds for the provision ofFREE and compulsory primary/secondary
education across the country.
The administration is also said to be working on unbundling the Nigerian
National Petroleum CORPORATION, NNPC, to make it more efficient in the
production and delivery of products to Nigerians.
These proposals FORM part of the strong recommendations made by the
transition committee raised by Buhari to work out a blueprint for his
administration.
Asked if the proposal for TOTAL subsidy removal had been discussed with
labour, the source said that members of organized labour in the country were
consulted by the committee and they made presentations on what should be done
over the matter.
The source said: “Labour is part of the decision; they have accepted
the proposal of fuel subsidy removal.
“A committee is likely to be set up by the federal government to work
out the modalities of what is to be done in that respect.
“But the truth is that total removal of fuel subsidy has been
recommended with adequate provisions for palliatives on FREE education and
SOCIAL WELFARE for the unemployed”, a member of the transition committee said.
The source pointed out that unlike in the past, the Buhari
administration is considering the provision of free meals for students to serve
as incentives for them to enroll in school.
The source explained that the committee also recommended the unbundling
of NNPC to reposition the AGENCY to serve the needs of Nigerians better.
According to him, all refineries in Nigeria are to be made to work at
maximum capacity by the federal government to be able to deliver adequate
products to the consumers.
Corruption
He said that the era of allocating more crude than any refinery in
Nigeria can process was over, as it was discovered that the policy encouraged
corruption and diversion of funds.
In a tone that suggested that the Buhari administration might probe the
operations of the NNPC, the committee member further disclosed that the federal
government was set to block all channels ofFUND leakages in the corporation.
He said: “The federal government is keen on plugging all areas of
leakages in the corporation and whoever must have caused them must be made to
account for such unpatriotic wastages. We don't know whether that is what you
call probe or not”, he said.
It could not be ESTABLISHED as at last night whether such decisions of
the officials were influenced by the planned beaming of search light on the
operations of the government agency.
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