FG Will Not Remove Oil Subsidy “In The Nearest Future”-Okupe



OkupeSenior Special Assistant to the President (Public Affairs), Dr Doyin Okupe has said that the Federal Government will not remove oil subsidy “in the nearest future.”

Okupe in a statement posted on facebook said ,“Contrary to the speculation in the media and assumption by certain groups within the polity, we wish to state categorically that, the removal of oil subsidy is not on the table of the Transformation Agenda of the President.

He added that “The statement made by President Goodluck at the recent Economic Summit held in was a frank, intellectual and well articulated contribution by the President to the discussion on the Nigerian at the said Summit, and it was a honest and sincere leadership perspective.

Okupe said it is an undeniable fact that every responsible leadership, genuine stakeholder and patriot must be worried a spends about N1 Trillion, an equivalent of about 20% of the National Budget, on subsidy paid out to a few Companies and enjoyed in the main by very few elites, the common man benefits minimally.

Okupe subsidy“However, it is an incontrovertible fact that sufficient allocation for fuel subsidy has already being made in the 2013 budget; therefore, is no cause for alarm on removal of subsidy. The President and administration are not insensitive to the plights of the Nigerian Masses and will continue to pursue and execute policies and programmes that are in the overall interest of majority of Nigerians and that will bring the greatest good to the greatest number of our teeming population.

’s aide said “Finally, for the avoidance of doubt and at the risk of being repetitive, administration is not considering the issue of removal of fuel subsidy in the nearest future and certainly will not on any such programme without extensive consultations and engagements across the various segments, interests and stakeholders in the Nigerian polity.”

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