Rivers
Group Lists Measures To Address Subsidy Removal
As controversy continues to surround the issue of fuel subsidy removal, a non governmental organisation, Niger Delta Youth Coalition (NYDYC) says only healthy competition among the government and private investors in the refining and importation of petroleum products would ensure lasting solution for the problem.
NDYC national coordinator, Prince Emmanuel Ogba who made this assertion Friday in an interview with newsmen in Port Harcourt lined the present problem to petroleum products pricing inefficiency and high level of corruption in the Nigeria National Petroleum Corporation (NNPC) and the inability of the nation’s refineries to operate at acceptable capacity. He blamed the Federal Government for being selective in allowing few Nigerians to import refined petroleum products. The body opined that repairing the old refineries no longer makes sense as that strategy had gulped billions of Naira, adding that building of brand new refineries by the government and coming on stream of private investors in the sector would help improve condition in the sector.
The NDYC national co-ordinator cited the telecommunications industry as one where business liberalisation led to competition which brought down call rate of N60,00 per minute to less than N20.00 as more competitors came into the business.
On the recently sacked board of the Niger Delta Development Commission, (NDDC), Ogba said the dissolution was a good idea by the Federal Government but added that only indicted members of the board should be sanctioned while innocent ones be reappointed or re-engaged in other positions since punishing both guilty and innocent ones was unfair.
The body expressed dissatisfaction over the inability of the Federal government, States and oil companies to pay their counterpart funds stressing that the wrong attitude has denied the commission the fund needed to meet its obligations to the region.
On the amnesty programme, Prince Ogba said his group was disappointed over the way and manner the programme was being implemented.
Chris Oluoh
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