NGO calls for Senate firmness on subsidy removal on petrol.

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The Integrity Youth Alliance, a Civil Society Organisation has said that the Senate leadership should be decisive on the proposed removal of subsidy on Premium Motor Spirit (PMS) popularly called Petrol.

It said that footdragging on the subsidy removal was akin to postponing the obvious when the nation’s oil corporation had become true business conglomerate expected to make returns to shareholders.

Mr Adewole Kehinde, the Board Chairman of the Group, in a statement on Wednesday said that the Petroleum Industry Act (PIA) had already made fuel subsidy payment an issue of Law.

Recalls that the Senate President on Tuesday while speaking to newsmen had assured Nigerians that petroleum subsidy would not be removed for now.

According to him, President Muhammadu Buhari has not authorised anybody to remove fuel subsidy as speculated in social and conventional media outfits.

The board chairman, however, noted that  the Petroleum Industry Act did not make provision for subsidy…



Source: News Agency of Nigeria