N713bn subsidy could have been used to develop infrastructure -–– DAPPMAN

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By Sebastine Obasi

Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN has said that the N713 billion spent by the Federal Government as fuel subsidy in 2018, could have been better used to build hospitals, additional roads to link out farms for easier evacuation of products, as well as complete dam projects for improved power and water supply.

DAPPMAN’s reaction is coming on the heels of the World Bank report which stated that Nigeria spent N713 billion to subsidize fuel consumption in 2018, while the country’s oil sector declined in its productivity, ending on 1.9 million barrels a day (mbd) production mark as against the government’s hope of 2.3mbd.

Nigerian

Speaking on the issue, Olufemi Adewale, Executive Secretary, DAPPMAN, said: “Though I don’t have data on empirical alternatives but surely, N731bn could have been used to build more hospitals to improve health care, build additional roads to link out farms to the cities for faster evacuation of farm…



Vanguard Newspaper