• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

PANDEF backs fuel subsidy removal

Subsidy

The Matters Press by The Matters Press
June 2, 2023
Reading Time: 2 mins read
0
Nigeria has not taken decision yet on fuel subsidy

Pan-Niger Delta Forum (PANDEF) has expressed support for fuel subsidy removal, even as it called for immediate palliatives to cushion the effects of the removal on Nigerians.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

National Publicity Secretary of PANDEF, Mr Ken Robinson, said this on Thursday at a virtual news conference.

Robinson urged President Bola Tinubu not to be swayed by sentiments being expressed in some quarters but to immediately roll out the palliatives to cushion the hardship which the removal might have on the people.

He said that there was no need for phased subsidy removal, saying that the subsidy regime itself was marred with fraud.

“Fuel subsidy is a serious issue. It has been abused and there is an expression that extreme disease requires extreme cure.

“Fuel subsidy is Nigeria’s economic disease that needs to be eradicated.

“We at PANDEF support the fuel subsidy removal. We advise the Federal Government not to shift ground or postpone its implementation.

“It will just be an evil day postponed because subsidy is a draining pipe of the nation’s resources.

“We understand that the president’s statement during his inauguration that subsidy was gone was not timely, as it should have been announced at a later time after engaging the stakeholders.

“However, we urge the president to stand strong and maintain his position, but create situations that will cushion the effects of the subsidy removal.

“We know there are known things that will follow the removal. For instance, transport cost has risen, food prices will rise and government must immediately bring some initiatives to cushion the hardship,” he said.

Robinson, however, said that the palliatives should be different from those that used to be selective.

“Government should engage stakeholders to put in place palliatives, not the usual palliative that used to be grossly selective in distribution.

“Government should look into sectional interventions; transportation is key and it will affect the prices of food. So government needs to meet with the leadership of road transport workers to stabilise transportation cost.

“Mass transit buses have to come in to convey workers to and fro their places of work. The initiatives that will complement agriculture should also be looked into,” he said.

According to him, subsidy removal is for the benefit of Nigeria and Nigerians.

He, however, advised government to reactivate the non-functional ports across the country, especially in the southern part, to further stabilise pump prices of petroleum products.

Tags: Subsidy
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
FIRS deploys tech platform for tax collection

ECA calls for inclusive tax system to secure SDGs

Blackout hits Nigeria as grid collapses again

Tanzania to end frequent power blackouts in two years

Recommended Stories

NGX, stakeholders set to unfold opportunities in ETFs market

MOFI partners NGX to meet N100trn AUM target

August 15, 2023
Tinubu signs 2024 budget, directs MDAs on performance assessment

Tinubu signs 2024 budget, directs MDAs on performance assessment

January 2, 2024
Japan’s Sumitomo opens third plant in Phnom Penh’s SEZ

FTZ have potential to drive Nigeria’s industrialisation

July 19, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us