P
ProfRem
Guest
Chief John Odigie-Oyegun, the National Chairman of the All Progressives Congress (APC) has appealed to the Nigerians, the labour unions and other civil society groups to understand the situation that has led to the deregulation of fuel prices.
Chief Odigie-Oyegun, who made the appeal yesterday at the party’s National Secretariat in Abuja while speaking with journalists, said:
- The subsidy regime had become so intensely manipulated and abused that it was no longer operating in the interest of the Nigerian public.
- The current the kind of queues that had become endemic over several regimes in Nigeria is a clear indication that something has gone “seriously wrong” with the subsidy regime.
- Those who were privileged were exploiting it to amass more wealth
He said the new regime would ensure the availability of the fuel, prevent “indecent queues at petrol stations” that encouraged over pricing and free the economy when the laws of demand and supply were allowed to operate.
He said he foresees a situation whereby the sky-rocketing prices of commodities and services would crash down in the next three months when the products are available, citing what happened in the telecommunication industry.
“The economy is in bad shape as a result of which our people are going through hard times. But unless we correct some of these chocked points within the economy, we will not revive as quickly as if should be,” he warned.
Chief Odigie-Oyegun, who made the appeal yesterday at the party’s National Secretariat in Abuja while speaking with journalists, said:
- The subsidy regime had become so intensely manipulated and abused that it was no longer operating in the interest of the Nigerian public.
- The current the kind of queues that had become endemic over several regimes in Nigeria is a clear indication that something has gone “seriously wrong” with the subsidy regime.
- Those who were privileged were exploiting it to amass more wealth
He said the new regime would ensure the availability of the fuel, prevent “indecent queues at petrol stations” that encouraged over pricing and free the economy when the laws of demand and supply were allowed to operate.
He said he foresees a situation whereby the sky-rocketing prices of commodities and services would crash down in the next three months when the products are available, citing what happened in the telecommunication industry.
“The economy is in bad shape as a result of which our people are going through hard times. But unless we correct some of these chocked points within the economy, we will not revive as quickly as if should be,” he warned.
