Fuel subsidy unsustainable, says FSDH - The Nation Newspaper

for the masses to guarantee the success of the deregulation of the downstream oil and gas sector, which will lead to the removal of fuel subsidy.

Ambah said the savings to the government from the removal of fuel subsidy payments can be used to provide more primary healthcare centers, increase allocation to the school feeding programme, provide adequate funding for compulsory primary and secondary education in the public schools, provide soft loans for the petty traders, invest in the power sector and other areas that can have direct impact on the Nigerian...

She said it would amount to economic suicide if the government continues to subsidise petroleum products in the face of dwindling government revenue, considering that from 2017 to 2018, the estimated value of the subsidy jumped from N225billion to N731billion. She urged the Major Oil Marketers Association of Nigeria to work and maintain a constant dialogue with the government to ensure the success of deregulation policy. The private sector players must also be ready for a symbiotic relationship with the government during the process.

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