Over 80 CSOs hail Buhari’s plans to end subsidy regime | The Guardian Nigeria News - Nigeria and World News

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About 82 Civil Society Organisations(CSOs) under the aegis of “Civil Society Coalition for Economic Development (CED) have hailed President Muhammadu Buhari over plans to end subsidy regime in Nigeria.

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Nigeria’s President Muhammadu Buhari arrives for the opening ceremony of the “Paris Peace Forum” at The Grande Halle de la Villette in Paris on November 11, 2021.

The coalition noted that the subsidy regime was unsustainable, adding that the best way to tackle the problem was to remove subsidy. “The resource persons who are world class researchers in the oil and gas industry extrapolated issues bordering on Nigeria’s oil and gas industry, and identified Nigeria’s major economic challenges as that of active fuel subsidy regime.

The Federal Government of Nigeria should end fuel subsidy regime effect from 1st January, 2022 in order the save the sum of N250 billion monthly as the economy of Nigeria has become very fragile given the financial burden orchestrated by the subsidy regime. “The Federal Government and all stakeholders in the oil and gas industry should strictly enforce the provisions of Petroleum Industry Act , which came into effect after it was signed into law by President Muhammadu Buhari.

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I support the Suspension of the Subsidy regime but these same criminal CSO's will turn against him after the removal and claim Buhari is insensitive to the plight of Nigerians

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