FG DENIES SUBSIDY REMOVAL AS FUEL SCARCITY WORSENS NATIONWIDE
Fuel scarcity worsened over the weekend as consumers spent hours on queue for the product, despite assurance by the Nigerian National Petroleum Corporation (NNPC).
The federal government, who declared yesterday it has no plan to remove subsidy on the Premium Motor Spirit (PMS), known as petrol, said conditions for such decision do not exist.
Before subsidy can be removed on PMS there must be a provision for alternative cushioning measures mutually agreed between stakeholders to protect the economically vulnerable members of the population.
This was coming after oil workers – Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) – rebuked the International Monetary Fund, IMF, for calling on Nigerian Government to completely remove subsidy on PMS.
Meanwhile, NUPENG and PENGASSAN had pleaded with the federal government to disregard IMF which the oil workers described as enemy of Nigerian people, and attributed the resurgence of petrol scarcity in the country to its call for total subsidy removal.