Wednesday 19 August 2015

President Buhari Speak On Oil Subsidy


“Who is subsidizing who? But people are gleefully talking, ‘remove subsidy’. They want petrol to cost N500 per litre. If you are working and subsidy is removed, you can’t control transport, you can’t control market women, the cost of food, the cost of transport.

“If you are earning N20,000 per day and you are living in Lagos or Ibadan, the cost of transport to work and back, the cost of food (would go up). You cannot control the market women; they have to pay what transporters charge them.

“If there is need for removing subsidy, I will study it. With my experience, I will see what I can do. But also I’m thinking; more than half of Nigerians virtually cannot afford to live. Where will they get the money to go to work, how can they feed their families, how can they pay rent? If Nigeria were not an oil producing country – all well and good. Our refineries are not working. We have a lot of work to do.”
source: leadership

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