Action Congress of Nigeria, ACN, has rejected plans by the Federal
Government to remove petroleum subsidy, warning that it would have
far-reaching consequences not only to the sustainability of Nigeria’s
democracy but the continued existence of the nation as a unified entity.
The party described the proposed subsidy removal as the handiwork of
those propelled by the philosophy of the “Washington Consensus’ of
rolling back the frontiers of the state.”
National Publicity Secretary of the party, Alhaji Lai Mohammed, in a
statement, yesterday, condemned the reduction of the subsidy removal
debate to a purely fiscal issue, without considering the responsibility
of the government to improve the lives of the people through prudent
management of state resources.
As a way out of the subsidy conundrum, the party proposed the
establishment of modular refineries with a total of 280,000 barrels per
day refining capacity in nine cities, to include Gusau, Enugu, Ibadan,
Kano, Makurdi, Maiduguri, Lagos, Auchi and Gombe, in addition to
reviving the existing ones.
According to ACN: ‘’Primarily, the basic objective of any fiscal
policy is to improve the living conditions of the people through poverty
reduction and the provision of welfare services. The removal of subsidy
must therefore go beyond the cheap argument of improving the solvency
of the government.
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