The Organised Private Sector, under the umbrella of Nigeria Employers’ Consultative Association (NECA), on Saturday commended the Federal Government for the removal of the fuel subsidy.
The Director-General of NECA, Mr Olusegun Oshinowo made the commendation while fielding questions from newsmen in Lagos.
Oshinowo
said that though the government said that the new dispensation would be
predicated on what it called ``price modulation’’.
He said that hopefully, the issue of fuel subsidy and its financing would not surface again in government's budget.
According
to him, it is pertinent for the government to focus on the policy
framework as well as incentives that will ensure that Nigeria is
self-sufficient in the refining capacity to meet her energy needs.
However,
Oshinowo noted that the organised private sector was expecting a
decisive, unambiguous and explicit policy statement that the subsidy
regime had ended.
He said that the government
should also ensure the privatisation of the four refineries and jointly
agree on a timeline and modalities with Investors on the utilisation of
the licences already issued for the setting-up of Private Sector-owned
Refineries.
The director-general stated that there
should be redefinition of the role of the Petroleum Products Pricing
Regulatory Agency (PPPRA) as an ombudsman.
This,
he said, would ensure compliance with products standards and fair
competition that would guarantee reasonableness of products pricing.
He urged the government not to delay any further in pursuing the points listed by NECA.
No comments:
Post a Comment