Lai: Petrol subsidy removal at this time could lead to instability | TheCable

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Lai Mohammed, minister of information and culture, says it is the wrong time to remove the costly petrol subsidy. Subsidy or under-recovery is the underpriced sales of premium motor spirit

July 5, 2022 7:20 AM

Lai Mohammed, minister of information and culture, says it is the wrong time to remove the costly petrol subsidy.The federal government the planned petrol subsidy removal till further notice, citing “high inflation and economic hardship”.He added that many other countries had introduced measures to help citizens cope with high oil energy prices due to the Russia-Ukraine war.

“When you consider the chaos, the social disharmony and… instability such an action would facilitate, is it worth it? I don’t think so,” Mohammed said. Among other issues, petrol subsidy payments have dwindled revenue accrued to states, with the Nigerian National Petroleum Company making zero remittances to the federation account.

 

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Has Liar any truth in his mouth?

They are waiting to remove it before the handing over in 2023 if the opposition party wins the election to pitch the new government with the masses.

Where this one wake up from

You are actually going mad.... yesterday I told Nigerians that repentant boko is already in the society without taking some steps to make Nigerians aware of your actions...

Like say he get sense

Ole!!!

Nothing like subsidy - MBuhari

They've still not removed it?

Oh! So happy for you. Speaking sensibly for the first time.

Lai is back, just ask of him yesterday bec i care He dropped another interesting 🤣🤣🤣 you know

They will remove it immediately after election

Who are we subsidising please? - Gen Buhari 😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹 😆 🤣 😂 😹 😆

I thought you people said there is no petrol subsidy anywhere?

Is there stability before

Words of a fool..

Who are paying the subsidy to? Why are we having endless shortage of petrol?

The actual beneficiaries are those who take subsidised fuel and sell it to neighbouring countries. 🇳🇬 all know that and the Govt is complicit Gidi_Traffic

Was there one stability since 2015.

Really? Please just tell us that you don't want to jeopardise the chances of your candidate at the polls. Any which way e be. God no go let APC remain in power.

Bcos now you need it for the elections. Double mouthed

They talk as if they give a hoot about the suffering masses! They shelved the plan to remove subsidy coz of this coming elections , not coz of the impoverished masses. Nigerians are no fools, we know the reasons for every action they take. Nigerians must make sure they don't win.

Make dem win election next year first . The first heart break will be fuel price rising to 500 naira per liter

Petrol subsidy removal will expose the rot in Buhari government.

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