President Muhammadu Buhari plans to totally remove fuel subsidy, it has emerged. Money saved from this will be used to provide free and compulsory primary/secondary education across the country.
This is reported to be part of the recommendations made by the transition committee that helped the president to work out a blueprint for his administration.
According to Vanguard, the Buhari-led administration is also planning to unbundle the Nigerian National Petroleum Corporation (NNPC) to make it more efficient in the production and delivery of products to Nigerians.
To ensure the planned removal go as planned, the Labour, which led a strike against a similar move by former president Goodluck Jonathan in 2012, was involved in the decision.
“Labour is part of the decision; they have accepted the proposal of fuel subsidy removal,” a source, who is a member of the transition committee, told Vanguard.
“A committee is likely to be set up by the federal government to work out the modalities of what is to be done in that respect.
“But the truth is that total removal of fuel subsidy has been recommended with adequate provisions for palliatives on free education and social welfare for the unemployed.”
Commenting on the planned unbundling of the NNPC, the source said: “The federal government is keen on plugging all areas of leakages in the corporation and whoever must have caused them must be made to account for such unpatriotic wastages. We don’t know whether that is what you call probe or not”.
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