National Assembly opposes Fuel subsidy removal

Date: 12-10-2011 5:51 am (13 years ago) | Author: Leon George
- at 12-10-2011 05:51 AM (13 years ago)
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Coordinating Minister of the Economy and Finance Minister, Mrs. Ngozi Okonjo-Iweala has come under fire from the National Assembly over proposals by the Presidency to remove oil subsidy in 2012. Leadership of the National Assembly, led by Senate President David Mark and committee chairmen in both chambers pointedly refused to commit to the proposal to remove oil subsidy as from next year.

Rather, the lawmakers demanded details of the proposed removal of oil subsidy from the Finance Minister at a meeting between the Presidency and the National Assembly on Monday night.

Against the backdrop of public outcry against the removal, the Presidency commenced lobby of the National Assembly in a bid to ensure that the 2012 Appropriation Bill does not run into a hitch.

President Goodluck Jonathan is scheduled to present estimates of the 2012 budget to a joint sitting of the National Assembly in November.

A committee chairman present at the meeting told Daily Sun that the meeting, which was called at the instance of the Presidency was more of “a lobby of the National Assembly to support their proposal to remove oil subsidy. 
“The President was present at the meeting and our cooperation was sought concerning government proposals as contained in the MTEF Report sent to us.
“From the body language of the President and the Finance Minister, they seem bent on going ahead with the removal of the oil subsidy
In fact, committee chairmen pointedly told the Finance Minister that since they do not have details of the subsidy removal, they are at a loss as to how to even defend the move with their people.

Posted: at 12-10-2011 05:51 AM (13 years ago) | Upcoming
- hotchase at 12-10-2011 05:55 AM (13 years ago)
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For the first time these lawmakers seem to be acting in the interest of the people. Must our President bow to the pressure of the governors to remove fuel subsidy so that they will be able to pay the new minimum wage of just 18k? Removing fuel subsidy in a country where there are no jobs, social security, electricity and other basic comfort for the masses as obtainable in advanced countries is just sentencing Nigerians to serious hardship.
Posted: at 12-10-2011 05:55 AM (13 years ago) | Upcoming
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- petmanuel4loura at 27-01-2012 06:42 AM (13 years ago)
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IS A GOOD IDEA BY THE FEDERAL GOVERNMENT, IF ONLY THE WILL WALK BY WHAT THE STAND FOR...
Posted: at 27-01-2012 06:42 AM (13 years ago) | Upcoming
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- petmanuel4loura at 27-01-2012 07:11 AM (13 years ago)
(m)
UMH, FEDERAL  GOVERNMENT
Posted: at 27-01-2012 07:11 AM (13 years ago) | Upcoming
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- Solidstonez at 17-07-2012 04:49 PM (12 years ago)
(f)
HMMMMMMMMMMMM

Posted: at 17-07-2012 04:49 PM (12 years ago) | Addicted Hero
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