Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Consult widely on subsidy, EU cautions Jonathan

    Consult widely on subsidy, EU cautions Jonathan

    December 14, 2011
    Share
    Facebook Twitter LinkedIn WhatsApp

    Emma Ujah
    & Victoria Ojeme

    14 December 2011, Sweetcrude, ABUJA—European Union Ambassador to Nigeria, Mr. David MacRae, has urged the Nigerian government to engage in wider consultations and enlightenment of the public on fuel subsidy removal for proper understanding.

    He said the negative reaction from the general public on the proposed removal of subsidy from petroleum products was an indication that the generality of Nigerians was yet to come to terms with the benefits that the government claimed was inherent in the policy.

    MacRae said: “It is not a popular issue according to the surveys that we have seen. I think the reactions of the general public, which is negative, is in part due to lack of trust. They are not sure if anything better can come out of it. I think it relates to the issue of governance.

    “After many years of mistrust, when a new administration comes with such an idea like this, there has to be a clarification. People need to know better what amount of budget will be needed. I have heard public officers say unless the government removed the oil subsidy, Nigeria could become as broke as Greece.

    “I think the Nigerians have to be informed of the facts of the matter. In a general context, subsidy on petroleum products is not a thing that countries generally want to do. If you want to help poor people you have to look at the social sectors —water, health education and access to jobs.”

    He said what most countries do for their citizens is to “provide basic services like water, health, education and mass employment. Rather than subsidise petroleum products, we impose heavy taxes on fuel because it is our source of revenue.”

    Related News

    Oil prices rally as United States sanctions on Venezuela ease supply worries

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    Nigeria partners Brazil to develop methanol complex 

    Nigeria says divestment paying off as oil output rises

    E-book
    Resilience Exhibition

    Latest News

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    June 11, 2025

    Kenya central bank lowers 2026 growth forecast to 5.4%

    June 11, 2025

    Nigeria partners Brazil to develop methanol complex 

    June 11, 2025

    FG to train 100,000 youths annually in forex trading

    June 11, 2025

    China, Africa ask US to return to ‘right track’ on trade differences

    June 11, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.