In a statement issued by his media aide, Mr. Laolu Akande, Osinbajo, who spoke at the public presentation of a collection of essays edited by Mr. Yusuf O. Ali (SAN), said the president was left with no choice but to act in the face of a disorderly downstream sector, a flailing naira and a volatile national economy.
A statement from CESJET’s Executive Secretary, Comrade Ikpa Isaac, on Monday, described keeping the subsidy in place as a black hole that could destroy the nation’s economy if it is not closed up.
Muhammed noted that the current Administration inherited a huge catalogue of issues and problems in the downstream sector not limited to arrears of subsidy payments to Oil Marketers, corruption and inefficiencies in the supply and distribution chain, incessant vandalism of pipelines, refineries poor performance, among others.
