Monday 16 May 2016

Chidi mokeme blasts Buhari yesterday over removal of fuel subsidy

The removal of fuel subsidy which was announced on Wednesday, May 11 by the minister of state for petroleum resources Emmanuel Ibe Kachikwu has set tongues wagging, with more notable Nigerians weighing in on the situation by the day 

. Defending the new price increase, Kachikwu spoke in Abuja on May 11 saying the increment in the price of premium motor spirit also known as fuel by the federal government will serve as a way of curbing the unchecked fuel price increase suffered b Nigerians at various fuel stations in the country. This was exactly what he said '📣Yesterday there were occupiers in Ojota for what now seems like one of the following self absorbing reasons: 1. They did not fully understand the issues. 2. They had not seen the light. 3. They wanted to take credit for such a bold step.
And since the occupiers of Ojota yesterday are now the occupiers of Aso Rock today, thank God they have finally seen the light, they now understand the issues and they can take full credit. But for the light to shine brightly and fully for the benefit of Nigerians, we must go one step further to avoid repeating same mistakes..... You cannot deregulate and still determine prices!
Let the market forces of both FOREX and CRUDE determine the final landing cost for individual marketers and eventual pump price for the product. Until such a time that NNPC will clean house enough to do their job. And New players set up structures to break the monopoly of the present cabal. The citizens will choose what price/vendor that works for them. A bottle of water at the mall costs N60, N150 or N300 depending on if you're buying from shoprite, KFC or The movie place (all in the same mall). And nobody complains. And they're not stupid. We can make our own choices. Just remove your hand from the matter and leff matter for mathais. I'm just trying to make #ChidiSense since #CommonSenseIsNoLongerCommon #ToDeregulateOrNotToDeregulate #SubsidyRemoval #Subsidy #BraceUp #TightenUp #Change #RealChange #ChidiSense #Discuss'

He added that the federal government has provisions in the 2016 budget aimed at reducing the effects the price increase may have on citizens.

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