The Coalition of Civil Societies Organisation (CSOs) for fuel subsidy has supported the subsidy removal by the Federal Government, but called for holistic approach in ensuring public education on the gains.
The coalition in a news conference on Thursday in Abuja, said that record had shown that about 70 million litres of fuel were consumed daily by Nigeria’s estimated 200 million people.
The News Agency of Nigeria (NAN) reports that President Bola Tinubu announced the subsidy removal during his inaugural speech at the Eagle Square on May 29 in Abuja.
NAN also reports that the news conference was jointly addressed by the National Chairman of the group, Mr Blessing Oyefeso, the General Secretary, Mr Felix Idowu and other top executives.
The chairman of the coalition, Oyefeso said that though the above claims had been refuted by analysts many times, adding that fuel subsidy payment remained the stumbling block to Nigeria’s shared prosperity.
Oyefeso, who doubled as the Executive Director, Nigeria Youths in Politics, said that there was need to understand as a developing nation, the havoc and economic setback caused by fuel subsidy regime.
This, he said, was practically on the political growth and on the existence as a nation.
According to him, the pain of today is the key for tomorrow’s prosperity.
“As a people, we have come to the conclusion to count the gains of fuel subsidy removal against the colossal loss and economic retrogressive effect of fuel subsidy on Nigeria’s economic emancipation.
“On this note, we, the CSOs lend our voice in support of fuel subsidy removal, having weighed the pros and cons, and the shenanigans that mar fuel subsidy regime.
NAN
