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THE removal of subsidy on PMS and a total deregulation of the down stream sector has been described as a smart move by President Mohammadu Buhari to curb corruption and check wastages.
A two term former Lawmaker who served in the House of Representatives, Hon. Sunday Karimi, made the disclosure while speaking with newsmen in Lokoja, said Government since 1999 has been paying lip service to deregulation of the petroleum industry, commended President Buhari for the courage.
The lawmaker who represented Yagba Federal Constituency in the House of Representatives, explained that one of the major drain pipes and sources of wastage and corruption in Government finances has been the high subsidy paid by government for the pump prices of petrol for ages, stating that the effect of the subsidy does not reflect positively on common man on the street.
He ascribed the decision by President Buhari to totally deregulate the sector as one taken borne out of his long term experience in the industry, said it is a decision taken in the right direction for the good of the country.
While he pointed out that previous government demonstrated lack of political will to save the nation from wastage and corruption, said the inadequacies by the previous leaders made most of our neighboring countries to enjoy greatly from the subsidy as the products were taken out fraudulently and sold to them at a bit higher rate.
Hon. Karimi pointed out that only few Nigerians will expect a President from the North to remove subsidy from petrol, but attributed the sound policy to a product of courage, said only a leader like President Mohammadu Buhari would have done .
The two term member of the House of Representatives, said the gain from subsidy removal should be directed towards fixing the nation’s infrastructural decay, specifically mentioned roads rehabilitation nationwide, and welfare packages for citizens as area the subsidy removal should be channelled into
