Wednesday 6 May 2015

House of Reps Rejects the Removal of Fuel Subsidy


House of Reps Rejects the Removal of Fuel Subsidy
The Members of the  House of Representatives in Abuja yesterday, rejected totaly a motion seeking the removal of fuel subsidy regime by the incoming Gov. led by  Gen. Muhammadu Buhari administration.
The motion promoted by Rep Sunday Karimi, entitled: “The recurring crisis of fuel subsidy” was killed by the lawmakers.

He called for a “permanent solution” to the lingering nationwide fuel scarcity while urging the Buhari administration to “muster the necessary political will” to end the fuel subsidy regime.

“As we speak, PMS sells in most places at the rate of N120 and N150 depending on where it is available which is against the official pump price set by the Federal  Government of N87,” Karimi added.

Speaking in support of fuel subsidy regime removal, Deputy House Leader, Hon. Leo Ogor, said the regime had become a drain in the country’s economy and urged that government redirect fuel subsidy votes  to other priority areas.

Ogor (Delta/PDP) lamented saying: “How long will we continue to spend money we don’t have? How long will we allow oil marketers to hold us to ransome? When will our refineries work? The money that we spend on fuel subsidy can be channelled to other crucial areas.”

Speaking in opposition to the motion, Rep Osai Nicolas Osai (Delta/PDP) said the motion’s timing was wrong and belated as the outstanding subsidy payment causing the fuel scarcity had been dealt with on Monday at a meeting between the finance minister Ngozi Okongiwuala and oil marketers.

“I disagree with this motion he said, because it is coming very late and standing on a very weak premise. The issue involved has to do with subsidy payment.

“The Minister of Finance and marketers were in a meeting which ended yesterday (MONDAY) and that matter has been resolved in the meeting. So the House would be wasting resources and energy in trying to dabble into this matter.”

When the motion was put to a voice vote by the presiding Deputy Speaker, Emeka Ihedioha, the lawmakers rejected the motion.

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