The current fuel scarcity in the country has generated serious concerns for Nigerians as business activities are seriously affected and citizens are stranded.
The Nigerian Extractive Industries Transparency Initiative (NEITI) has advised the that the removal of petrol subsidy will go a long way in solving this repetitive problem.
Executive Secretary, Dr. Orji Ogbonnaya Orji, spoke at the first National Extractives Dialogue (NED) in Abuja. He said on June 29, NEITI will release a researched Policy Advisory on the cost of fuel subsidy to Nigeria.
The publication, he said, “will outline facts and figures to reinforce NEITI’s position that reinforce our position that removal of fuel subsidy will free our economy from bondage, benefit the majority poor and possible may hot the few affluent rich currently involved in the Subsidy transactions.”
It will also unveil its 2021 oil and gas and solid minerals industry reports in November 2022.
NEITI has also planned present the allocation and statutory disbursement that tracks revenues generation and utilisation with facts on managing and improving internally generated revenues.
Source: Group advices FG on fuel subsidy removal – StocksWatch (stocksng.com)
