The President and Chairman of Council, Nigerian Institute of Management (Chartered), Dr. Nelson Uwaga, said on Wednesday that removing fuel subsidy at the moment would be cruel to the masses.
Uwaga, however, said during a courtesy visit to the head office of PUNCH Nigeria Limited in Ogun State that the enormous corruption around the subsidy regime would make it unsustainable on the long run.
“People are abusing the whole thing; so, I think the government should put its house in order. It should not totally remove the subsidy but work towards stabilising the local production of petroleum products,” he said.
The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, on Tuesday gave a hint of the plan by the Federal Government to remove subsidies on petrol and kerosene at the ongoing Nigerian Oil and Gas Conference in Abuja.
