PMS: Knights warn FG against subsidy removal

From Paul Osuyi, Asaba Members of the Benin Metropolitan Council of the Order of the Knights of St. Mulumba, have cautioned the Federal Government against the planned total removal of subsidy from Premium Motor Spirit (PMS) from next year. The religious group said subsidy removal at this point in time would further dwindle the […] The post PMS: Knights warn FG against subsidy removal appeared first on The Sun Nigeria.

Chidi Igwe

Nov 26, 2021 - 16:16

PMS: Knights warn FG against subsidy removal

From Paul Osuyi, Asaba

Members of the Benin Metropolitan Council of the Order of the Knights of St. Mulumba, have cautioned the Federal Government against the planned total removal of subsidy from Premium Motor Spirit (PMS) from next year.

The religious group said subsidy removal at this point in time would further dwindle the nation’s economy, and put the ordinary man in precarious situation.

Addressing journalists in Asaba, Delta State during the 42nd Supreme Council Convention, Worthy Supreme Knight of St. Mulumba, Sir. Diamond Ovueraye, rather urged the Federal Government to fathom ways of improving the economy.

Ovueraye said with the status of the nation’s economy presently, the nation was not “ready for the removal of the fuel subsidy, otherwise it would further hurt the ordinary man on the streets.”

He therefore advised government to do the needful by first and foremost, “fixing our refineries, and build more in such a way that instead of importing fuel we can generate enough to sell across the borders to other countries in order to earn more foreign revenue.

“And again, government should make sure that there is adequate supply of PMS to all Nigerians before thinking of fuel subsidy removal to earn more money”.

Ovueraye further advised the Federal Government to, as a matter of urgency, address what he called “bastardized naira”, noting with regret that many people are crying of hunger because of a devalued naira.

“The naira is devalued because we borrow and spend what we don’t have, thereby jeopardizing the nation’s economy.

“We are aware that people are hungry, no jobs, and others no matter how highly placed are still feeling the pains because we continue to spend about 40 percent of our income to support fuel importation.”

The post PMS: Knights warn FG against subsidy removal appeared first on The Sun Nigeria.

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Chidi Igwe I was born in Nigeria and trained in Canada. With a Master of Arts in linguistics from the University of Regina, and PhD from Dalhousie University, I am currently an Assistant Professor at the University of Regina. I have taught French language and linguistics in various institutions, including the French Language Centre, Awka and Dalhousie University, Halifax. I am the author of Taking Back Nigeria from 419, published in 2007, and many scholarly articles in reputable academic journals. I am a passionate servant of the people.