Ezekwesili seeks end to fuel subsidy regime 

Presidential candidate of Allied Congress Party of Nigeria, Dr. Obiageli Ezekwesili has said there is need for a ‘pressing’ reform in the oil sector.

In a statement, yesterday, she demanded an immediate end to oil subsidy in Nigeria, saying, “it gives little or no benefit.”

Ezekwesili explained that ending oil subsidy and reforming the oil sector were parts of her plans, if she emerged the president.

She said: “A subsidy that costs N1.3tn, yet provides little or no benefits to the most vulnerable members of society, must be discontinued.”

She wondered why the number one citizen of the country preferred to head the Nigerian National Petroleum Corporation (NNPC), when there are other challenges confronting the nation.

“Monies saved from subsidies will go into the creation of a $1.5bn Infrastructure Fund. I will be accountable to the Nigerian people and also sign binding Service Level Agreements on performance and accountability.”

I have no interest in becoming the ‘president of the NNPC,’ when there are more important national issues begging for attention,” she added.