Voters Assembly cautions on removal of subsidy

The Nigeria Voters Assembly has cautioned President Buhari and the leadership of the All Progressive Congress (APC) not to withdraw subsidy on petroleum products or increase the prices of petroleum, as is being advised by the International Monetary Fund.

The group, in a statement by its President, Comrade Mashood Erubami, urged the President to ignore the call at this time, as it is improper and economically inexplicable for Nigeria to heed the IMF call when the country was just coming out of recession.

The body described the call, as a very dangerous form of anti-people structural adjustment policies, which had not benefited any country in the past, except adding to their economic woes, spreading poverty among the people with catastrophic consequences.

“The group, therefore enjoined the President and APC leadership to sustain the present inherent subsidy, which is otherwise called underrecovery by the NNPC in the fuel price regime, which when sustained, will serve as a safety net through which dividend of democracy will get to the people to cushion the hardship that is being suffered presently with the fuel price at N145,” the statement added.