Senate Says it is Yet to Take a Final Decision on Fuel Subsidy

Channels Television  
Updated January 1, 2012

Chairman, Senate Committee on Information, Senator Enyinnaya Abaribe says the Senate is yet to take a final decision on the removal of fuel subsidy.


In a statement reacting to the Federal Government’s full deregulation of the downstream sector of the petroleum industry by the express and immediate removal of subsidy on PMS, Senator Abaribe stated that while it is true that there was no provision for subsidy in the 2012 budget proposal, the senate still believes that consultation is still going on, which means the senate is yet to reach a consensus on the matter.

He said this can only be done when the budget bill is considered and a final decision taken on it.

Senator Abaribe said the prevailing situation will not vitiate the ongoing consultation, which must take full cognizance of the general mood and also of utmost economic benefit to the country.

He however said the Senate will always support every effort of the President and Commander in Chief to make life better for the Nigerian people so long as such efforts would be in the interest of the vast majority of the people.