“Fuel Subsidy is for the Poor”: Atedo Peterside

Channels Television  
Updated January 7, 2012
Atedo peterside

More reactions continue to follow the controversial deregulation of the petroleum downstream sector in the country. Mr. Atedo peterside, a member of the National Economic Management team, today on our breakfast show opined that government’s withdrawal of the subsidy on petrol is in the best interest of the poor.

Mr. Peterside, who stressed that he is a believer in subsidy when it is targeted at the poor, said that the current subsidy on petrol is mostly enjoyed by the rich hence the withdrawal will ensure that these resources are redirected to the poor.