Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke has explained how the removal of subsidy on fuel? will help curb corruption in the downstream sector of the oil and gas industry.
In a statement issued, yesterday, by the Group General Manager, Group Public Affairs Division of the (NNPC), Dr Levi Ajuonuma, the minister stressed that apart from providing the leeway for the re-investment of key funds on the provision of some social infrastructure, the removal of subsidy would help erase the issue of corruption wrought by the unending episodes of controversial subsidy claims and counter claims.
She said, “It is not possible to have petrol at N65 per litre at the pump in Nigeria, in Chad as much as N200, in Ghana at N175 and in Niger at N190 and expect people not to move the product across our borders.
It is simple economics especially when you consider the nature of our international borders.”
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