Published on May 17, 2016 Greenbarge Reporters
The long awaited decision of the Federal Government to deregulate the downstream oil sector and allow all interested independent marketers to import and sell petroleum products has been taken. Although we believe total deregulation, meaning without any fixing, may well be inevitable, we fully support this needful policy. In doing so, we take cognizance of the fact that the NNPC suffers from an abject lack of capacity to meet the astronomical rise in demand for fuel products occasioned by the following
Our stand does not in any way seek to deny the right of others to disagree. We actually understand and respect the rights of those equally well meaning Nigerians who have already made public their dissension. We however expect them to justify their disagreement by providing better options supported by facts and figures, failing which we remain resolute in supporting governments’ decision. We also have a duty to appeal to them not to derail a beneficial and well intentioned policy out of a desire to work cheap popularity, while creating more economic hardship for the very people they need to protect.
Col Abubakar Dangiwa Umar is chairman of Movement for Unity and Progressives (MUP).
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