A Chieftain of the All-Progressive’s Congress (APC) and former Delta State House of Assembly Member, Efe Ofobruku, has said that subsidy on petroleum products is still being paid, but the amount that is being paid to subsidise petroleum products is not as much as it used to be before.
Honourable Ofobruku made this revelation in an interview with ARISE NEWS on Monday where he was discussing President Bola Ahmed Tinubu’s policies and economic reforms amidst the rising economic hardships and food insecurity in the country.
The Chieftain then confirmed the suspicions that subsidy on petroleum products had been brought back into the system as he said, “If at all there is any gap in terms of the cost of bringing in PMS and all of that, it must have arisen from the current exchange rate. And if you have to say, okay, dollar is 1,500, let us do it a 1,500 per litre for drop of petroleum product that comes into Nigeria, you will realise that even the N608 that is being sold in Lagos- it is being sold for N700 in Warri, Delta state- even the N608 that it is being sold in Lagos today, we may not be able to achieve that.
“So, to that extent, it is possible that some level of subsidy is being paid but may not be as huge as it used to be, because I know matter of factly that the so-called volume of petroleum products we brought in has reduced because of some measures that have been taken by government.”
Addressing the current economic hardships, the APC Chieftain said, “My view on what is on ground is what we locally call ‘chop in advance’. As a nation, we have chopped in advance, a lot of things, we have done in advance. We are facing the consequences of the decisions of the past today.
“From what we have seen, we can tell that the previous handlers took some decisions that did not go well, that is the truth, and some of those wrong decisions or poor decisions, poor judgements, they are being effectively corrected and effort is being made to see to it that we get on the agenda.”
He then went on to say that “some of the policy somersaults of the past have also led to what has put us where we are today, not necessarily only the Buhari administration.”
However, Ofobruku said that there is a “Nigerian factor” to the issues that are plaguing the country’s economy as he said, “It’s unfortunate that we have four refineries, we have oil in our soils, but we are not refining products. It’s also unfortunate that the people who work in these refineries, they’ve been earning salaries for many years for doing nothing. And they are NLC members.
“I also think that while NLC is holding the government to account, NLC should also call their members to order. Because they are producing nothing, but they are earning salaries, they are being promoted, they are going on trainings on a daily basis for being staff of refineries that are not working. These are part of the things that are also consuming money in the Nigerian economy. People get paid, people get promoted, earn allowances for doing nothing, and the refineries are there. It is unfortunate.”
Ofobruku then urged Nigerians to exercise patience with Tinubu’s economic reforms as he said, “I think the hope is on the way if you ask me. We seem to have forgotten so soon where we are coming from.
“I sympathise with President Tinubu, he has said consistently that he asked for the job, that nobody should pity him, he’s equal to the task, he can do the job. Quite frankly, it is not out of place to begin to tell Nigerians to exercise patience because definitely, we need to travel this route to be able to get out of where we are today. And in travelling this route, we will continue to appeal to Nigerians to exercise patience. I believe strongly that for once, we are taking the right step in the right direction.”
He said that the reforms that Nigerians are seeking are already being implemented, but it would not come with immediate effect.
“What Nigerians are passing through just now is the fire required to bring gold out of it, and that is what we are doing. So, it is not a case of the presidency or the leadership of the government not knowing what to do- of course they know what to do, they’re doing it. It is just that the only way to do it in this present circumstance is the route that we are taking, and it is exactly what we are doing.”
Ozioma Samuel-Ugwuezi
Follow us on:
President Bola Tinubu is set to depart Abuja for Brazil to attend the G20 Leaders’…
Lucky Aiyedatiwa has pledged to run an inclusive government, prioritising welfare, economic growth, and collective…
INEC has declared APC's Lucky Aiyedatiwa winner of Ondo governorship election, securing 366,781 votes against…
Kogi law students commend Governor Ododo for ₦300K bursary, ₦600M WAEC fee approval, and transformative…
Cocaine, meth, opioids bound for the UK, Italy, Turkey, and Qatar were intercepted by NDLEA…
President Bola Tinubu has conferred the Grand Commander of the Order of the Niger (GCON)…
View Comments
of your choice at a minimum price E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 500,000.
Camry Tinny-Light=500,000.
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08166185400) (+234_915__6089_111)