Minority Leader Insists On Subsidy Removal

CHANNELS TV

House of Representatives Minority Leader, Honourable Leo Ogor, has stressed the need for the removal of petroleum subsidy for a liberalisation of the market to enable industrialists come in and help build refineries.

Honourable Ogor said that building of refineries by industrialists would bring competition, which would in turn gradually reduce the price of fuel.

Speaking as a guest on Channels Television’s Sunrise Daily, Honourable Ogor stated that fuel subsiding or removal was not a political issue but an issue which had been left for the Federal Government to handle to avoid worst situations.

He made this known while giving his opinion on the current fuel situation that is affecting the country as a whole.

Referring to the Petroleum Industry Bill (PIB), he said it was important for the bill to be passed to help the development of the industry which does not stop the building of these refineries.