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FG cautioned against removal of fuel subsidy

02 October 2012, 11:25

Osogbo - The Democratic Socialist Movement (DSM) and Socialist Party of Nigeria (SPN) Osun chapters, have advised the Federal Government against the total removal of fuel subsidy in the interest of Nigerians.

Mr Alfred Adegoke, the Protem Chairman for the association, made the call in a statement made available to newsmen on Monday in Osogbo.

The statement recalled the strike embarked upon by workers nationwide against the removal of fuel subsidy in January and urged the government to avert a repeat of such mass action.

It stressed the need to review the commercialisation, privatisation and liberalisation of government agencies and companies, to make them more productive.

The statement expressed reservations over the planned privatisation of the Power Holding Company of Nigeria (PHCN) for fear of handing over of public assets to bourgeois fraudsters.

It alleged that the initial move towards the realisation of this goal had resulted in the sharp increase in electricity tariff, stressing that the exercise would at the end of the lead to job losses.

It expressed sadness over the flood disaster which led to the closure of the Abuja-Lokoja road and other parts of the country, and urged the Federal Government to tackle the problem soonest.

The statement also implored the government to work towards the provision of essential infrastructure, to reduce the occurrence of such disasters.



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