The National Association of Nigeria Students (NANS), has issued a stern warning to the Nigerian federal government against removing subsidy on petroleum products. ayokinews.com reports
The Nigerian Finance Minister, Zainab Ahmed, had earlier stated that the country can no longer sustain the payment of fuel subsidy as the money could be diverted in developing other critical sectors of the Nigerian economy, while also stating that a N5,000 naira grant to the poorest Nigerians would be made as a replacement.
Addressing the issue was NANS President, Adedayo Asefon, who spoke on behalf of the Nigerian students, said that the proposed move of the federal government would increase the level of hardship in the country.
The student union body also in its stance against the decision, rejected the payment of N5,000 naira transport allowance to 40 million Nigerians, as proposed by the federal government.
Asefon said, “Nigeria will be shut down should the Federal Government attempt to remove the fuel subsidy as allegedly being proposed.
“It is merely an attempt to add a new dimension of economic woes upon Nigerians through this removal of fuel subsidy.
“We wish to state further that before Federal Government can take any decision on the removal of subsidy, it must first demonstrate goodwill by ensuring that the NNPC makes the four refineries we have in this country work at full capacity to determine the exact cost of refining the products in the country.
“Nigeria cannot continue to use this cause of the implication of the petrol as the benchmark for determining the appropriate price of the products.”