Wednesday, October 26, 2011

Govt to Set Up Committee On Fuel Subsidy

This Day
26 October 2011

The Federal Government has said it would set a committee of eminent Nigerians to monitor and advise it on how the money expected from the removal of fuel subsidy would be applied in the greater interest of the people.

It also said the policy would not be implemented until all the safety nets were in place, especially the inauguration of the committee to monitor the implementation and application of the proceeds.

Speaking on the issue in Australia, where she is part of President Goodluck Jonathan's entourage to the Commonwealth Heads of Government Meeting (CHOGM), Minister of Petroleum, Mrs. Diezani Allison-Madueke, said government was committed to the transparent and open operation of the policy.

The minister said the proceeds would not be passed through government channels to avoid being bogged down by red-tapism, adding that there should not be any misgivings over the policy, especially as government was still engaging labour and the National Assembly in discussions to ensure there was a common front on the policy.

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