Tuesday, October 25, 2011

World Bank chief cautions Jonathan over fuel subsidy removal

24 October 2011

As the battle line appears drawn between advocates of the withdrawal of fuel subsidy and those opposed to it, the World Bank Vice President for African Region, Oby Ezekwesili, has stressed the need for government to tackle the supply structure of fuel before implementing the policy.

Dr Ezekwesili spoke against the groundswell of opposition to the policy even as the House of Representatives has assured that it would take a decision on the issue in the best interest of Nigerians.

Commenting on the proposed removal of fuel subsidy by the federal government, the World Bank Vice President said: “Government needs to focus on the supply side. The supply structure of fuel needs urgent attention of the government. First of all, in tackling the issue of fuel in the country, the government should be able to address the supply of fuel. That is all I can say on this at the moment.”

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