Niger Delta
‘Subsidy Removal, Ill-Timed’
Former Speaker of the Cross River Assembly and currently member representing Abi/Yakurr federal constituency in the House of Representatives, Hon. Bassey Eko Ewa has described as ill-timed, the current removal of petroleum subsidy by the federal government.
Ewa said the development was ill-timed since there are no structures in place as well as palliatives to assuage the plight of Nigerians arising from the removal.
He remarked that the Goodluck Jonathan administration should not be in a haste to remove subsidy but should rather concentrate first in fixing certain infrastructures like the refineries, power, roads as well as provide enabling environment for the citizenry to ‘land softly’ in the face of the biting economy the development would cause Nigerians.
Ewa who was at the NUJ Press Centre in Calabar, where he addressed Journalists on the development as well as his prospects at the House of Representatives said there was nothing wrong with the subsidy removal but that the timing was wrong adding that it was like ‘putting the cart before the horse.’
He explained further that “in America, there is subsidy. How does it operate? American government keeps crude oil, keep fuel and when there is high demand or scarcity of fuel in American markets, the government pumps the product into the market and this will bring down the price”.
He said Nigerian government can do this if our refineries are functioning and regretted that our refineries are not working.
He lamented the none functioning of refineries and said the federal government should have ensured that the refineries are working before contemplating total withdrawal of the subsidy.
“Do you know what is going on in our system, we sold crude to others and they refined it and sell it back to us at a price higher than the crude we sold to them, why should Ghana give us electricity, why should Ghana sell fuel to us? Yet, we claim to be giant of Africa, we have brains in this country and means of making things work, yet we cannot come together and ensure things work,” he said.
The Lawmaker noted that nobody is against withdrawal of subsidy if the refineries are in good condition saying “the federal government should first address what is seen as the most critical aspect of that subsidy, which is work on our refineries, provide good roads. That is what the people are saying.”
He expressed disappointment that the federal government has not exposed the so- called cabals enjoying the subsidy and queried that” if there are cabals and the federal government
knows them, does it mean the federal government cannot arrest them; these people are not
masquerades, there are human beings, the President must be firm and order for the arrest and
prosecution of the cabal.”
ENDS
News
China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle
The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.
Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.
Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.
He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”
The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.
Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.
He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.
By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.
He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.
He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.
Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.
He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.
He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.
Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.
“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.
Niger Delta
Bayelsa’s Aircraft Makes Inaugural Flight…As Lawmakers, Oil Minister, NDDC’S MD Hail Diri
Niger Delta
Traditional Ruler Seeks End To Benin Artifacts Unauthorized Promotion
-
Niger Delta5 days agoBayelsa’s Aircraft Makes Inaugural Flight…As Lawmakers, Oil Minister, NDDC’S MD Hail Diri
-
Featured1 day agoOil & Gas: Rivers Remains The Best Investment Destination – Fubara
-
Nation2 days agoOgoni Power Project: HYPREP Moves To Boost Capacity Of Personnel
-
Nation2 days ago
Hausa Community Lauds Council Boss Over Free Medical Outreach
-
Nation2 days ago
Association Hails Rivers LG Chairmen, Urges Expansion Of Dev Projects
-
Nation2 days ago
Film Festival: Don, Others Urge Govt To Partner RIFF
-
Rivers2 days ago
UNIPORT Moves To Tackle Insecurity … Inducts Security Experts
-
News1 day agoNDLEA Arrests Two, Intercepts Illicit Drugs Packaged As Christmas Cookies
