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Subsidy removal: ‘Nigerians will suffer more’ — PFN

The Federal Government of Nigeria, FGN, was on Sunday told that the removal of fuel subsidy will worsen the suffering of the majority of Nigerians who are already impoverished.

Making this known through a statement, the President of the Pentecostal Fellowship of Nigeria, PFN, Bishop Wale Oke, however, urged the government to shelve the proposed policy in order not to worsen the hardship and trigger crisis in the country.

The statement read, “Everybody will feel it, particularly the less privileged. The negative effects will surely outweigh the positive.

“The cost of transportation for human and goods across the country will skyrocket, and other things connected which will have a spiral effect on the general living standard of the populace; the suffering will be multidimensional. Please let all stakeholders be sensitive to this avoidable path and do what is necessary.

“By whatever means, let the Federal Government put its heart into ensuring that our refineries are back to life. In addition, to stem the rising cost of living, farmers and others connected to them should be encouraged. This is what can help our economy.

“Without begging the issue, there should be well-defined palliative measures in place that can cushion the effect of the hardship being experienced by Nigerians, especially the commoners. One is not talking about political palliatives that never last. We have seen enough of such.

“An increase in the price of petroleum from its present N165 to N340 per litre can trigger tension and crises in the country which in turn can paralyse our economy if not handled with utmost care.

“Again, the planned introduction of N5,000 for 40 million poor Nigerians is to create a cesspool of corruption. How do you define the poor? They, mostly, don’t use telephones. They, mostly, don’t have bank accounts. How will the money get to them?”

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