The Presidency has raised questions over how many Nigerians enjoy the benefit from low fuel prices as it has continued to defend the recent hike in petrol prices, as spokesman Garba Shehu on Friday questioned how many Nigerians benefit from low fuel charges.
While speaking on the removal of fuel subsidy by the Federal Government, the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, during a television programme on Channels, questioned how many Nigerians have cars or generators in their homes that will require fuel.
It can be recalled that the majority of Nigerians had expressed outrage over the removal of fuel subsidy which resulted to increase in fuel prices. They have complained about the timing of the increase even as many Nigerians are still dealing with the effects of the coronavirus pandemic.
Shehu, during the programme, argued that it is unfair for poor Nigerians to continue to subsidize the lifestyle of urban dwellers.
Shehu Garba said, “We belong to a global market system. We are buying, mostly, refined products from the international markets. Is it fair that the taxpayer’s money . . . how many Nigerians have cars anyway? How many of them run generators in their homes that they need this fuel for? Is it fair that the farmer and the herder and all of these low-level people in our society, that the taxpayer money is taken from them and is subsidising the lifestyle of our city, urban dwellers? So the President is just trying to be as practical as possible on this matter.”
On the deregulation of the oil and gas sector, Shehu also defended President Muhammadu Buhari’s comments on Independence day, where he compared the price of fuel in Nigeria with that obtained in Saudi Arabia.
He said: “So Saudi Arabia is important in this discussion because what is the technical cost of producing a barrel of oil in Saudi Arabia? It’s not more than a quarter of what we spend here. And yet you see that they charge more than Nigeria. How much comes to Nigeria? One, you look at their technical cost. So therefore Nigerians should be realistic.”
He added that it was unwise for the government to continue to determine prices and be an active player in the petroleum industry.
He said, “Government is not the best manager of businesses; we should surrender them to the market. We have done this with the telecoms; the telecoms are serving the whole nation excellently well, and when we do this with petrol, we will no longer have to cope with queues, spending two nights ahead of Christmas travel. All nations of the world put this thing to the market. We should no longer pretend.”