The Southern Nigeria People’s Mandate has lauded the Federal Government for removing the subsidy on petrol describing the move as an easy way to check corruption.
The President of the group, Augustine Chukwudum, on Saturday, May 14 in an interview in Enugu revealed the position of the group on the removal of subsidy.
He urged Nigerians to understand that the removal of subsidy will only help ti improve the present economic situation in the country.
“We want to tell Nigerians that this laudable move by the Federal Government would check the age-long massive and unchecked corruption in the petroleum sector,” he said. “It will also open-up the petrol downstream sector to competitiveness and gradually market-forces will push down fuel price below N100 per litre very soon.
“Let us tell ourselves the truth. Before now, most localities in the country – with the exception of the capital cities of Lagos and Abuja – get the product for or above N120 per litre.”