Niger State governor, Dr. Babangida Aliyu has asked the Federal Government to deregulate the oil sector by removing subsidy on petroleum products.
Aliyu spoke while commissioning a N620 million three-star hotel jointly developed by the Niger State Development Company Limited, NSDC, and the State Sure-P, adding that the removal of the subsidy would cut the wings of the Mafia in the industry, thus giving room for free and regular flow of the commodity to all parts of the country.
The subsidy on petroleum product, Aliyu argued, was currently being enjoyed by only a section of the society who had the necessary connections to be importers of the commodity.
‘’Unless fuel subsidy is removed and we go back to the real market, we will continue to have the type of problem facing the country at the moment. Is it not an irony that we sell crude oil and end up buying refined petroleum from the international market?’’ Aliyu said.
On power supply, the governor suggested the regionalism approach in the distribution of power instead of making all parts of the country to be on the national grid.
Aliyu said it was also sad to note that states that had the resources to construct power plants were being asked to plough the energy generated to the national grid and in return get less than the mega watts they have generated for their state.