As President Muhammadu Buhari settles to the responsibility of leading the country today, the managing director of Capital Oil, Mr Ifeanyi Ubah, has called on him to remove fuel subsidy as well as probe the marketers behind the nation’s recent shutdown.
Ubah was speaking with select journalists in Abuja where he appealed to Nigerians to support the deregulation in other to get petroleum products at the lowest price.
He said, “I have always been of the view that we should deregulate so that we can cut out corruption but unfortunately Nigerians didn’t take it from Jonathan.
“I urge President Buhari to take a bold step and deregulate the oil sector. He is not a stranger to the sector having being a former minister of petroleum. He will be respected for taking the step. There’s no point paying subsidy when Nigerians are not benefiting it. The president will be doing the right thing if he deregulates the sector so that the product will be sold at cheaper rate in the future.”
Although he confirmed that marketers were being owed by government, he, however, maintained that the agitation for the payment of their monies was not properly handled.
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