ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

Subsidy removal‘ll free funds for infrastructural development –OPS

•Tasks FG on socio-economic issues that would arise

15th December 2021
in Business
0
Subsidy removal: Don’t overburden Nigerians, PFN implores FG
0
SHARES
87
VIEWS
Share on FacebookShare on Twitter

By Bimbola Oyesola

Organised Private Sector (OPS) yesterday threw its support for the removal of fuel subsidy as proposed by the Federal Government, saying it is riddled with corruption.

But it warned that it is also important for government to take step to address the socio-economic issues that would arise from the subsidy removal. 

Are you a Man 40 yrs and above? Do not miss the Vital Information, it goes off in 2 days! CLICH HERE to READ .

The Organized Private Sector of Nigeria (OPSN), comprising Manufacturers Association of Nigeria(MAN), Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigeria Association of Small Scale Industries (NASSI) and Nigeria Association of Small and Medium Enterprises (NASME) addressing the media on the state of the nation on Tuesday, said the fuel-subsidy regime seems fraught with corruption with few petroleum importers benefiting.

100% Natural Herbs to Finally End Premature Ejaculation, Weak Erection and Small Manhood. >>>Click Here for Details<<< .

They said the subsidy payment is a huge leakage from the revenue portfolio of the nation, adding that  there is need to address it urgently in order to free up needed funds for development.

Chairman of the OPSN, Mr Taiwo Adeniyi, who doubles as the President of NECA, said Nigerians should not suffer for a product that their nation is endowed with and neither should they suffer for the inefficiencies in government. 

Breaking!!! Earn up to N2 - N3 million monthly GUARANTEED (all paid in US Dollars). No training or refereal required. Do business with top USA companies like Amazon, Tesla, Facebook, IBM, Netflix, Zoom, etc. Learn more .

He said: “It is no gainsaying that the current subsidy regime is not sustainable, with the subsidy payment hovering around N150billion monthly and around N2trillion annually. With the removal of subsidy, the funds that would be saved could help address the wide infrastructural deficits and other gap in the country. “

Tags: Subsidy removal‘ll free funds for infrastructural development –OPS
Rapheal

Rapheal

Related Posts

We’ve spent N502.3bn on COVID-19 intervention –Finance Minister
Business

Minister charges NAICOM to boost insurance sector’s contribution to GDP

21st May 2022
NESG berates Nigeria’s high rate of joblessness, poverty
Business

NESG berates Nigeria’s high rate of joblessness, poverty

21st May 2022
FAAN refutes bomb scare report on Air Peace
Business

FAAN launches investigation after corpse found on Lagos airport runway

21st May 2022
Next Post
Fireworks in Senate over sexual harassment

Fireworks in Senate over revenue control

Glo-sponsored African Voices celebrates Omotola, others

We never thought brand new cars’ll be ours –Glo promo winners

The attack on Justice Mary Odili’s home

Raid on Justice Odili: 15 suspects for arraignment tomorrow

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ADVERTISEMENT

Highlights

Dr Yemi Ogunbiyi on Newspaper leadership, Stanley Macebuh way

Words of wisdom from the Okoturos: Things to do to prevent divorce in your marriage

Managing conflicts in marriage (part 2)

I don’t need a man to experience orgasm –Amara Maduka

I find it funny when people think I’m married to Mr Macaroni –Kemi Ikuseedun (Mummy Wa)

How Abasi won N1m in Aforevo Nollywood screenwriting contest

Trending

Lawmaker procures canoes to ease transportation for his constituents
Cover

Breaking: : Another Christian girl escaped death by whiskers in Bauchi State over alleged blasphemy

21st May 2022
0

  From Paul Orude Bauchi Barely one week after Deborah Samuel was killed in Sokoto over alleged...

ANAMBRA GUBER: Group commends PDP Congress Committee

Abia primaries: Court ties PDP NWC’s hands, orders use of only 3-man adhoc delegates

21st May 2022
Methodist Bishop, Onuoha declares for Abia governorship race

Methodist Bishop, Onuoha declares for Abia governorship race

21st May 2022
Winning with the Nigerian spirit

Dr Yemi Ogunbiyi on Newspaper leadership, Stanley Macebuh way

21st May 2022
Words of wisdom from the Okoturos: Things to do to prevent divorce in your marriage

Words of wisdom from the Okoturos: Things to do to prevent divorce in your marriage

21st May 2022

Follow us on social media:

Latest News

  • Breaking: : Another Christian girl escaped death by whiskers in Bauchi State over alleged blasphemy
  • Abia primaries: Court ties PDP NWC’s hands, orders use of only 3-man adhoc delegates
  • Methodist Bishop, Onuoha declares for Abia governorship race
  • Dr Yemi Ogunbiyi on Newspaper leadership, Stanley Macebuh way
  • Words of wisdom from the Okoturos: Things to do to prevent divorce in your marriage
  • Managing conflicts in marriage (part 2)
  • I don’t need a man to experience orgasm –Amara Maduka
  • I find it funny when people think I’m married to Mr Macaroni –Kemi Ikuseedun (Mummy Wa)
  • How Abasi won N1m in Aforevo Nollywood screenwriting contest
  • My ordeal with preeclampsia -Shine Begho
  • Chux Onyenyeonwu: I set out to write best historical novel ever
  • Rebel Cattle: Ohakim charges Nigerians to listen to Musa
  • Iquo Diana Abasi presents poetry album
  • Oil tycoon, Folorunso Alakija’s new N60bn luxury tower ready
  • Seinye Lulu-Briggs’ tale of triumphs
  • When Tokunbo Wahab shut down Banana Island
  • Celebrated architect, Fifi Ejindu hits diamond
  • Lucky Igbokwe to break the status quo
  • ASUU: Between the graveyard and a nation
  • Genevieve Nnaji: My thoughts, love and prayers are with you

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....