FORMER GOVERNOR OF Anambra State and the senator representing Anambra Central in the senate, Dr. Chris Ngige has said that the reason his party, the Action Congress of Nigeria, ACN, would not support the removal of oil subsidy is that doing so means supporting the perpetuation of corruption.
Speaking with newsmen in Awka, Ngige said dealings in the petroleum industry was enmeshed in corruption, adding that those responsible for the importation of petroleum products have been giving Nigerians wrong figures which had contributed in the high cost of the products.
“I will not support the removal of oil subsidy, but I will fully support the fight against the cartel that had held everybody hostage. If the subsidy is removed, people will pay more for almost all services in the country because petroleum has a ripple effect on the economy,” the senator said.
According to him, the worrisome aspect of the situation is that there is so much inefficiency in the system and wondered why Nigerians should continue to pay for the inefficiency of those they put in charge.
The senator said no country that has the interest of her people at heart exports her products in a crude form only to import the refined one at a very high cost.
He said that if the local refineries were operating at their full capacity, there would be no need to import the products with their adverse consequences.