The National Coordinator, Social Integrity Network (SINET) Mallam Ibrahim Isah has urged the federal government to consider fuel subsidy removal in order to avoid high rate of revenue loss.
This was part of a statement he signed Thursday in Abuja.
He also urged President Muhammadu Buhari to support the Federal House
of Representative towards the recurrent challenges of corrupt practices and misappropriation of fund by the authority of the Petroleum Products Pricing and Regulatory Agency, PPPRA in line with the mandate of the current administration.
According to him, “It is saddening that the Executive Secretary of the agency, Mr.Abdulkadir Saidu, as alleged by the Federal House of Representatives’ Committee on Finance led by Hon. James Faleke, failed to remit generated revenue from 2014 to 2019, after his refusal to honour the lawmakers’ invitations on two different occasions.”
“If the federal government can consider removal of subsidy on fuel along with the ongoing border closure policy, crashing of high rate of Treasury bill without taxation and increase of Value Added Tax, (VAT) to 7.5 percent, this will serve as strong economic tools for the overhauling of the nation’s economic which will further boost the actualization execution of infrastructural facilities, payment of the minimum wage of workers funding of health sector among other positive impacts in the society.
