The National Orientation Agency has stated that the liberalization of the petroleum industry’s downstream sector will increase work prospects for Nigeria’s burgeoning youth population.
According to the News Agency of Nigeria, the NOA’s Kaduna State Director, Alhaji Zubairu Galadima-Soba, said this on Monday.
He noted that the goal of the deregulation program Is to foster healthy competition in the petroleum sector by ensuring that market prices accurately represent market conditions.
“Marketers will be urged to restart importing Petroleum Motor Spirit, which will increase competition and eventually lower prices.”
He claimed that the strategy will promote the entry of foreign investors, the creation of jobs, and the growth of the infrastructure.
“Trillions of naira in subsidies would be utilized to build essential infrastructure in a variety of industries, including agriculture, health, and education.”
He also claimed that the deregulation of the sector will also deter the smuggling of Nigeria’s already heavily subsidized PMS to other countries, which occasionally causes fuel scarcity.
The head of the state NOA stated that the sensitization campaign was conducted in all 23 local government areas of the state with the intention of winning the support of the populace for the Federal Government’s decision to end fuel subsidies.
Galadima-Soba claimed that the agency has already delivered the message to the offices of traditional authorities, places of worship, village squares, parking lots, markets, and neighborhoods.
“While talking to the people, they lament the pain the policy has caused them, but they also expressed hope that it is only a temporary problem.”
He added that they made an appeal to the Federal Government to make sure that the money saved from the removal of the subsidy was used wisely for projects that would benefit the average person.
In addition to urging people to support the government, he stated, “We reassure them of the government’s commitment to enhancing the welfare and security of its residents.
