Gov Abubakar Asks Nigerians to Support Deregulation of Petroleum


Governor Mohammed Abdullahi Abubakar of Bauchi State has asked labour leaders in the country to shun their planned industrial action over the deregulation of the down stream of petroleum and support the presidency for taking “a bold step” to transform the economy by addressing the major hurdles to meeting the local petroleum needs of the country.

He said the government’s action would save the nation nearly a trillion naira that was spent last year in the name of subsidy to provide the needed critical infrastructure.

The Governor made this appeal on Monday in the wake of an ultimatum issued by the labour leaders asking the federal government to rescind its decision to deregulate the downstream sector of petroleum which resulted in the increase of the price of the commodity to N145 a litre.

“No government in the history of this country has shown more commitment to the resuscitating the moribund economy of Nigeria, and putting on the right tract of meaningful development than the administration of President Muhammadu Buhari. But for the bold decisions being taken by the Buhari administration, Nigeria would have been declared bankrupt”, Governor Abubakar said.

He said Nigeria cannot afford to “continue living in the fantasy of thinking that all is well. The economy needs decisions like these to bounce back.