FG Dares Nigerians To Choose Between Fuel Subsidy Removal And Salary Payment

Trouble looms as FG Dares Nigerians To Choose Between Fuel Subsidy Removal And their Salary Payment.

TruetellsNigeria reports that Minister of State for Petroleum Resources, Mr Timipre Sylva has revealed that Nigerians will have to make a choice between fuel subsidy and the payment of their salaries.

Sylva said this after a closed-door meeting with President Muhammadu Buhari at the State House, Abuja, on Monday.

The minister noted that the Federal Government’s earnings, from oil and non-oil sectors coupled with low revenue receipts from the Federal Inland Revenue Service (FIRS), have dropped by 60 percent, putting the nation’s economy under serious pressure.

He particularly noted that the revenue being generated by the Federal Inland Revenue Service (FIRS) had also reduced drastically due to the negative consequences of the COVID-19 pandemic in the country.

The minister, who spoke to State House correspondents after his routine briefing of the president, acknowledged that the current socio-economic challenges had made life more difficult for Nigerians while appealing for more understanding as the government was determined to uplift the quality of life of the people.

The minister also assured that Nigerians would get used to the recent deregulation of the pump price of PMS, just as they did with kerosene and diesel which are more important to ordinary citizens than petrol, which is mostly used by the elite.

According to him, trucks that move food items from one part of the country to another use diesel, while kerosene also used by most of the Nigerian masses, has since been deregulated.

”The only explanation to everything we have said is that the country just could not afford subsidy anymore. It is unfortunate we are experiencing some of these things now. We will get by, I am sure when things stabilize, our earnings begin to improve, we will begin to see the benefits of what this government has done”, he said.