SSA to Katsina State Governor, Aminu Balele Kurfi discussing on interesting issue with President of Federal Republic of Nigeria,President Muhammadu Buhari and Katsina State Governor Rt. Hon. Aminu Bello Masari in Daura, a day before Katsina Economic and Development Summit.
Aminu Balele Kurfi is a senior Special Assistant(Sports) to Katsina State Governor , an ardent supporter of President Muhammadu Buhari and an Economist of renowned order,Specialist on Economic Policy.
He Speaks Out On His facebook page:
Removal Of Fuel Subsidy Will Definitely Bring Hardship On Nigerians But The Pain Will Only Last For A Night And The Benefits Is Forever.
On the benefits of subsidy removal, Kurfi said that this will tackle the incessant scarcity of petrol due to importation and also the spring up of petrochemical industries alongside local refining to create jobs.
As economist I can argued that the removal of fuel subsidy may not be a bad as speculative by roadside economists and the Nigeria labour Congress (NLC). Clearly it was not sustainable on an economy nearly bankrupt, decaying infrastructures,militancy, Boko Haram, endless crisis between marketers and the government on oil subsidy payment which translate into trillions, the fall of crude oil prices around the globe from $110 to $40+ as inherited by President Buhari administration.
Yesterday, I have a telephone conversation with a senior colleague on Subsidy removal and reform of downstream sector and he argued that the decision President Muhammadu Buhari should have taken earlier in his administration. I am sure he was not persuaded to tarry a while by those who were benefitting from it beside President Buhari is a man of proven integrity, honesty and experience.
I also assured him that With deregulation of downstream sector that put ending to fuel scarcity across the nation, reduce hoarding, smuggling and diversion of the product. Withdrawal of fuel subsidy is one issue and deregulation of down stream is another issue. market forces will prevail, greater competition will bring prices to a more realistic level.What we had before was not working. This one will.
I also think that President Buhari’s response to Britain’s David Cameron’s gaffe was apt. Britain and the rest of the West, release the spoils of corruption! Stop aiding and abetting it.
"I'm not ready to ready to join issues with anybody, this is my school of thought that I believed is workable for Nigeria" Kurfi
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