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ADC CHIEFTAIN WARNS AGAINST REMOVAL

By NBF News
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BY DOTUN IBIWOYE
Presidential candidate of the African Democratic Congress, ADC, in the last general elections, Prof. Peter Nwangwu, has warned that the removal of fuel subsidy will be detrimental to majority of Nigerians who are living in abject poverty.

In a chat with Vanguard yesterday, Nwangwu said the only way majority of the poor in society could benefit from the dividends of the national oil wealth was to subsidise fuel.

He said:  :'I understand the desire of the Federal Government to save money by removing fuel subsidy. My only concern is that the government will save more money from removing corruption and waste in government than by removing fuel subsidy.

'The only way the majority of the poor in the society can benefit from the dividends of the national oil wealth is the fuel subsidy. If removed, prices of services and products in all sectors in society will increase  to the detriment of the majority poor.'

'Let's remove waste and corruption in government and in society first, and then we can remove fuel subsidy afterwords.'

A Professor of Pharmacology, Toxicology and Clinical Pharmacy, Nwangwu, alongside Haakeem Olajuwon and Phillip Emeagwali, were among the twelve Nigerians selected and documented as people who have made the greatest positive impact and contributions to the American society.

It will be recalled that Nwangwu and  Prof Pat Utomi of the Social Democratic Mega Party, SDMP, stepped down for President Goodluck Jonathan two weeks before the April general elections.