By NBF News

BY Dayo Johnson
Akure-The Chairman, Obat Oil and Petroleum, Oba Obateru Akinruntan yesterday appealed to Nigerians to exercise restraint and await the Federal Government's  guidelines on the removal of oil subsidy before jumping into conclusion.

Oba Akinruntan who is the Olugbo of Ugboland, in Ondo State said  stakeholders should reserve comments on the issue since it was still a proposal instead of making comments that could create tension or cause crisis.

He spoke at Ode-Ugbo while conducting newsmen round his multi-billion naira modern palace and five-star hotel under construction in the ancient town.

The traditional ruler said though Nigerians ought to be apprehensive of the effect of the proposed subsidy removal, but noted that it would not be proper to protest or criticize an issue that was still under consideration.

According to him  'The issue of subsidy removal is still a proposal. Nigerians should await federal government guidelines. We can start commending or condemning the government action after studying the guidelines and process for executing it. It is still under consideration'

Speaking on the return of peace to the area, the Oba said his style of administration had fully restored peace to once volatile community.

Oba Akinruntan said 'God has assisted us to restore peace in the Ugbo kingdom. Nobody is fighting against each other again and we are all better for it. We have started the process of development that will make us forget about the ugly past'