CAPPA urges FG to minimise effects of subsidy removal

THE Cooperate Accountability and Public Participation Africa (CAPPA), a civil society organisation, says the new leadership of the country needs to minimise the impact of fuel subsidy removal on Nigerians.

According to the non-profit, reducing the effect of fuel subsidy removal on the people will propel sustainability and stability across the country.

The new president, Bola Tinubu, had declared that “subsidy is gone” during his inaugural speech Monday, May 29.

He noted that the subsidy was unsustainable and rising costs could not be justified as resources dwindled.

“We shall instead re-channel the funds into better investment in Public infrastructure, education, healthcare and jobs that will materially improve the lives of millions,” Tinubu added.

Since the President’s declaration, fuel prices and transportation cost has almost tripled.

Speaking on this, CAPPA’s executive director, Akinbode Oluwafemi, in a statement issued on Thursday, June 1, said Tinubu must work to mitigate the suffering of the people.

“We strongly advise President Tinubu to work to cushion the impact of subsidy removal on Nigerians and righteously manage the nation’s commonwealth to inspire a prosperous, sustainable, and inclusive future for all.

“This is particularly important in the wake of the President’s bold move to eliminate fuel subsidies.”

The civil society organisation urged Tinubu to stick to his campaign manifesto and work to improve the economy through job creation and food security.






     

     

    CAPPA called for protection of human rights and the supremacy of the rule of law.

    “As the President commences his tenure, we further appeal to him to fortify Nigeria’s democracy by safeguarding human rights, upholding the rule of law as promised during his campaign.”

    The organisation called for a “government that is transparent, accountable, and immune to corruption and nepotism, which have become the bane of our national progress”.

    “Ultimately, the hope of Nigerians lies in President Tinubu’s capacity to restore the country’s lost glory. CAPPA, alongside the Nigerian populace, will extend unwavering support to this mission. We remain hopeful about the future and stand ready to support the new administration in nurturing a culture of transparency, accountability, and Public participation,” CAPPA added.

    Beloved John is an investigative reporter with International Centre for Investigative Reporting.

    You can reach her via: [email protected]

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