Buhari to remove oil subsidy

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...towards a better life for the people VOL. 25: NO. 62432

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MONDAY, JUNE 22, 2015

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Buhari meets >>54 governors tomorrow

NNPC slashes crude oil prices over >>9 supply glut

Buhari to remove oil subsidy •Subsidy money to fund free education, social welfare •To unbundle NNPC for energy sector efficiency •Plans to block leakage of funds; Labour agrees •FG to pay controversial N160 billion subsidy claims

By Soni Daniel, Regional Editor, North & Emeka Anaeto, Economy Editor

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B U J A — PRESIDENT Muhammadu Buhari plans to totally remove fuel subsidy and use the proceeds for the provision of free and compulsory primary/ secondary education across the country. The administration is also said to be working on unbundling the Nigerian National Petroleum Corporation, NNPC, to make it more efficient in the production and delivery of products to Nigerians. These proposals form part of the strong Continues on Page 5

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OIL SPILLAGE—Officials of Bayelsa Ministry of Environment; Nigerian Agip Oil Company and host communities during their visit to a site of an oil spillage on Agip’s Ossiama-Ogboinbiri pipeline in Okpotuwari community, Southern Ijaw LGA, Bayelsa State, yesterday. Inset: Oil workers fix a ruptured pipeline that discharged crude into the environment. Photos: NAN.

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Buhari to remove oil subsidy by Vanguard Media Limited - Issuu