The Nigeria Employers’ Consultative Association has urged the Federal Government to unearth fuel subsidy scam and announce a definitive plan to remove it.
The Director-General, NECA, Adewale-Smatt Oyerinde, said this while addressing journalists in Lagos recently.
He explained that it was distressing to witness long queues in petrol stations across the country when the government claimed to have paid trillions in petrol subsidy.
Oyerinde noted that 2022 remained one of the most challenging years for the organised private sector, adding that the pandemic-inflicted leadership and sustainability challenges forced organisations to take extraordinary measures in real-time with zero planning.
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He said, “Government has to stop making a mockery of Nigeria and the citizens. Notwithstanding the subsidy payment, Nigerians are still compelled to endure long queues to buy it at almost a black market rate, fuelling inflation and economic hardship.”
He claimed that enterprises in Nigeria were forced to operate under excruciating circumstances.
He said, “Things changed drastically and dramatically, leaving no industry across the world unaffected. In Nigeria, enterprises were forced to operate under excruciating circumstances, made worse by inherent systemic contradictions.
“As organisations faced sustainability issues, they, at the same time, had to deal with rising energy costs, regulatory…
