Subsidy: Rebuild Nation’s Refineries, Sell Fuel In Naira Rate – ASUU Tasks FG


The Academic Staff Union of Universities (ASUU), has tasked the Federal Government to as a matter of national interest and sustainable development rebuild the nation’s refineries.

This was as the Union urged the Federal Government to sell fuel products to the people at the Nigerian only at Naira rate as against the Dollar equation, stressing that only functional and properly managed refineries would reduce the negative effect of the removal of fuel subsidy.

National President of ASUU, Prof Emmanuel Osodeke, who stated the position of academia on Wednesday at a Maiden Public Lecture and inauguration of its Secretariat at the Alex Ekwueme Federal University (AE-FUNAI), Ikwo Local Government Area of Ebonyi, decried the way the Federal Government had spent trillions of naira allegedly on repairing of refineries.

Osedeke therefore said that restoring the refineries would ensure sustainable development not only in the oil industry but in all other sectors.

In the words of Osedeke; “In fact, we don’t believe in fuel subsidy. There is no subsidy in this country. You cannot be exporting crude oil for the past 70 years and yet, you cannot refine the crude oil and sell to your people.

“Sell it to your people at the Nigerian Naira rate and not in Dollars. You see, something is wrong. So, there is need to rebuild our refineries and prioritize the nation’s education for sustainable development

“We are an affiliate of the Nigeria Labour Congress (NLC). So, whatever action they are taking on this nationwide issue, we will support them and our next action depends on NLC,” he added.

The ASUU President noted that the Lecture titled; “Reinventing Nigerian Universities for Research and Development: The ASUU Perspective”, was targeted at educating the public on the importance of research for nation building, saying; “Any nation that doesn’t promote education, always invites crisis.

In his paper presentation, a former President of ASUU, Prof Biodun Ogunyemi, called for the full engagement of the lecturers and stakeholders in education for a better country.

Ogunyemi particularly tasked federal and state governments to embrace research and prioritize education and improve the quality of life of the citizens.

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