A former minister of education, Oby Ezekwesili,
has reacted to the current fuel scarcity and suggested a way to avoid it in
future.
Ms. Ezekwesili, in a series of tweets on her
verified Twitter handle, said total deregulation of the oil sector was the way
to ensure a permanent solution to the crisis.
“Dear President .@MBuhari of @AsoRock It is not
Rocket Science to FIX the Distortion in the Oil Sector. It is the underlying
cause of the annual #FuelScarcity.
“It’s time to LET GO of the “politically
beloved petroleum sector”. Sir, the SOLUTION is FULL DEREGULATION. Just. Do.
It!” she said.
Opponents of full deregulation have argued that
it would lead to price increase as government would no longer be able to fix
the selling price of the product. In a full deregulated situation, marketers,
governments and businesses could bring in petrol at their own cost and sell at
any price they deem fit.
While urging the president to ensure good
governance, the Bring Back Our Girls leader said ensuring full deregulation
would bring about productive incentive to the nation’s oil and gas sector.
“P @MBuhari, unleash the Productive Incentive
that FULL DEREGULATION would bring to the Oil & Gas Sector of our economy
immediately. Severe the umbilical cord that has tied up the sector in the knots
of Politics. Free that sector NOW. End the poor governance & suffering,”
she added.
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