6th August, 2010
The United Action for Democracy (UAD) has raised an alarm over an imminent fuel scarcity in the country.
The UAD in a statement made available to P.M.NEWS, accused the Federal Government of trying to achieve this through the Nigerian National Petroleum Corporation (NNPC).
The statement signed by Comrade Taiwo Otitolaye, convener of the organisation and Secretary, Wale Balogun, further accused the Governor of Central Bank of Nigeria, CBN, Sanusi Lamido and the NNPC of clamouring for deregulation of the downstream sector in their own interests.
â€œThe word subsidy is a thieving language employed by the looters of our economy to justify their nefarious acts.
â€œThese are the conflicts of transformation and development in a capitalist democracy. The poor is enslaved and there is growth in tyranny.
â€œWe have no option than to build, own and manage our refineries. We must also begin to diversify the economy, not relying solely on oil and gas,â€ the statement said.
The UAD accused the federal government of trying to waste N6 million for the celebration of the 50th anniversary of the country’s independence when the same country is facing infrastructural challenges.
”Our national economy is entangled between western imperialism and their auxiliary agents.
â€œDeregulation, commercialisation, privatisation and globalisation are all antics of imperialism,â€ the group stated.