The
Federal Government will mitigate the
immediate impact the removal of oil subsidy will have on the populace, the
Minister of Information, Labaran Maku has assured.
Speaking
with journalists at the Presidential Lounge of the Lagos Airport, Maku said
government has designed a programme centred around immediate intervention in mass
transit in the country so that all
transporters would receive assistance in terms of vehicles that would be given
out and the railways to offer Nigerians cheaper alternative transportation to
help mitigate the cost of transport.
His
words:”There are railway services between Lagos and Abeokuta right now and there
are also railway services between Lagos, Ibadan and Ilorin, between Minna and
Kaduna. We are revamping the rail line from Port Harcourt to Enugu through Jos
to Maiduguri. That one is going on right now and we hope that in the aftermath
of deregulation, we will revamp the railways and also build new rail lines that
would travel faster and links some new areas”.
He
said that government would face power squarely because with deregulation, it hopeed to deliver on the Mandulap Hydro-electronic
project before 2015 and this would give additional 2, 600mw of electricity n
addition to generating power in 17 existing dams in the country in
the aftermath of deregulation.
On
oil, the Minister disclosed that government planned to build three additional refineries in Lagos, Kogi
and Bayelsa. These new refineries will process 400, 000 of crude oil into
finished products every day and with the seven refineries and start exporting.
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