Tuesday, November 29, 2011

U.S supports fuel subsidy removal in Nigeria

Mr.McCulley Mr.McCulley
The United States Ambassador to Nigeria, Terence McCulley has said that  his country’s government is in support of the planned removal of fuel subsidy in the country.
The ambassador made the statement in Abuja on Monday during a visit to the Minister of Labour and Productivity, Chief Emeka Wogu.
A statement signed by the Assistant Director for Media in the Ministry, Samuel Olowookere, said the visit was to enable the ministry to sensitise the U.S. embassy on the challenges  facing the Federal Government with regards to job creation and to  seek ways to collaborate in solving them.
 The U.S. ambassador said the creation of jobs through diversification of the economy was a welcome development.
‘’We will look for ways to partner with you to bring in the U.S business people to invest in this area and create jobs as Nigeria is central to President Barack Obama’s National Export Initiative designed to export goods and machinery to the country . This  would benefit the Nigerian economy,’’ the News Agency of Nigeria quoted Mr. McCulley as saying during the visit.
Wogu said although unemployment was  not peculiar to Nigeria, ‘’job creation and employment generation is at the fore-front of the transformational agenda of President Goodluck Jonathan.
‘’Unemployment is a global thing and the U.S government is also battling it the same way we are tackling this problem in Nigeria’’.
According to him, the removal of fuel subsidy would create revenue for capital projects which would result in job creation.