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Last Updated: Monday, November 1st, 2004 HOME | Previous Page Fuel Price : Nigerians to appreciate Obasanjo later, says Bode George By Segun Adeleye, Reporter, Abeokuta The People’s Democratic Party (PDP) National Vice Chairman for the South West Zone, Chief Olabode George has said that the pains currently being experienced due to the deregulation of the oil sector by President Olusegun Obasanjo is transient. He assured Nigerians that they would later appreciate the president’s efforts. Besides, George said 11 private refineries have been approved by the federal government to speed up the liberalisation process in the oil and gas sub-sector of the nation’s economy. Fielding questions from journalists after leading his party’s zonal executives on a solidarity visit to the Ogun State Governor, Otunba Gbenga Daniel in Abeokuta at the weekend, the retired Naval boss added that only deregulations could restore hope to the oil sector. “Government has deregulated that sector. In other words, if (Adams) Oshiomhole or even labour wants to import finished products, they are free. This price is not economic, it is not profitable, government spends N350 million everyday to subsidise petroleum products,” the PDP chieftain stated. Comparing the sector with the telecommunications and aviation sectors, George said that Nigerians experience in the global system for (GSM) would be replicated in the oil sector, even as he described opponents of the reforms as “armchair critics playing to the gallery”. The Southwest PDP boss, who had earlier appealed to traditional rulers and religious leaders to caution former governor Olusegun Osoba to desist from troubling the soul of Ogun State faulted insinuations that Obasanjo was not a listening President. According to him, the constitution of the Senator Ibrahim-Mantu committee to work out measures to cushion the effects of petroleum prices hike is an indication that the President is concerned about peoples’ welfare. Meanwhile, Osun State Governor, Olagunsoye Oyinlolo, has advised Daniel to ignore detractors so as not to derail on his populist programmes, saying the attack on the Daniels at Ilaro was a ploy to slow the governor down in his determination to transform the state.     Copyright� 2004. All Rights Reserved. Independent Newspapers Limited Block5, Plot 7D, Wempco Road, Ogba, P.M.B. 21777, Ikeja, Lagos State, Nigeria. www.independentng.com e-mail: [email protected] Designed By Powered By DNet.

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