Friday 4 July 2014

Day 35: My National Conference Exploits (Public Finance and Revenue)

Day 35: My National Conference Exploits...

Tuesday 3rd June 2014...

The conference resumed sitting at 09:03 am; presided over by the chairman.

Votes and proceedings of Monday 2nd June 2014 were read, amended and adopted.

Announcement:
The chair announced that the cornotion of a delegate - Emir of Gummi, Justice Lawal Hassan Gummi is scheduled for Sunday 22nd June 2014 at the township stadium Gummi Zamfara state. He extended invitation to delegate and gave us the duration it will take on air and on land - but I no see flight ticket o.

We continued discussion of the committee on Public finance and revenue where we stopped yesterday.

The contentious issue in that report was the recommendation made by the committee that there is a need for the removal of fuel subsidy completely, some delegates were for and others were against.

A motion was brought to the floor giving some conditions to be made before complete removal of subsidy and the modalities were as thus: 

 - The federal Government shall, within a period of three years from the date of approval of the report of this conference, build new refineries and repair existing ones to full capacity utilization.

- The private sector entrepreneurs  who have already been granted  licenses to build new refineries shall, within a period of three years from the date of approval of the report of this conference, build such new refineries or automatically forfeit such licenses, to enable other participants who are ready and willing to build such refineries within a period of three years the oppurtunity to so so.

- That upon fulfillment of the preceding conditions, the federal government shall be free to remove any existing subsidy from petroleum products.

The committee report - public finance and revenue was then adopted as amended.

The committee on public service, headed by - Engineer Ebele Okeke presented their report.

After the presentation, we adjourned at 6:17 am, to resume the following day 9am....

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