US supports FG on oil subsidy removal

THE United StatesAmbassador to Nigeria, Terence Mc-Culley, has said the government of the US is in support of the planned removal of fuel subsidy in Nigeria.The ambassador, according to a statement, said this in Abuja, on Monday, during a visit to the Minister of Labour and Productivity, Chief Emeka Wogu.The visit was to enable the ministry to sensitise the US embassy to the challenges facing the Federal Government, with regard to job creation and to seek ways to help in solving them.The statement, signed by the Assistant Director (Press) of the ministry, Samuel Olowookere, quoted the US ambassador as saying that the creation of jobs, through diversification of the economy, was welcome.'We will look for ways to partner with you to bring in investors to invest in this area to create jobs, as Nigeria is central to President Barak Obama's National Export Initiative to export goods and machinery to Nigeria, which would benefit Nigerian economy.'Wogu said although unemployment was not peculiar to Nigeria, 'job creation and employment generation is at the forefront of the transformation agenda of President Goodluck Jonathan.'Unemployment is a global thing and the United States government is also battling it the same way we are tackling this problem.'He said the removal of fuel subsidy would create revenue for capital projects, which would result in job creation.'Government is desirous to remove fuel subsidy and the revenue that will accrue to the Federal Government in that regard will go into agriculture, education and health, among other safety nets,' he said.
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