Coronavirus: Atiku Calls For Reduction Of Petrol Prices, Abolition Of Stamp Duties

Atiku Abubakar has called for drastic measures including the reduction of petrol prices to ensure that the country does not slip into recession.

Responding to the coronavirus pandemic, Atiku in a statement issued on Tuesday also called for political unity towards ensuring that broad national consensus is reached towards articulating a national framework on the issue.

He said:
“All hands must be on deck in a multi partisan manner to ensure that Nigeria does not return to economic recession. This is possible with decisive leadership and disciplined management. 

 “As such, I recommend that policies like the Stamp Duty on all types of accounts be temporarily suspended, until such a time as the nation’s economy has turned the tide in the fight against this virulent scourge. 

“Furthermore, as the landing cost of Premium Motor Spirit, also known as petrol, has reduced significantly, it is strongly recommended that the government should not absorb the savings, but should pass it on to the Nigerian people by way of reducing the pump price of PMS to reflect the current prevailing market costs. 

“In addition to these measures, the government is urged to request large scale industrialists and employers of labour not to disengage workers. Definitely, this scourge will affect their production and profitability. However, if they know that the government is behind them and will do all to support them, they are less likely to disengage workers. 

“These are extraordinary times, and we as a nation must take extraordinary measures to protect the entire nation. Nigeria is our collective home, as such, we must suppress every partisan disagreement and think and work patriotically to ensure our national survival in the midst of global uncertainty. 

“Nigeria Must Take Decisive Economic Action to Protect Our People from the Ravages of the Corona Virus

 “The corona virus is raging in the world and not just ravaging human beings, it is also affecting economies. Nigeria is not an island onto itself, and we must take measures to protect the economic well being of our nation and people.”

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