Don't Miss


Home   >   Business   >   Industries   >   Energy   >   It’s crazy to spend $8bn on fuel importation – Ben Bruce

It’s crazy to spend $8bn on fuel importation – Ben Bruce

By on September 21, 2013

Federal government came under a heavy knock from the Chairman of Silver Bird Group, Ben Bruce , when he  lashed out on the government for spending $8 billion on fuel importation annually.

Bruce was speaking in Abuja at the launching of a book entitled “Why Run Before Learning To Walk”, written by Professor Turner Isoun and Miriam Isoun .

He attributed the ongoing Academic Staff Union of University, ASUU strike in the country to lack of fund, which he said was a direct implication of the $8 billion spent by federal government annually on fuel importation and called for total removal of oil subsidy to enable government tackle other critical needs.

“The reason why Nigeria is broke is because we spend $8 billion a year, to buy patrol that generates smoke.  We need to address that issue, a lot of our problems are self inflicting. The laziness of some people in government in government must come to an end.  The expensive life style, popping of Champaign must stop.  We must go back to the era of creativity.

“When people are poor, they struggle to become rich, when people have nothing, they dream and think and use their imagination. Rich people are not going to be next NollyWood stars. They have money and resources. The stars of this country are going to come from Ajegunle, poor homes, single parent homes, homes where they have no money, homes where they have one meal a day. These are the kind of people we should have in government with imagination,” he noted.

Bruce further lambasted the Academic Staff Union of Universities, ASUU for complaining of poor funding, after opposing total removal of fuel subsidy, saying, the union must be realistic in their demand rather than playing to the gallery.

“When ASUU went on strike, they asked President, “why will you spend $8 billion a year on fuel importation, when he could have spend it on their welfare.” When subsidy was removed, they opposed government action for removing subsidy and is now demanding for better pay, you can’t oppose deregulation and on the other hand, demand for higher pay” he  stated.

The Silver Bird boss, who expressed disappointment with the way a politicians spend public fund, called for adoption of renewable energy and a paradigm shift from being a lazy and consuming nation to a creative and manufacturing nation.

He also lambasted some state commissioners for investing public fund in the importation of tricycle, which he said is a 150 years old technology that should not be allowed into Nigeria, instead , he advocated for adoption of latest and more efficient technologies that would deliver better services to the people.

“The problem of this country can be solved, but too much money makes us lazy and incompetent. We must have renewable energy. We have the sun, so we should use solar power. We have what most people want and therefore, we should use electric cars, and we will not spend $8 billion to import fuel every year.

“Right now, a lot of ministries, federal and states, have too much money.  President and governors should not give them any money. Too much money makes them lazy and less money makes them use their imagination and think.”

 

 

 

[Vanguard]