Hassani B. Stresses Citizen Rights to Energy Wealth
Libyan businessman Hosni Bay proposed converting the fuel and energy subsidy system into full cash support, aiming to reduce corruption and smuggling while increasing the effectiveness of support. He stated that this step could empower citizens to better manage their needs, reduce fuel consumption by up to 40%, and save over $6 billion annually. It would also bolster foreign currency reserves and improve the economic and social situation in Libya.
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