Oby Ezekwesili, the presidential
candidate of the Allied Congress Party of Nigeria (ACPN), says if elected as
president, she would let go of fuel subsidy.
The former vice-president of the
World Bank, said this while unveiling her roadmap for 2019 in Lagos on Monday.
She said the Muhammadu Buhari
government has renamed oil subsidy and under-recovery and has spent N1.3
trillion on fuel subsidies.
She went on to put the figure in
context, by saying the same government allocated N1.3 trillion to capital
projects for an entire budget year.
Ezekwesili said she is committed
to implementing difficult reforms, including the oil sector reform.
“When I read somewhere that the
minister of state for petroleum resources disclosed that the federal government
spends N1.3trillion on under-recovery, which is the new name that this
government has given to fuel subsidy, I was shaken.
“N1.3 trillion, as in 1.3
trillion? Let me put that figure in perspective for you. The former minister of
finance told us a few months ago that the total amount that the federal
government released for capital expenditure is N1.3 trillion”.
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