Former Vice-President Atiku Abubakar’s Special Assistant on Public Communication, Phrank Shaibu, has said that the Federal Government has re-introduced petrol subsidy through the back door.
Recent media reports stated that monthly subsidy payment is
nearly N1 trillion, which exceeds the amount that was being paid monthly by the
President Muhammadu Buhari administration.
Shaibu, in a statement issued Monday while reacting to
reports by the International Monetary Fund (IMF), said that the Nigerian
Government had begun paying petrol subsidy again.
He maintained that it had become clear that one of the
reasons that the Nigerian National Petroleum Company Limited had not been
paying the required amount of money into the government’s account was that
monies were being diverted under an opaque and secret subsidy regime.
He said, “Tinubu has been boasting at every economic forum
that he deserves to be in the Guinness Book of records for removing petrol
subsidy. He even said before ringing the closing bell at NASDAQ in New York
last September that the ‘corrupt subsidy’ regime and FX issues had been
resolved.
“But as with every other thing relating to Tinubu, this has
turned out to be another lie from the pit of hell. Currently, the exchange rate
based on what the Central Bank of Nigeria recommended to the Nigeria Customs Service
is N1515/$1. Hence diesel price is now over N1,200 but petrol is still selling
for between N600 and N700.
“Nigeria is the only country in the world where such
disparity between diesel and petrol exists. It has become obvious that petrol
subsidy has returned through the backdoor.
“With the return of petrol subsidy, oil marketers have opted
out and that is why the NNPC has returned to being the sole importer of petrol
once more and has the temerity to be announcing that it will not increase
petrol cost regardless of the international price of crude oil and the exchange
rate.”
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If oga tinubu can reverse the subsidy, God will bless him the more because people are dying of hunger. May our boss Mr president hesr the cry of the poor and return the subsidy
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