Kelvin Bowoto
Femi Falana (SAN), a human rights lawyer, has called on President Bola Tinubu’s federal government to reconsider the policy of removing fuel subsidies after reports that Nigeria continues to pay for them.
Although Tinubu announced an end to the subsidy era upon his inauguration as president, the World Bank and the CEO and Managing Director of Pinnacle Oil and Gas Limited, Mr. Robert Dickerman, recently asserted that the federal government continues to provide subsidies for the products.
As a result, Falana issued a statement urging the administration to respond to their concerns while also reviewing the policy.
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“Curiously, the Nigerian National Petroleum Corporation Limited has not seen it necessary to reject the serious charge that gasoline subsidies have been restored. Because there is no provision for fuel subsidies in the Appropriation Acts of 2023 and 2024, Falana stated that the federal government should confirm or refute the serious claim and stop the opacity surrounding fuel importation from foreign countries without further delay.
“It should be noted that after the Muhammadu Buhari administration stated that it had withdrawn petrol subsidies, it went on to spend N11 trillion on the so-called “under-recovery” during an eight-year period.
“Therefore, instead of imploring Nigerians to bear the pain caused by the elimination of petrol subsidies, the Bola Tinubu administration. If the federal government is spending up to N1 trillion per month on fuel subsidies, it is past time to reconsider the policy in the best interests of the Nigerian people.”
Techrectory with Agency Report.
