Govs, NLC doubt fuel consumption, NNPC demands N3tn for subsidy - Punch Newspapers

Published• Reps raise 28-member panels to probe daily fuel consumption, refineriesThe Nigeria Governors’ Forum and the Nigeria Labour Congress on Wednesday took a swipe at the Nigerian National Petroleum Corporation over what they described as the mismanagement of the fuel subsidy regime.

The Federal Government had on Tuesday suspended its plan to remove fuel subsidy in June. It also shifted the implementation of the Petroleum Industry Act by 18 months. The Edo State Governor Godwin Obaseki, who joined the meeting virtually, warned that Nigeria could either continue acting like Santa Claus or take concrete actions rather than wasting away N3tn on subsidy. He said the country would do well if it revamped the power sector, virtually comatose.

The President’s spokesman, however, said the decision was based on the need to ameliorate the sufferings of Nigerians and not the 2023 elections.Adesina stated this as the Federal Government proposed a N3tn budget to meet the funding provisions of the incremental fuel subsidy request in the 2022 appropriation act.

“Having taken into account the current realities; increased hardship in the population, heightened inflation, and also that the measures that needed to be taken to enable a smoother exit from the fuel subsidy are not yet in place, council agreed that it is desirable to exit fuel subsidy. According to Ahmed, the approved amendment to be transmitted to the National Assembly will request to repeal clauses 10 and 11 concerning the Economic and Financial Crimes Commission and the Nigerian Financial Intelligence Unit operations in the 2022 budget and restore what the lawmakers had deleted, amounting to N103bn.”

The Speaker consequently set up two ad hoc committees to separately investigate the daily consumption of fuel and state of the refineries. Tilije who stated this in an interview with The PUNNCH on Wednesday in Asaba, called on the NLC to as a matter of urgency demand for exact litres of fuel being consumed per day.

“When this government told us that it was going to revive our four refineries in Nigeria, why haven’t it been able to revive just one or two? That is the point we are making. He noted that the removal of fuel subsidy was an inevitable and necessary evil that must be implemented, either by the present regime or the next administration.

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