Human rights advocate, Femi Falana (SAN), has urged the federal government under President Bola Tinubu’s leadership to reconsider its stance on fuel subsidy removal amid recent claims suggesting that Nigeria continues to bear the cost of subsidies.
Despite Tinubu’s declaration of the end of subsidy payments upon assuming office, both the World Bank and Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, have raised concerns about ongoing subsidy payments by the government.
In response, Falana issued a statement calling for government accountability and a reassessment of the subsidy policy.
“Notably, the Nigerian National Petroleum Corporation Limited has yet to refute the serious allegations of fuel subsidy reinstatement.
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With no provision for fuel subsidies in the 2023 and 2024 Appropriation Acts, the federal government must promptly address these allegations and bring transparency to fuel importation practices,” Falana asserted.
“The Buhari administration’s previous claim of subsidy removal contrasts starkly with the staggering N11 trillion spent on ‘under-recovery’ over eight years.
If the current administration is indeed spending up to N1 trillion monthly on fuel subsidy, it is imperative that the policy be reevaluated in the best interests of the Nigerian populace.
“Falana’s call underscores growing concerns over the economic impact of fuel subsidy policies and the need for transparent governance in addressing such issues.
