…says President’s refusal to disclose amount spent on subsidy evidence he’s hiding something
Presidential candidate of the Peoples Democratic Party in the 2023 election, Atiku Abubakar, on Thursday, accused the President Bola Tinubu administration of diverting public funds through petrol subsidy.
Atiku alleged that the refusal of the present administration to reveal how much is being spent on subsidy shows it is diverting funds secretly.
The former Vice President spoke in a statement reacting to the stand of the Presidency that its policy on fuel subsidy remains the same.
The Presidency in a statement by Bayo Onanuga, on Thursday, insisted that its position on fuel subsidy had not changed.
Onanuga insisted, “The fuel subsidy regime has ended. There is no N5.4 trillion being provisioned for it in 2024, as being widely speculated and discussed.”
But Atiku in his reaction through his spokesman Paul Ibe, said, “Tinubu has brought the shady nature of running Lagos to the federal level. He claims subsidy is gone but his Special Adviser on Energy, Olu Verheijen, says they are intervening from time to time while his Finance Minister, Wale Edun, described subsidy removal as an ‘ongoing process’.
“A document authored by the Coordinating Minister of the Economy revealing how much subsidy is being paid is now being disowned by the very authors of the document.
“Both the World Bank and the IMF have revealed in separate reports that Nigeria is still paying petrol subsidies, but the Tinubu government refuses to come clean. Even a senior member of the APC had revealed that subsidy was being paid.
“For a man who claims to be on a mission to attract foreign direct investment, it is ironic that he cannot see that his policy flip flops and lies are capable of dissuading investors. He must come clean on this subsidy issue since he doubles as petroleum minister.
“The Tinubu administration should be courageous enough to own their policies and outcome with their full chest and responsible enough to be accountable for their actions to Nigerians.
“This denial lends credence that money meant for the Federation Account, which ought to be shared to states and local governments, is being diverted without any form of accountability whatsoever.”
Atiku also urged the National Assembly to act on the development, saying ” There is a need for the National Assembly to get to the bottom of the matter rather than focusing on frivolous issues.
“The National Assembly needs to be alive to its responsibilities, especially in the area of oversight. Posterity will not be kind to members of the National Assembly if they continue to look the other way while daylight robbery is taking place.”
