The Ekiti State Governor, Ayodele Fayose, has attacked the Presidency for spending money not appropriated by the National Assembly.
Gistlovers recalls that Vice President, Yemi Osinbajo, had said that the Nigerian National Petroleum Corporation, NNPC, was bearing the cost of fuel subsidy and not the Federal Government.
He added that the NNPC spends not less than N26 to subsidise a litre of fuel, thereby running into millions of naira, considering the number of litres imported into the country daily.
In a swift reaction however, Fayose said: “What is the difference between NNPC and the Federal Government? Who is NNPC and who is Federal Government? Is NNPC not an Agency of the Federal Government?”
Fayose stated that the President Muhammadu Buhari-led All Progressives Congress, APC, administration should disclose the source of subsidy it claimed to be paying on petrol, and stop addressing Nigerians as if they were kids.
“The fact is that NNPC does not have rights to spend the money it generates from the sales of crude oil. It does not have the rights to swap crude oil for a subsidy.
“Where is NNPC getting the money with which it is subsidising petrol with N26 per litre? Is NNPC using money from the sales of crude oil that should be paid into the federation account to pay subsidy?”, the Governor asked.
“I like the Vice President, he is a Pastor, and I do not believe that he will also join others in Buhari’s government to lie to Nigerians. However, this one that he presented NNPC as an Agency of the Federal Government that can allocate funds without the approval of the President, is very strange to me.
“If the subsidy is being paid by the NNPC as claimed by Osinbajo, where is the money coming from? Is it from the sales of crude oil? Does it now mean that the NNPC is spending part of the proceeds from the sale of crude oil, outside allocation to the Federal Government by the Federation Account Allocation Committee (FAAC)?”
Fayose, who accused the Buhari administration of insincerity and double standard, added: “We were all in this country in 2012, when chieftains of the APC, including President Buhari, led protests across the country against the removal of fuel subsidy.
“Before he became President, Buhari maintained that fuel subsidy never existed, and when he became President, he said he did not know what fuel subsidy meant.
“We were also in Nigeria in May 2016, when the Federal Government announced the removal of subsidy on petrol, and increased the pump price of petrol to N145 per litre. The same APC people who protested against the removal of subsidy and increment of petrol price to N140 in 2012, defended the removal in 2016, and increment of pump price to N145.
“In 2017 and 2018 budgets, provision was not made for the payment of fuel subsidy. Is the Buhari-led government spending funds not appropriated by the National Assembly?”
The Governor, further maintained that the current fuel scarcity was caused by the Federal Government, to force Nigerians to accept the planned increment of petrol pump price from N145 to N185 per litre.
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