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Falana to Tinubu: ‘Tell Nigerians if your govt still pays fuel subsidy’

A human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has challenged the administration of President Bola Tinubu to come out clean on the alleged return of the fuel subsidy regime.

In a statement, Falana quoted Robert Dickerman, chief executive officer of Pinnacle Oil, who recently claimed that the federal government still pays N1 trillion every month for petrol subsidy.

However, the senior lawyer said instead of urging Nigerians to continue to endure the hardship caused by the removal of subsidies on petrol, Tinubu should go public about the state of the economic policy.

Falana also wondered why the Nigerian National Petroleum Corporation Limited, NNPCL, has not responded to several claims of return to subsidy payments by the International Monetary Fund, the IMF, and the World Bank.

“During his inauguration on May 29, 2003, President Bola Tinubu announced the end of fuel subsidies and total deregulation of petroleum products,” Falana said.

“But at the recently concluded Nigeria International Energy Summit,NIES, held in Abuja, the Chief Executive Officer and Managing Director of Pinnacle Oil and Gas Limited, Mr. Robert Dickerman, revealed that the Nigerian Government still pays N1 trillion every month for petrol subsidy,” the statement reads.

“Mr Dickerman, who made the disclosure while participating in a panel discussion, disclosed that a significant subsidy is still in place, adding that this has contributed to the affordable price of the product and potentially fueling smuggling activities to neighbouring countries.

“On its own part, the World Bank has alleged partial return of fuel subsidy in a report presented in Abuja last December.

“In justifying its claim then, the World Bank said that based on the official exchange rate then, the petrol should sell for around N750 per litre and not the N650 currently being paid by Nigerians.

“Curiously, the Nigerian National Petroleum Corporation Limited has not deemed it fit to deny the serious allegation that fuel subsidy has been restored.

“Since there is no provision for fuel subsidy in the 2023 and 2024 Appropriation Acts, the federal government should, without any further delay, confirm or deny the serious allegation and end the opacity surrounding the importation of fuel from foreign countries,” he added.

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One Comment

  1. It’s a joke taken too far that 1 trillion is being paid monthly for fuel subsidy but we are still paying #665 for litre of fuel. This government has done an irreparable havoc to the country. Things may never come back as before.

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