Former Governor of Bauchi State, Isa Yuguda, has shed more light on the fuel subsidy policy of previous administrations in Nigeria.
According to Yuguda who was a former minister of state for transport, fuel subsidy was “a scam run by the Nigerian National Petroleum Company (NNPC).”
Yusuf’s accused the NNPC, marketers and other stakeholders in the oil sector of “stealing the country blind” in the name of subsidizing petrol.
“I am sad to let Nigerians know what I saw; we came across situations where subsidy was claimed on pipelines that never existed,” Yuguda said.
The former minister further explained that “They (NNPC and Marketers) just claim that they have pumped X amount of either finished products or crude.
“Those that claim to pump the products and those that are in the subsidy scam, they just fill papers, invoices and they claim subsidy on it.”
Recall that during his inaugural address at the Eagle Square on May 31, President Bola Tinubu declared that his administration would not pay a dime to subsidize petrol.
