Fuel Subsidy: PDP Tackles APC, Accuses FG Of Plot To Siphon N3trn

Fuel Subsidy: PDP Tackles APC, Accuses FG Of Plot To Siphon N3trn

The Peoples Democratic Party (PDP) has accused the ruling All Progressives Congress (APC) led Federal Government of a plot to siphon N3 trillion under the guise of financing fuel subsidies.

In a statement on Thursday by its National Publicity Secretary, Debo Ologunagba, described the government’s request for the approval of the sum by the National Assembly as a scam.

While the main opposition party said it was not against suspension of the fuel subsidy removal, it stressed that spending N3 trillion for subsidising was outrageous and an unpardonable crime against Nigerians.

It also demanded full disclosure of specifics of the subsidy templates, including details of the cost of importation of petroleum products into the country.

The PDP, in the statement, urged the National Assembly to reject the request, saying approving such would be a great disservice to Nigerians who elected them as their representatives.

It is even more disturbing than the proposed increase is to be funded through external borrowings, which will further impoverish Nigerians, mortgage the future of our nation, and burden future generations of Nigerians just to finance the insatiable greed of APC leaders.

The PDP, standing with the Nigerian people, vehemently rejects the bandying of incoherent, unsubstantiated, and heavily doctored figures by the APC government in its desperate lies on domestic consumption and landing costs.

Our Party challenges the APC to present the details of importation costs to Nigerians as no genuine pricing template can support such criminal increase in fuel subsidy beyond the appropriate pricing which experts posit cannot be above N500 billion.

The PDP, therefore, calls on the National Assembly to stand with the people and reject the scandalous N2.557 trillion addition for fuel subsidy at this critical time as approving such would be a great and unpardonable disservice to Nigerians.


Hon. Debo Ologunagba

National Publicity Secretary

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