Menu Close

Falana to Government: Review petrol subsidy removal policy in consumers’ interest

*Femi Falana, human rights lawyer and Senior Advocate of Nigeria, challenges the Federal Government to review petrol subsidy removal policy, as the Nigerian National Petroleum Company Limited has not denied the ‘serious allegation’ of continued payment of fuel subsidy till this day

Isola Moses | ConsumerConnect

Against the backdrop of industry some industry stakeholders’ recent pronouncements about the purported continued payment of subsidy on the commodity, Mr. Femi Falana, human rights lawyer and Senior Advocate of Nigeria (SAN), has urged the Federal Government to review its fuel subsidy removal policy.

Falana, in a statement issued Sunday, March 3, 2024, asked the Nigerian Government to respond to certain claims that it has continued to pay petrol subsidy, as he sought a review of the policy.

ConsumerConnect had reported President Bola Ahmed Tinubu, during his inauguration speech, Nay 29, 2023, in Abuja, FCT, had declared an end to the controversial subsidy era.

The presidential pronouncements on an end to the fuel subsidy regime subsequently induced increases in price of petrol in various parts of the country.

Affirming the government’s payment of petrol subsidy recently, the World Bank and Mr. Robert Dickerman, Managing Directors and Chief Executive Officer (CEO) of Pinnacle Oil and Gas Limited, also claimed that the Federal Government is still paying subsidy for the consumer product.

Following these claims, Falana, in the statement, urged the government to respond to them, and review the policy.l accordingly.

The human rights lawyer stated: “Curiously, the Nigerian National Petroleum Company 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.”

Falana also recalled that after “the Muhammadu Buhari administration announced that it had removed subsidy on petrol, it turned around to spend N11 trillion on the so-called ‘under-recovery’ within a period of 8 years.

“Therefore, instead of urging Nigerians to continue to endure the hardship caused by the removal of subsidies on petrol, the Bola Tinubu administration.”

He said: “If the Federal Government is spending as much as N1trillion on fuel subsidy per month, it is high time the policy was reviewed in the interest of the Nigerian people.”

Kindly Share This Story

 

Kindly share this story