Senator representing Kwara Central, Bukola Saraki says Nigeria was losing a total of $2 billion to fuel subsidy.
Saraki, a senate presidency hopeful in the 8th National Assembly regretted that the alleged fraud in the scheme was being allowed to fester by the Federal Government. He therefore urged the incoming administration of Muhammadu Buhari to completely remove the fuel subsidy and restore normalcy to the petroleum sector.

“No matter what is happening now, if you go back to look at it, the major issue that dwindled us was the subsidy management. We are talking of about minimum of over $32 billion wasted on it over the last five to six years,” Saraki told newsmen in Abuja.

“That is the difference between where we are now and that time. It has impacted on our exchange rate, it is going to impact on our infrastructure, there is no money for capital budget.”

Commenting on his ambition to become the next Senate President, Saraki maintained that he had the capacity, competence and the will power to lead the 8th Senate towards rapid socio-economic development of the country.

ok

All of a sudden APC has become the champions of subsidy removal after conniving with the petroleum marketers to stage the occupy protest.

Now they have used poor ignorant Nigerians to wangle their way into govt and now they cannot wait to fix the refineries as they suggested back then..... They want to outrightly take it out.

Guess who was fooled afterwards?

Buhari once said there was no subsidy, so what do they intend to remove if there was no subsidy?

David west said there was no subsidy and that PMS will see for 40 naira per litre under APC...... Which subsidy is Saraki then referring to?

Nigeria's problem is not the corrupt leadership but rather the ignorant and illiterate leadership aided by the crude mob mentality. Otherwise, we would have been asking the right questions.

Which fuel subsidy? ..there is nothing like subsidy