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Falana Seeks Explanation For Fuel Subsidy Increase From N261 Billion To N1.4 Tri - Politics - Nairaland

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Falana Seeks Explanation For Fuel Subsidy Increase From N261 Billion To N1.4 Tri by priscaangel: 12:15pm On Apr 18, 2018
A human rights activist, Femi Falana, on Tuesday filed a Freedom of Information request to the Ministry of Petroleum Resources demanding details of how the Nigerian government’s payment of N261.4 billion per annum in fuel subsidy skyrocketed to N1.4 trillion.

In the FOI request addressed to Ibe Kachikwu, the Minister of State for Petroleum, Mr. Falana said the ministry failed to account for millions of litres of imported fuel between December 2017 and March this year.

In December 2017, according to Mr Falana, the management of the Nigerian National Petroleum Corporation (NNPC) said the nation’s consumption rate of fuel was 28 million litres per day and that subsidy cost was N726 million per day (N261.4 billion per annum).

But last month, Maikanti Baru, the NNPC Group Managing Director, said the corporation paid N774 million daily fuel subsidy due to a heightened petroleum consumption of 50 million litres per day.

On April 6, Mr Kachikwu said the annual expenditure on fuel subsidy has risen to over N1.4 trillion.

“We are not unaware that the increasing consumption rate has been blamed on the smuggling of imported fuel from Nigeria to neighbouring countries by some economic saboteurs,” Mr Falana, a Senior Advocate of Nigeria, stated in his FOI request.

“Assuming without conceding that the story of smuggling is true the total volume of fuel consumed by Benin, Togo, Cameroon, Niger, Chad and Ghana is said to be less than 250,000 litres per day. You will agree with me that this does not explain the difference of 32 million litres per day between the consumption rate of imported fuel in December 2017 and March 2018.”

Mr Falana accused the minister......continue reading : http://naijafadablog.com/2018/04/18/fuel-subsidy-increase-from-n261-billion-to-n1-4-trillion-falana-seeks-for-explanation/

Re: Falana Seeks Explanation For Fuel Subsidy Increase From N261 Billion To N1.4 Tri by ican2020: 12:17pm On Apr 18, 2018
What explanation, that is the change you asked for, so, enjoy it
Re: Falana Seeks Explanation For Fuel Subsidy Increase From N261 Billion To N1.4 Tri by enlady(f): 1:53pm On Apr 18, 2018
They do not have answers to your questions Falana. They have failed
Qed

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