Date: August 05, 2020, 05:55:38 AM
Buhari’s Corruption War: Musings on US Damning Report : Politics : Nigerialog.com - Nigeria's Premier Online Forum
Let’s talk about subsidy payment. Before Buhari assumed office, Nigerians were told that the payment of petrol subsidy by the Jonathan government was one big fraud. Shockingly, this government has been spending more on petrol subsidy than its predecessor. Junior Minister for Petroleum, Ibe Kachikwu, recently confirmed that petrol subsidy payment had risen to N1.4 trillion annually. The latest figure means that an average of N3.76 billion is paid daily to ghost petrol suppliers. This government has now given subsidy payment a fraudulent name i.e. “under-recovery” payment. Nigerians will love to know these suppliers and how much each gets as subsidy.Spending a monstrous $5.8 billion on the importation of 9.8 million metric tons of petrol in four months – October 2017 to January 2018 – is outrageous. This means that this government spent about $17 billion on the importation of petrol last year. Which corruption is bigger than this?