- A former senator who represented Kaduna Central, Shehu Sani, has commented on the payment of subsidies in Nigeria
- Senator Sani said Nigerians are in the dark concerning the faces and names of those in whose accounts the subsidy funds are deposited
- Sani's remarks follow the announcement of the removal of the fuel subsidy regime by President Bola Tinubu on Monday, May 29
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Writing on his verified Twitter handle on Thursday, June 1, the Peoples Democratic Party (PDP) chieftain wondered which individuals were pocketing the subsidy funds.
"We have been defending the payment of subsidies but we don’t know the faces and names of those in whose accounts the money is deposited."
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Subsidy payment: Nigerians back Shehu Sani
The former lawmaker's tweet has gathered different reactions from Nigerians who also have questions for the government.
See some reactions to Sani's tweet below:
"Welcome to Nigeria, where institutions and administrations lack transparency, talk more of accountability."
@treasureagbaje also wants to know the people behind this.
"Exactly, who are these marketers that we don't know?"
Shehu Sani reacts as Tinubu restates plan to remove fuel subsidy
Sani stated that there are many frauds associated with the subsidy regime.
He wrote on Twitter:
"Within seven months last year, the CBN ‘defended’ the Naira with $11.24 Billion.
"Currently, petrol subsidy consumes N400 billion monthly.
How fuel subsidy payment is impacting Nigeria’s economy
Nigeria’s huge fuel subsidy payment is taking a toll on the country's revenue.
It has been estimated that the federal government spent a total of N10.413trn on fuel subsidies between 2006 and 2019.
The plan, according to authorities, will help shore up the federal government’s revenue.
But the people receiving the FG's payment remain a mystery.
Petrol prices surge in Nigeria after subsidy move
In a piece of related news, Legit.ng earlier reported that the price of petrol in Nigeria tripled at government-run stations two days after newly-elected President Bola Tinubu announced he would scrap fuel subsidies in his first move after taking office.
His announcement was followed by mixed reactions as to when the measure would take place.
The previous government of Muhammadu Buhari had budgeted subsidies until the end of June.