Subsidy: PDP Asks Buhari To Apologise To Nigerians For Deceiving Them

TRACKING____ABUJA – The Peoples Democratic Par­ty (PDP) has asked President Muhammadu Buhari to ten­der unreserved apology to the entire nation for allowing his administration to deceive Ni­gerians while secretly running an over-bloated and sleazy oil subsidy regime as now exposed by the Nigeria National Petro­leum Corporation (NNPC).

Recall that on Wednesday, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, had explained that the Federal government is remov­ing petroleum subsidy because it does not benefit the ordinary Nigerian.

He had said that not leaving market forces to determine the pump prices of the product is to the advantage of the rich in the country who have several cars in their garages.

But, PDP on Friday said its demand is predicated on the confession by the NNPC Man­aging Director, Kyari, that the Buhari administration had been running an over-bloated subsidy which is against the national interest.

PDP, in a statement by its spokesman, Kola Ologbondi­yan, holds that Kyari’s open confession is a direct vindica­tion of “our stand that the All Progressives Congress (AP­C)-led administration has been neck deep in serial oil fraud.”

The party noted as appalling that while President Buhari castigated previous PDP ad­ministrations and announced that oil subsidy existed only as a fraud, he had secretly continued to preside over an over-bloated subsidy regime through which over N14 tril­lion belonging to Nigerians have been stolen.

In Kyari’s words, “there are many things wrong with the under-recovery … the under-re­covery itself is so over-bloated because we are subsidising the whole of West Africa. That has to stop.”

PDP said that from this, “it is clear to all that the Buhari ad­ministration had not only been covering sleazy oil subsidy re­gime but also an under-recov­ery fraud with an international dimension.