Fayose Knocks Osinbajo Over Fuel Subsidy

Fayose Knocks Osinbajo Over Fuel Subsidy

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Added by December 28, 2017

Governor Ayodele Fayose of Ekiti State has slammed Vice President Yemi Osinbajo over his comment regarding fuel subsidy.

It would be recalled that Osinbajo had said the Nigerian National Petroleum Commission (NNPC) bears the cost of fuel subsidy and not the Federal Government.

The governor in a statement issued by his spokesman, Lere Olayinka, wondered if there was any difference between the NNPC and the federal government.

Fayose said contrary to what is being presented, the NNPC does not have the rights to swap crude oil for subsidy nor to spend money it generates from the sales of crude oil.

Fayose also wondered where the money “is coming from” if subsidy is being paid by the NNPC.

“Where is NNPC getting the money with which it is subsidising petrol with N26 per litre? Is NNPC spending money from the sales of crude oil that should be paid into the federation account to pay subsidy?

“I like the vice-president, he is a pastor and I don’t believe that he will also join others in Buhari’s government to lie to Nigerians.

“However, this one that he presented NNPC as an agency of the federal government that can allocate fund without the approval of the president is very strange to me.” he said.

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