Fayose Knocks Osinbajo Over Fuel Subsidy

Fayose Knocks Osinbajo Over Fuel Subsidy

Like This Video 0 1950 Segun Vincent
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.

Similar Videos

Banks That May Lose Billions Of Naira To CBN’s Directive On BVN Deadline

0 1810 0

The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks (First Bank, Union Bank ). These set

Latest World Bank Ranking Shows We Can Do Better – Osinbajo

0 2269 0

Vice President Yemi Osinbajo on Wednesday said Nigeria’s ranking in the latest World Bank Doing Business report shows that the country can do and be better. Osinbajo made this assertion when a team from the World Bank formally presented the

Actor Odunlade Reflects On Experience As UNILAG Student

0 2309 0

Nollywood actor Odunlade Adekola has described his undergraduate experience at the University of Lagos as “thrilling” following his graduation from the school recently. Adekola is being rumoured in many quarters not to have attended classes during the period his Business

No Comments

No Comments Yet!

No Comments Yet!

But You can be first one to write one

Write a Comment

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.
Required fields are marked*