Bode George on Fuel Subsidy Transparency, a Call to FG

Demanding Clarity on Fuel Subsidy

On August 10, 2024, Bode George, a prominent PDP member and ex-deputy chairman, pressed President Bola Tinubu to reveal the actual status of fuel subsidy in Nigeria. George insisted that Nigerians have a right to know whether the government continues to subsidize fuel costs covertly.

Allegations of Resumed Subsidies

Recent speculations suggest that the Federal Government may have reinstated fuel subsidies. Ex-governors Isa Yuguda and Nasir El-Rufai claim the administration has raised fuel subsidy payments above past amounts. Amidst this, the Finance Minister, Wale Edun, disclosed Nigeria spends about $600 million monthly on fuel imports. This financial revelation heightens the ongoing controversy surrounding fuel subsidies.

Call for Transparency on Arise TV

On Arise TV’s Morning Show, Bode George voiced frustration about the unclear fuel subsidy situation. He criticized the government’s transparency, noting conflicting reports about the subsidy’s existence. Who is telling the truth?”

The Public’s Right to Know

George emphasized that understanding the truth behind fuel subsidy payments is not just a matter of public interest but a fundamental right. He argued that clear and honest communication from the government would garner public support for its policies.

Ownership and Accountability

Highlighting the National Nigerian Petroleum Corporation Limited’s (NNPCL) ownership structure, George reminded viewers that the corporation is owned by all Nigerians, not just the state. He called for transparency to ensure that government actions align with the interests of its citizens.

Democracy and Transparency

The plea for transparency over fuel subsidies underscores the broader demand for accountability in governance. As Nigeria grapples with economic challenges, clear and honest communication from leaders like President Tinubu is essential to maintain public trust and democratic stability.

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