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.
