Fuel subsidy inefficient shrouded in secrecy

Atiku Abubakar
The Atiku Presidential Campaign Organisation said it is alarmed by Premium Times report of illegal diversion of $1.05 billion to secretly fund subsidy payment on petroleum products.

This revelation, the campaign organisation also said, has once again brought to the fore the need to review the administration and management of the subsidy regime by the Federal Government.

In a press statement, Monday, it further said: "We believe that the subsidy regime as it is currently being administered is inefficient and shrouded in secrecy.

"We are committed to the elimination of this process that is undertaken without any recourse to transparency and due process.

"Moreover, the retention of revenue by revenue earning agencies of the government for their operation is hardly done judiciously and responsibly.

"We will commit to a review of that policy such that every revenue earning agency is brought into the federal budget in accordance with international best practice."

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