Former Vice President Atiku Abubakar’s right-hand man, Phrank Shaibu, isn’t buying the government’s silence on the alleged return of fuel subsidies. He smells a rat – a N1 trillion-a-month rat, to be precise.
Shaibu claims the All Progressives Congress (APC) is funneling public funds into private pockets through an opaque, secret subsidy regime. This, he says, explains why the Nigerian National Petroleum Company (NNPCL) isn’t paying its fair share into government coffers.
WHATSAPP: Click HERE to join the NaijeEyes WhatsApp Channel to receive latest updates on your phone!
Read this: N47bn Debt: AEDC Threatens To Disconnect Aso Rock!
Remember Tinubu’s boast about ending subsidies? Shaibu calls it a “lie from the pit of hell”, pointing out the glaring price disparity between diesel and petrol. Diesel, at over N1,200, reflects the true market value, while artificially cheap petrol hints at a hidden subsidy.
Why the silence? The lack of official response to media reports alleging a N1 trillion monthly subsidy, says Shaibu, speaks volumes. He accuses Finance Minister Wale Edun and CBN Governor Yemi Cardoso of complicity in a cover-up, further raising eyebrows.
But the plot thickens. Shaibu alleges the Tinubu administration is intentionally stifling the Dangote refinery, which could ease Nigeria’s reliance on imported fuel. He claims Dangote is even forced to import crude oil from the US while the NNPC commits Nigerian oil to a $3.3 billion loan, raising questions about priorities.
Shaibu’s scathing critique paints a picture of economic mismanagement and hidden agendas. He dubs Tinubu’s economic team as “quacks and charlatans” leading the country towards an even bleaker future.
Will the government respond? Will the truth about the alleged subsidy come out? This fuel-fueled saga is far from over.
WHATSAPP: Click HERE to join the NaijeEyes WhatsApp Channel to receive latest updates on your phone!
Read this: WE ARE NOT INTERESTED IN EMPTY TALKS, NLC!
