Friday, January 6, 2012

Fuel Subsidy Removal: The "Fraud" Committed By "Companies" Who Enriched Themselves With Fuel Subsidy

Before the eventual removal of the fuel subsidy by the Nigerian government, citizens of Africa's most populous nation had envisaged that the government would make the move. When the National Assembly deliberated on the fuel subsidy issue and it was opposed by some members of the legislature, those privileged to know the internal workings of the Goodluck Jonathan administration pointed it out that the President would carry on with the move regardless of the opinion of the National Assembly.
The first indication that the subsidy hitherto enjoyed on petroleum was gone came when the President presented the 2012 Budget Proposal to the legislative arm of government and no amount was allocated as fuel subsidy in the whole document.
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