N1 Trillion Kerosine SubsidyMoney Misappropriated -Tambuwal

The speaker of the House of Representatives has revealed
that records show that the
Federal Government spent N1
trillion naira on kerosene
subsidies between 2010 and
2013. The money was neither
budgeted for, nor was the
subsidised kerosene available
for Nigerians to buy. Despite
this the money was regularly
deduced from the federation
account.

From Nigeria Communications
Week N1 Trillion Spent Illegally
on Kerosene Subsidy –Tambuwal
Mr. Aminu Tambuwal, speaker of the House of Representatives, has said that available records indicated that the Federal Government spent over N1 trillion on kerosene subsidy between 2010 and 2013.

Tambuwal said in spite of the expenditure not having the approval of the National Assembly, the product was not available for “suffering Nigerians” to buy.

He also noted that the product was not sold in any part of the country at the subsidised price of N50 per litre. Tambuwal who was represented by Mr. Emeka Ihedioha, his deputy spoke in Abuja as the House Committee on Petroleum Resources (Downstream) opened an investigation into subsidy payments on kerosene between 2010 and 2013.

The committee, which is headed by Mr. Dakuku Peterside, has the mandate to establish the actual
amount spent on subsidy by the Nigerian National Petroleum Corporation, the sole supplier of the product, and how it got the
authority to subsidise it.

“Curiously, since there were no budgetary provisions for subsidy on kerosene, the people of Nigeria will obviously be interested in knowing the source of funding of kerosene subsidy and on whose
authority such money was appropriated.” Tambuwal added Mr. Andrew Yakubu, group managing director of the NNPC, evaded questions on the actual amount of money spent on subsidy during the years under
review. Mr. Haruna Momoh, managing Director of the Pipelines and Products Marketing Company, gave the figures of kerosene supplied in the respective years as follows: 2010 (2.5 trillion metric tones); 2011 (1.9 trillion metric tonnes); 2012 (2.6 trillion metric
tonnes); and 2013 (2.6 trillion metric tonnes).

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illegally-on-kerosene-subsidy-
tambuwal