Nigerian Politician Calls for Transparency in Oil and Gas Sector
A chieftain of the Peoples Democratic Party, Chief Bode George, has urged the Federal Government to be transparent and accountable in the oil and gas sector, specifically regarding the payment of fuel subsidies. In a recent statement, George emphasized that Nigerians have the right to know the true state of affairs in the sector, which has been marred by confusion and speculation.
The ongoing debate surrounding the removal of subsidies on premium motor spirit (petrol) has led to widespread confusion among citizens. President Bola Tinubu announced the removal of the subsidy in May 2023, but the decision has been met with controversy and mixed signals. Recently, Atiku Abubakar, the 2023 presidential candidate of the PDP, claimed that the Federal Government is still covertly paying for the subsidy, fuelling further speculation.
George’s comments come as a wake-up call for the Federal Government to provide clarity on the issue. He expressed his frustration with the "back-and-forth" position of the government, which he believes has led to a lack of trust among citizens. "The Federal Government needs to be transparent. One day, we’re told there’s a subsidy, and the next day, it’s gone—Nigerians deserve the truth," George stated.
Furthermore, George criticized the Federal Government’s decision to sell crude oil to Dangote’s refinery in naira, calling it "a ticking time bomb" that could have disastrous consequences for the country’s already volatile economy. He emphasized that the country’s external reserves are already depleted, and this policy could be the final nail in the coffin.
As the debate continues, Nigerians are left wondering about the true state of affairs in the oil and gas sector. George’s call for transparency is a timely reminder of the need for accountability and honesty from the government. The public awaits clarification on the subsidy issue and hopes that the government will take steps to address the confusion and uncertainty that has gripped the country.
