The Academic Staff Union of Universities, ASUU, has insisted that Nigeria has no subsidy.

The President of ASUU, Professor Emmanuel Osodeke, spoke on the Alex Ekweme Federal University, Ndufu-Alike, Ikwo in Ebonyi State.

Osodeke puzzled why Nigeria can be exporting crude oil for the previous 70 years and may’t refine the product at dwelling.

During his inauguration, President Bola Tinubu introduced that “subsidy is gone.”

A declaration that led to a hike in value and a scarcity of the product throughout the nation.

But talking on Wednesday, Osodeke mentioned: “We don’t believe that there is fuel subsidy.

“You can’t be exporting crude oil for the past 70 years, and you still cannot refine the crude oil and sell to your people at the Nigerian rate, not at the dollar rate. Then, something is wrong.”

The ASUU boss additionally decried the shortcoming of the nation to have a functioning refinery, decrying the humongous quantities spent on the present ones.

“It is not rocket science to build a refinery. When the country deliberately refuses to maintain the ones they have but people [working there] are being paid.

“Nigeria has spent trillions of naira in the past three years or so on the renovation of refineries yet nothing is working. Meanwhile, smaller countries have functional refineries,” he mentioned.