Home News $20bn Kerosene Subsidy, Saraki Calls for Probe

$20bn Kerosene Subsidy, Saraki Calls for Probe


Sola Muyideen

The Senator representing Kwara Central at the National Assembly, Bukola Saraki, has called for a probe of the missing $20bn kerosene subsidy, berating President Goodluck Jonathan over the alleged missing fund.

Saraki said that if the missing money were recovered, it could be used to construct good roads across the country as well as provide jobs for Nigerian youths.

The former Kwara State Governor, who stated this while addressing youths during the Kwara South Youth Interactive Summit at Omu-Aran in Irepodun Local Government Area of the state, lamented the level of corruption in the country stressing that it is high time Nigeria youths stand up to effect change in the leadership of the country.

The Senator represented by his Chief of Staff, Hon Gbenga Makanjuola said: “In Nigeria, the sectors that lift the masses out of poverty has been grounded by corruption, inconsistent policies, state monopoly and inefficiency. The steel industry has never taken off in spite of the fact that major steel projects in Ajaokuta, Aladija and Osogbo were initiated since 1979.”

He added: “The textile industry that was the largest employer of labour is now in comatose. Manufacturing has lost its importance in Nigeria, now we’re importing every manner of products thereby laying off majority of workforce. Corruption is another major problem that has to be tackled. With incessant reports and unabated level of oil theft and bunkering, the Nigeria National Petroleum Corporation (NNPC) is yet to account for the revenues that come in.”

He further said: “The allegation by the suspended CBN Governor that NNPC has not remitted $20 billion to the federal account is being treated with levity while NNPC unilaterally, paid itself N620 billion as subsidy on kerosene. All these funds are yet to be recovered. Only a fraction of that money can construct the Lagos-Ibadan Expressway, the East-West road. The money could also have staved off the prolonged university teachers’ strike that almost cost a full academic session.”

Saraki also used the platform to urged Nigeria youths to come out to rescue Nigeria from these challenges stressing that if all stakeholders failed to rescue the country, the nation democracy will be endangered.

The Kwara State Governor, Alhaji Abdulfatah Ahmed represented by the State Commissioner for Sports and Youth Development, Hon Saheed Popoola, appealed to the youth in the country to resist any attempt by anyone or group to incite them for violence and negative acts.

While delivering her goodwill messages, the former Minister of Health, Princess Funke Oladoyin said youth should utilise natural resources within their areas stressing that government could intervene if they have organised themselves.

Adedoyin added that APC is about the people and the party culture and policies are people oriented.

The former minister charged young Nigerians to work with the state government so that they would not lose out on whatever is their entitlements and benefits.


Like and Share this: