A former Deputy National Chairman of the Peoples Democratic Party (PDP), Bode George, has urged the federal government under the leadership of President Bola Tinubu to address the confusion regarding the status of fuel subsidy removal in the country.
He advised the government to ensure transparency and accountability as regards the management of the nation’s oil sector.
Speaking with newsmen on Thursday at his office in Ikoyi, Lagos State about the situation, the PDP chieftain stressed that Nigerians deserve to know the truth about the fuel subsidy removal claims by the current government and urged the government to stop the ” back-and-forth.”
“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.
“This constant back-and-forth is confusing. Where is the transparency? Who can we trust?” George questioned.
Bode George also criticised the Federal Government’s decision to sell crude oil to the Dangote refinery in naira, saying the move could be a final nail in the coffin on the country’s depleted foreign reserves.
Bode George said, “This decision to sell crude in naira is a ticking time bomb. Crude oil is our major income generator, bringing in foreign currency that bolsters our external reserves.”
“But now, our reserves are already depleted, and this policy could be the final nail in the coffin.”