Fuel Subsidy: Atiku Accuses Tinubu of Diverting Public Fund

iexclusivenews – In the shadows of government corridors, a clandestine operation unfolds—a secret payment system diverting public funds.

At the heart of this covert maneuver lies the contentious fuel subsidy.

Former Vice President Atiku Abubakar has raised the alarm, accusing the Bola Tinubu-led administration of perpetuating this financial opacity.

The Veil of Secrecy

The veil of secrecy shrouding the subsidy payment raises eyebrows. Why the reluctance to disclose the actual expenditure?

Atiku contends that transparency should be the bedrock of governance.

Yet, the administration remains tight-lipped, leaving citizens in the dark about the true cost of this venture.

Oil Sector Investment Woes

Investors eyeing Nigeria’s oil sector face a conundrum. The clandestine subsidy regime acts as a deterrent.

Uncertainty looms, and capital inflows waver. Tinubu’s administration must recognize that opacity undermines investor confidence.

A stable investment climate demands clarity, not obfuscation.

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Policy Contradictions and Elusive Truths

Tinubu’s policy pronouncements oscillate like a pendulum.

While he claims the subsidy is abolished, his Special Adviser on Energy hints at intermittent interventions.

Finance Minister Wale Edun labels it an “ongoing process.” The Coordinating Minister of the Economy’s document, once authoritative, now faces disavowal.

Global Watchdogs Confirm Subsidy Continues

The World Bank and the IMF concur: Nigeria still pays petrol subsidies.

Yet, the Tinubu government remains evasive. Investors notice the contradictions.

For a leader championing foreign direct investment, this doublespeak undermines credibility.

Tinubu, as petroleum minister, must address this paradox.

Accountability Deficit

The denial of subsidy payments hints at a deeper malaise.

Funds meant for the Federation Account—resources shared with states and local governments—disappear into a black hole. Accountability evaporates.

The National Assembly must act—scrutinize, question, and hold the administration accountable.

A Call to Action

Posterity watches as daylight robbery unfolds. The National Assembly’s duty transcends trivial matters.

It must pierce the veil, expose the truth, and safeguard public funds. Failure to act would stain its legacy.