26 June 2012

Nigeria: Oil Subsidy Probe Has Paid Off - Emeka Ihedioha

Lagos — Deputy Speaker of the House of Representatives Emeka Ihedioha says the oil subsidy probe initiated by the legislators has eventually paid off as the percentage of oil being imported to the country has dropped by 40 percent without Nigeria experiencing fuel scarcity.

Ihedioha made this known while speaking as a guest speaker at a lecture titled, The Legislature: Roles, Misconception and Experience in Consolidation of Democracy in Nigeria. The lecture was organized by the department of political science, University of Lagos. The legislative arm of government, according to the deputy speaker, was trudging on despite efforts by the executive and other external forces to rubbish it.

"Notwithstanding what anybody would say about the bribery allegation that trailed the fuel subsidy probe, the fact is that the probe has indeed been yielding results even before its implementation. I can tell you categorically that the quantum of oil being imported to the

country has dropped by 40 per cent after the probe and yet Nigeria is not experiencing fuel scarcity or queue at filling stations," Ihedioha said.

In his remark, the Acting Vice Chancellor of University of Lagos, Prof Rahman Bello, said the basis for organizing the public lecture was to help the students blend theoretical studies with practical.

"Aside what our students learn in the classrooms, we also want them to have practical knowledge and we are delighted that the Deputy Speaker who is the guest lecturer in this occasion is our alumnus who has perfect understanding of how today's politics works in Nigeria," Prof Bello said.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.