Nigeria: N24bn Monthly Oil Subsidy Figures Fictitious, Says PDP

press release

The Peoples Democratic Party (PDP) said Nigerians are shocked by moves by the All Progressives Congress (APC)-controlled Federal Government to cover huge fraud in the Presidency by declaring that it spends a humongous N24 billion monthly (N774million per day) to subsidize fuel in the country.

The party described the figures and the purported proliferation of fuel stations, used as alibi for the claimed sudden jump in subsidy pay-out, as fictitious and cleverly fabricated to retire the already exposed stealing of trillions of naira by Presidency cabal and APC interests in secret oil deals.

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