June 6, 2023.
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The Independent Petroleum Marketer Association of Nigeria (IPMAN) has declared fuel subsidy as a big fraud.
It spoke after a meeting on fuel subsidy removal with Kaduna State Government.
IPMAN’s Secretary General, Sadiq Yusuf, stated his association was with the government in rolling out palliatives, saying the entire fuel subsidy is a big fraud.
He said: “We at the IPMAN level understand the intrigues in the subsidy payment. We told the Governor just now that over N13.7trillion is being paid by the Federal Government of Nigeria in order to pay subsidies.
‘’And in 2012, the Federal Government set up a committee and realized over $6billion fraud in subsidy payment for over two years.
“So, what we are saying is the entire subsidy is a big fraud to our own understanding. So, we are with the government and trying to inform and advise the government that, most sincerely, to crate palliative immediately in other to alleviate the sufferings of the down-trodden.
“We are comfortable the State Government with the collaboration of our able leader, Hon Abdulfatah Murtala will surely realise what subsidy by bringing the palliative to the down-trodden immediately.
‘’In the great understanding of His Excellency, he directed an instant committee on palliative be put in place and start working instantly.
“We sincerely thank him for this gesture. We believe the people of Kaduna State will see succour immediately in term of subsidy removal,” he said.(www.naija247news.com).
