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    Home»Business Matters»It’s not right to pay petrol subsidy from federation account

    It’s not right to pay petrol subsidy from federation account

    Business Matters By Temitope N.Oct 27, 2021No Comments1 Min Read
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    Former Emir of Kano, Alhaji Muhammad Sanusi II, has disclosed that the federal government is indulging in illegality by paying petroleum subsidy from the federation account.

    Muhammad Sanusi
    Muhammad Sanusi

    The former Central Bank of Nigeria (CBN) governor spoke virtually as a panellist on Sustainable Development Goals (SDGs) at the just concluded Nigerian Economic Summit held in Abuja.

    He also said the Nigerian daily oil consumption data is suspect thus there is endemic corruption in fuel subsidy payments.

    “This money coming from petrol belongs to the federation account, and the federal government doesn’t have the constitutional right to pay subsidy on behalf of the federation.

    See also  FG Decisively Approves Resumption Of Schools Across The Country

    “So it is a fundamental constitutional issue because this is money that should go to the federal, states and local governments. Yet money that belongs to the federation is carried out as federal government expenditure. So, there are so many complex issues, legal and economic issues. We need to stop these issues” he said.

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    Federal Government Muhammad Sanusi Subsidy
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