Recently, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, confirmed the return of the regime of subsidy payment on Premium Motor Spirit (PMS). Baru merely corroborated the disclosure by Vice-President Yemi Osinbajo, who had earlier confirmed the return of the subsidy payment to sustain a seamless fuel supply chain in the system. “We cannot go back to such a scam called subsidy regime which robbed the country of N10 trillion between 2006 and 2016,” Marafa said. Only the National Assembly has the power of appropriation. The National Assembly must exercise its power of appropriation and whoever is found to have undermined the process should be sanctioned based on the provisions of the 1999 Constitution.

Source: Nigerian Tribune January 12, 2018 01:52 UTC