@POLITICSNGR

President of the Nigerian Senate, Bukola Saraki has reacted to the Fuel Scarcity rocking the nation and the return of Fuel Subsidy.

In a statement obtained by PoliticsNGR via his Social media page, Saraki disclosed that an investigation is ongoing into the Subsidy issue and the Scarcity crisis.

He also pointed out that a Bigger fraud was going on under the Subsidy scheme, revealing that "the amount of PMS that is allegedly coming into Nigeria cannot be consumed by Nigerians. We consume about 27 million litres a day, while it has been alleged that 40 million litres a day of PMS is being brought in. There is a discrepancy somewhere." The statement read;

"Today, the Senate debated the interim report of the Senate Committee on Downstream Petroleum on the Fuel Scarcity Crisis in the country.

This interim report stirred up a debate on the Floor about the ongoing scarcity, the subsidy regime and ways to make the oil and gas sector more efficient.

I spent a lot of time on this fuel subsidy issue during the Seventh Senate (2011 to 2015). It was my Motion that brought this topic to the national discourse — hence, it is something that I know a lot about.

There are three issues here that we need to separate:

The first is, even as we speak now, there are still queues. The issue of the ongoing scarcity is one problem that the Committee needs to go back to look into so that Nigerians can be reassured that this will not reoccur.

The second problem is that the subsidy is important, however, based on the figures that have been presented, it is clear that there is a bigger fraud that is being perpetrated. This is because the amount of PMS that is allegedly coming into Nigeria cannot be consumed by Nigerians. We consume about 27 million litres a day, while it has been alleged that 40 million litres a day of PMS is being brought in. There is a discrepancy somewhere.

At the end of the day, it is Nigerians that are paying for this subsidy fraud because it is not transparent, and it is only being run by one MDA.

The third problem has to do with the principle of MDAs incurring expenditures without the necessary approval by the legislature.

Therefore, in order to get to the bottom of these pressing issues, we will be breaking them up:

-The issue of the subsidy and how it came about; as well as the issue of the scarcity that is still ongoing and the fraud of the volumes will go back to the Downstream Committee for a more comprehensive report;

-While, the issue of unauthorized public spending in the sector will be looked into by the Public Accounts Committee."

https://politicsngr.com/fuel-subsidy-return-bigger-fraud-perpertrated-saraki/

''At the end of the day, it is Nigerians that are paying for this subsidy fraud because it is not transparent''[b][/b]..... sounding as if he is different from them...

Good observations by senate president

Saraki please don't hesitate to make it public

We don't just want a political statement

I love APC.......the best party DAT can rescue Nigeria. I love Buhari,the best president so far.

The second problem is that the subsidy is important, however, based on the figures that have been presented, it is clear that there is a bigger fraud that is being perpetrated. This is because the amount of PMS that is allegedly coming into Nigeria cannot be consumed by Nigerians. We consume about 27 million litres a day, while it has been alleged that 40 million litres a day of PMS is being brought in. There is a discrepancy somewhere.

Buhari, Kachikwu and Baru should be made to account for this fraud.

Nigeria is presently being run by a criminal gang.

Saraki should stop speaking in parables

Let us know

Nah today ?

Rubbish

That idíot just has to be impeached, the criminality is mind boggling

DEREGULATE

The second problem is that the subsidy is important, however, based on the figures that have been presented, it is clear that there is a bigger fraud that is being perpetrated. This is because the amount of PMS that is allegedly coming into Nigeria cannot be consumed by Nigerians. We consume about 27 million litres a day, while it has been alleged that 40 million litres a day of PMS is being brought in. There is a discrepancy somewhere.

Yes, the discrepancy is due to

1. Independent marketers smuggling fuel out of the country because they cannot make a profit in Nigeria...importing fuel at N160 to 171 per liter...and being forced to sell it at N145 per liter.

2.Fake subsidy claims...because of the above reason.

When GEJ attempted deregulation, Nigerians protested....and as a result created the environment for subsidy scams.

We have to deregulate the downstream sector....or the discreoancies will continue.

And home based refineries won't solve the problem....we still have to pay the refiners....

Deregulate.

Congrats to all the wailing wailers, We just got a new folk in the house, a very prominent one at that. Once again congratulations and a big welcome to you Sir. (Sen Bukola Saraki).

Dis government keeps manufacturing new ways to steal money

Nigeria since inception has been ran by hardened criminals backed by law. APC is far worse!

Yoruba Muslims that voted in Buhari must suffer.

I wish people see this government for what it really is. A government of scam run by scammers.

So Saraki now has mouth.

Lol... only BMCs believe there's no fraud going on with "Buhari subsidy"... He doesn't even know what it means so he will have to set up "committee to investigate"

...and they will put the blames on the filling stations making us call them names.

"I don't know what is subsidy"
Buhari 2015

talk talk talk wake me up when you begin to bring people to justice

sarrki:


Bros how is this related to the issue at hand ?

that off topic post will serve as a comic relief for your senseless posts on a good day.

RZArecta2:
That idíot just has to be impeached, the criminality is mind boggling

Sorry, who is the minister of petroleum?

The unseen forces and powers that are working for the downfall of this country are far stronger than those working for her progress. No sitting president can do anything much different.

And I pray.......... A tree doesn't bear fruits for itself to eat ...... hence, those making life difficult for this country will never live to enjoy the fruits of their labour.

no comment

javalady:
I heard that Imo State is now a land of statues and children born there now bear names related to it, like:
1) Chikpurum (God molded me).
2) Chikpuo (God,mould).
3) Chikpuwa (God be moulding).
4) Chinakpu (God moulds).
5) Chigakpu (God will mold).
6) Chikpuzie (God mould well).
7) Chikpuchaa (God finish moulding).
Chiakpuchalam (God has finished moulding me.
9) Chikpuzirim (God moulded me well).
10) Chikputaram (God moulded me well).
11) Chimakpu (God knows how to mould).
12) Chikpusirimike (God moulded me strongly).
13) Chikpurumnkeoma (God moulded me well).
14) Chiakpughi (God did not mould).
15) Chiokpukpu (God that moulds).
16) Okpukpuchukwu (What God moulded).
17) Okpukpuomachi (God's beautiful mould).
18) Onyechukwukpuziri (Who God moulded well).
19) Onyechikpuru (Who God moulded).
20) Mgbechikpuru (When God moulds).
21) Ihechikpuru (What God moulded).
22) Kachisirikpuo (How God moulded).
23) Chikpurugawa (God continue moulding).
Onyekpurukachi (Who moulds like God).
24) Chikpuba (Let God continue moulding).
25) Chikpufo (God eeh don do).

serious matter is being discuss here and you're here making jokes.. seriously?
we Nigerians joke with almost everything that's why our leaders are doing whatsoever pleases them.

TheFreeOne:


Buhari, Kachikwu and Baru should be made to account for this fraud.

Nigeria is presently being run by a criminal gang.

Gbam.
PMB has become a ceremonial president.

I pity this country, by the time these guys are done with Nigeria...

The fuel scarcity is really biting hard here in Abuja, but those black marketers magically gets fuel to sell at exorbitant prices.

Oya summon the petroleum minister (commander in chief) to come and clarify issues Na