He said, “In 2022, Nigeria paid about N7 trillion in fuel subsidy and in 2023 from January to June when the country intends to stop paying the subsidy is N3.6 trillion so if we are paying such whopping amount of money when subsidy is removed, we should have enough savings instead of taking additional loans, we can use the subsidy funds for post fuel subsidy removal.
As a matter of fact, we don’t need to borrow. What we need to do is to cut waste. Just recently, we all saw the aviation minister announced that he bought 10 fire fighting trucks for over 12 billon naira. Is this what we are borrowing to spend on”?. “Also, we read that the Minister of Communication and Digital Economy announced the approval of 24.2 billion to provide internet facilities at airports and some institutions amongst other places. These are the things we are spending on a few weeks before the end of this administration and this is unacceptable”.
The anti-corruption organisation boss also condemned the reckless spending during the end of this present administration few weeks to go, saying it’s totally unnecessary and it’s a clear sign of diversion of public funds for personal interest and not for the overall good of the country”, he added. He called on the financial watch-dogs of the country to spotlight all public spendings that have not followed adequate procurement processes.