Nigerians have been subjected to untold hardship as a result of fuel scarcity and there is the clamour for the removal of fuel subsidy, what is your take?
I think it is a measure that is long overdue because
the fuel subsidy has been a major source of corruption. And not only that, it is drain in the treasury of the Nigerian people; it has also distorted the real price of petroleum products in the open market.
Now payment of subsidy or lack of it has been referred to as the reason for non steady supply of petroleum products. Now it has been removed, it means the product will now be subjected to market forces.
And if that means first of all blocking that drain on our common treasury and the availability of the products, it is better.
It doesn’t really make for sound logic to expect petroleum product to sell the same rate as it sells at the point of delivery. If it is open to the open market then market forces will determine. Competition will set in and it will, at the long run, be better for Nigeria.
There has been scarcity of the products for some time now, what do you think may be responsible for that?
One the anticipation of the removal of subsidy because this thing did not just occur overnight and there are people who have been monitoring the recommendations of the National Assembly with regard to the budget.
Another one is that the Jonathan administration is winding down. Another is that they are owing the marketers subsidy money.
You said that after the election you would present a formidable opposition against the incoming administration, how would you operate?
Well, maybe the opposition will provide more of the constructive engagement. But you see, this thing about opposition, nothing is fixed. The attitude of the incoming government will determine the attitude of the opposition.
If we are invited to participate in government, we will not turn it down. We will participate and continue to make our views and see how far we can canvass our own views.
But I can tell you too that even from some of the statements credited to the president elect, we are beginning to see some meeting points in our ideological approach to government as articulated in my revolutionary agenda during the campaigns.
For example, the president- elect has been credited to have said that the declaration of assets will not only be compulsory but also will be made public just as we would want it to be.
Then, the president-elect has also been credited as saying that he would also look into the missing 20billion dollars NNPC funds. We agree on that. There was a recent recovery of N307 looted by Sani Abacha. So you can imagine the amount of our money in private hands.It has been so but our government didn’t seem to be interested, maybe because of those who are involved. Buhari administration shouldn’t toe the same line.
So far we are beginning to see a meeting point in what we thought we would have done if we had that opportunity. And to that extent, all we can do is to offer hand of fellowship and engage his government constructively. And of course, where we think things are not going well, we shall very constructively criticize it.
The opposition said rather than remove subsidy as a means of tackling corruption, there are other measures that could be adopted.
The point is that, what it costs the average Nigerian now to get a litre of fuel is so high now, it is not even available and this is across the country. And where you get the so called government fixed prices, are only in government regulated filling stations and they are just few.
And so people are suffering buying fuel sometimes adulterated fuel on the road just to be able to move around. And it is all because of this subsidy thing.
I do believe that prices will go down over time because it will now be competitive.
Would you support the in-coming administration to raise supplementary budget for fuel subsidy? Do yo not support partial subsidy for now?
My attitude is that we should not go back to it. It has brought a lot of distortion; it has opened the room for a lot of corruption and I even don’t see what the Buhari administration can do to check the cartel once you continue to pay subsidy on the products they have imported and they have their own way of manipulating figures with the banks and the suppliers. It will be difficult to monitor what we are paying as to what is actually supplied because it is all paper work and that is why the corruption there has gone so high.
The cartels in the oil and gas business are well plsced Nigerians who call the shots. Do you think this incoming government and administration will actually be able to step on the toes of this cabal?
I personally trust Buhari to be capable to step on any toes including those who funded his campaign. He has that moral standing, strength to do that. He can do it. If he fails to do it, he would have failed the whole country because part of what gave him the presidency is respect and admiration for his high moral rectitude.
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