Nigerians' must take decision on fuel subsidy after N161.6B, says David Mark

Senate President David Mark has said that the nation must make a decision now whether to continue with fuel subsidy or stop it if the Federal Government is unable to stop the high level of corruption being perpetrated under the scheme.

Mark said this on Thursday as the Senate passed the supplementary appropriation bill of N161.6 billion. The amount will serve as payment for fuel subsidy to oil marketers for 2012.

President Goodluck Jonathan had on Tuesday sent a request to the National Assembly to approve an additional N161.6 billion to ensure steady supply of petroleum products during the festive season.

The Senate president decried the high level of corruption being perpetrated under the fuel subsidy scheme.

He urged the Federal Government to stop the fuel subsidy if it was unable to stop the high level of corruption being perpetrated under the scheme.

“It is not a secret anymore that there is so much corruption in the fuel subsidy industry in whatever system they are adopting.

“The nation must make a decision now, whether to continue this or to stop it. The nation must make that decision sooner than later because we cannot carry on this way. BusinessDay

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