$12bn Subsidy Fraud, Others, Cause Of Fuel Scarcity -APC …PPPRA Blames Scarcity On Naira Devaluation

The All Progressives Congress (APC) has said the real causes of the debilitating fuel scarcity across the country are  the looting of the $12 billion domestic gas fund as well as the  President Goodluck Jonathan administration’s failure to pay fuel subsidy and the cost of interests on bank loans to oil marketers, the party claimed that these have made it impossible for  the marketers  to begin another round of importation of refined petroleum products.
In a statement issued in Dubai yesterday by its National Publicity Secretary, Alhaji Lai Mohammed, the party said the PDP and the Jonathan administration decided to divert attention from those problems by accusing the opposition of being responsible for the scarcity – a most laughable and irresponsible statement by a sitting government that is always so eager to blame everyone but itself for the nation’s woes.
It recalled that the Coordinating Minister of the Economy and Finance Minister, Ngozi Okonjo-Iweala had, in February, promised to pay all subsidies owed to the marketers in the sum of N264 billion, along with the accrued interests.
The APC said, however, that the failure to meet this obligation has made it impossible for the oil marketers, who are being owed heavily, to finance another round of products importation.
This is because, with the project being executed, many vehicles, cooking stoves and generators would have been converted to use gas to reduce the importation of PMS, diesel and kerosene, and gas would have been available to fire the gas turbines at power stations while more power would have been delivered to the national grid, the party claimed.
APC accused President Jonathan of sabotaging the domestic gas project started by the late President Umaru Musa Yar’Adua, with the $12 billion cash call provisions for gas development for domestic power generation looted under his watch.