The governor of Ekiti, Ayodele Fayose, has attacked Vice-President Yemi Osinbajo over his Tuesday comment regarding fuel subsidy – that the Nigerian National Petroleum Commission (NNPC) bears the cost of fuel subsidy and not the federal government. His comments came after the GMD of NNPC, Maikanti Baru said the landing cost of petrol is now N171 as against the official retail price of N145.
But speaking on Wednesday, Fayose wondered if there was any difference between the NNPC and the federal government. In a statement issued by his spokesman, Lere Olayinka, the governor asked: “What is the difference between NNPC and the federal government? Who is NNPC and who is federal government? Is NNPC now an autonomous agency of the federal government?” He said contrary to what is being presented, the NNPC does not have the rights to swap crude oil for subsidy nor to spend money it generates from the sales of crude oil.
He asked: “Where is NNPC getting the money with which it is subsidising petrol with N26 per litre? Is NNPC spending money from the sales of crude oil that should be paid into the federation account to pay subsidy?
“I like the vice-president, he is a pastor and I don’t believe that he will also join others in Buhari’s government to lie to Nigerians.
“However, this one that he presented NNPC as an agency of the federal government that can allocate fund without the approval of the president is very strange to me.”