I read Punch exclusive reports quoting the National Public Relations Officer of IPMAN, Chief Ukadike Chinedu, that tank farm owners were currently dispensing the PMS at N180/litre, which does not include the transportation cost to filling stations.
So, how much will the station owner sell to Nigerians? How can a businessman that bought fuel from a depot owner at N180/l be asked to sell at N165/l? Why is it that the state is always afraid of the megabucks business owners but would rather descend on the vulnerable to score cheap political points? If the government is truthful to itself, why not ensure that no depot sells above the regulated price ex-depot price?
Nigerians should be told the truth, which is the Federal Government is finding importation of PMS now unprofitable and difficult because of the galloping crude oil price and the poor showing of the Naira against the dollar.
In my opinion, no amount of money put into subsidy in a corrupt environment like ours will bail us out. The last subsidy probe revealed very messy deals. What has happened to those indicted for round-tripping and those that didn’t import fuel but went home with millions of dollars in subsidy? How much more of this money do we still need to throw at people that have no conscience or empathy for Nigeria and Nigerians?
I am afraid I have no answers to the questions. If you do, please wise me up. I am always willing to learn.
Grace and peace!!!
