Independent Petroleum Marketer Association of Nigeria, on Monday, declared fuel subsidy a big fraud.
IPMAN stated this at the end of a meeting on fuel subsidy removal with the Kaduna State Government.
The Association’s Secretary General, Sadiq Yusuf, stated that they agreed with the government in rolling out palliatives, declaring fuel subsidy regime a big fraud.
According to him, “We at the IPMAN level understand the intrigues in the subsidy payment. We told the Governor just now that over N13.7trillion is being paid by the Federal Government of Nigeria in order to pay subsidies.
‘’And in 2012, the Federal Government set up a committee and realized over $6billion fraud in subsidy payment for over two years.
“So, what we are saying is the entire subsidy is a big fraud to our own understanding. So, we are with the government and trying to inform and advise the government that, most sincerely, to crate palliative immediately in other to alleviate the sufferings of the down-trodden.
“We are comfortable the State Government with the collaboration of our able leader, Hon Abdulfatah Murtala will surely realise what subsidy by bringing the palliative to the down-trodden immediately.
‘’In the great understanding of His Excellency, he directed an instant committee on palliative be put in place and start working instantly.
“We sincerely thank him for this gesture. We believe the people of Kaduna State will see succour immediately in term of subsidy removal,” he said.
Chairman of Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) Comrade Ayuba Magaji Suleiman and Comrade Abdullahi Danfulani, respectively, said they were satisfied with the engagement with the state government.
