Oil Subsidy Removal: Hypocricy of politicians- Senator

Senator Olusola Adeyeye

Senator Olusola Adeyeye

Ayorinde Oluokun, Abuja: Professor Sola Adeyeye, the senator representing Ife Central Senatorial District has accused the defunct Action Congress of Nigeria, ACN, of playing “bad politics” over its opposition to the removal of fuel subsidy by former President Goodluck Jonathan in 2012.

ACN is a major component of the All Progressives Congress, APC, coalition which defeated President Jonathan’s ruling Peoples Democratic Party, PDP, in the 2015 presidential election.

Last Wednesday, the APC government announced a new price of N145 per litre for petrol up from N86.50k and a series of measures to deregulate the business of importation and sale of the product.

At the new price, it was believed that government will no longer have to pay subsidy to marketers who can now sell at a price that will ensure that they fully recover the cost of importation of the product.

But Senator Adeyeye noted that if the then members of the ACN had supported a similar move by former President Goodluck Jonathan, the APC government would not have to carry the can of the outrage the increase in price and end of the subsidy regime had generated since it was announced last Wednesday.

The Osun Senator who was then a member of the upper chamber of the National Assembly elected on the platform of ACN in an article titled, “The Courageous termination of oil subsidy,” confessed that members of the party had after a robust, in- house debate agreed to support the removal of subsidy by the former President, but changed their minds due to political considerations.

“We in the ACN played bad politics on this matter when President Jonathan first attempted to remove subsidy. We had robust in-house debate but eventually capitulated to the god of electoral politicking. Now the chicken has come home to …Read More

Source:: PM Newspaper