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Nigeria Lost N9t To Fuel Subsidy In Four Years-PDP Senators, Reps

The Peoples Democratic Party federal lawmakers caucus on Monday disclosed that Nigeria lost nothing less than N9 trillion to fuel subsidy between 2012 and 2016.

This is even as the caucus‎ set up a 12-man committee to unite the party ahead of its National Convention this Saturday in Port Harcourt, Rivers State.

The PDP federal lawmakers disclosed this after a closed-door meeting which was held at the House of Representatives wing of the National Assembly.

Addressing newsmen after the over one and half hours closed-door session, the Minority Leader of the House of Representatives, Leo Ogor, said the All Progressives Congress needed to apologise to former President Goodluck Jonathan for not allowing him to remove subsidy in 2012.

Ogor, who described the former President as a hero, said Jonathan had good intentions for the country by his move to remove fuel subsidy in 2012.

According to him, Nigeria lost nothing less than N9 trillion to fuel subsidy.

He said it was to cut such loss that Jonathan wanted to remove the subsidy on petrol but was blackmailed.

Speaking on the crisis in the PDP ahead of the convention, the Senate Minority Leader, Godwill Akpabio, disclosed that the 12-man reconciliation committee has been mandated to, within the next 48 hours, bring all the warring groups within the party together before the convention.

Akpabio said: “We had a peaceful meeting here.

“Certain decisions were taken and as the the Minority Leader has told you, we took a lot of key decisions and one of the things we decided on is that we cannot go into a National Convention that is rancorous.

“And so we have set up a 12-man committee to meet with the various factions and interest groups in our party within the next 48 hours to iron out all the grey areas.

“We are meeting with our governors tonight.

“We will meet with the Board of Trustees and other stakeholders under the auspices of Concerned PDP Stakeholder.

“I believe strongly that in the next 48 hours, the entire PDP family will be united and by Thursday/Friday, we will be headed to Port Harcourt with songs of joy, with bands and you will be impressed that, indeed, the party is back on track.

“As as far as the National Assembly is concerned, the Senate and the House of Representatives are one and we were able to arrive at amicable solutions as far as reconciling the party.”


Nigeria lost N9t to fuel subsidy in four years - PDP Senators, Reps -
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