Phrank Shaibu, the Special Assistant on Public Communication to ex-Vice President Atiku Abubakar, has issued a challenge to the Federal Government, led by the All Progressives Congress (APC), to publicly disclose the landing cost of gasoline and the pricing framework utilized to maintain petrol prices below N640 per liter.
In response to a press release from the National Publicity Secretary of the APC, Felix Morka, Shaibu emphasized that the government’s assertion of complete deregulation in the petroleum sector is untrue, asserting that subsidies are still being disbursed.
He added, “The Petroleum Industry Act mandates the total deregulation of the petroleum sector. A deregulated regime has no room for price control. If the APC is saying subsidy is not back, they should explain how petrol is still being sold at less than N650 per litre when the international price of crude oil is about $94 per barrel and the exchange rate on the I&E Window is N780/$1 and N1,000/$1 on the parallel market.
“How is it that diesel which has been deregulated currently costs about N1,000 per litre while petrol is over 25% less? Let the APC explain and stop peddling lies.”
Shaibu pointed out that the government led by the APC had repeatedly acknowledged its shortcomings through the dismissal and imprisonment of certain individuals appointed by former President Muhammadu Buhari.
He said, “The same APC that praised Godwin Emefiele for eight years and deceived Nigerians with propaganda and their so-called agricultural revolution have gone ahead to sack the same Emefiele and detain him for four months.
“The same APC that claimed to have fought corruption have now gone ahead to detain the man in charge of the anti-corruption war, Abdulrasheed Bawa, for four months. You can see that these people are nothing but barefaced liars and deceivers.
“Tinubu claimed he wanted to cut the cost of governance and yet appointed 48 ministers out of which 10 are from his region. Yet the APC claims he is running a fair administration. This is laughable. Adams Oshiomhole even said last month that Tinubu inherited a bad situation. How can a maggot criticise the fly that gave birth to it?”
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