At an average daily consumption of 50 million litres and about N1,000 per litre, that would have to be offset by the government through subsidy to sell at N200/L.
That’s N50 billion on subsidy daily and 18 trillion at the end of the year.
So, where do you intend to get the $13 billion required to do this on an annual basis?
We are in August, 4 months to the election; no alternative policies or ideas. The opposition has no manifesto. They are yet to tell the populace what they will do differently and whether they will reverse any of PBAT's policies they have criticized.
- Nelfund
- Subsidy removal
- Floating of the Naira
- Tax reform
- LG Autonomy
- Regional Development Commissions
- State Police
- Decentralization of Electricity
- CreditCorp
- CNG initiative
- Legacy Infrastructure highways.
- NNPC Executive Order 9
All they keep mouthing is that Nigerians are suffering. No ideological shift. As much as I don't fancy Sowore, he has consistently maintained an ideological stance.
The funding of NELFUND is now constitutionally protected which makes your claim a fallacy at best.
The new tax laws provides that almost 30% of every TETFUND allocations goes to NELFUND which means automatic funding on a monthly basis.
NELFUND is here to stay.