Subsidy: CISLAC queries $800m palliative loan, last-minute spending

The Civil Society Legislative Advocacy Centre yesterday tackled the Federal Government for borrowing $800m from the World Bank to cushion the effect of the proposed petrol subsidy removal.

Executive Director, CISLAC, Auwal Musa Rafsanjani, in a statement, also queried last-minute spending by the present administration.

He said, “If the fuel subsidy removal process has been suspended as announced by the Minister of Finance after the NEC meeting at the end of April, then the government should return the borrowed money because what are we taking the loan for?”

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“Also, we read that the Minister of Communication and Digital Economy announced the approval of N24.2bn to provide internet facilities at airports and some institutions amongst other places. These are the things we are spending on few weeks before the end of this administration and this is unacceptable.”