*Remove Fuel Subsidy now - IMF tells FGN*
*The World Bank has just released a report, a damning indictment of the managers of Nigerian Economy. More so a ringing thumbs down on GMD Baru and his NNPC of unlimited fraud. The WBank's report has given further credence to the suspicious shady fuel subsidy claims by GMD Baru with active connivance of Federal Government.*
*Hear the WBank on NNPC.. "The NNPC financial report indicate that about US$2bn or 0.6% GDP was deducted from gross oil revenue prior to transfer to the Federation Account. This was for unbudgeted fuel subsidy (cost under-recovery)".*
*The WBank continued.. "The calculation for fuel subsidy are based on heavily inflated fuel consumption estimates, with fiscally severely constrained Nigerian Govt effectively subsidising neighbouring countries' petrol consumption, as some of the fuel is informally being re-exported through porous borders".*
*To give ammunition to the WBank/IMF report, the Chairman of Nigeria Gov Forum Zamfara APC Gov Abdulazeez Yari in 2018 raised the alarm by telling Nigerians that International Development Partners IMF/WBank/ADB had told the Gov Forum.. "There is no way the entire West Africa subregion could consume the figures of 80m litres of fuel daily as opposed to the 35 -40m litres daily of 2015 (pre-APC FGN). These 80m litres daily fuel consumption being bandied around by NNPC as Nigeria fuel consumption is clear fiction". This Gov Forum statement is clearly in line with WBank/IMF indictment of NNPC that our daily fuel consumption estimates are deliberately heavily inflated !!!*
*THE CESSPIT OF CORRUPTION, THE STINK THAT'S NNPC*
https://www.thisdaylive.com/index.php/2019/04/11/many-more-questions-for-baru/?amp
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