Nigeria Fuel Subsidy Still Being Paid: Nigerians React to Joe Uwakwue, Former President, Society of Petroleum Engineers

The former President of the Society of Petroleum Engineers, Joe Uwakwue, revealed that the Tinubu Administration is still paying fuel subsidies, proposing a significant increase in the pump price of Premium Motor Spirit (PMS) to N925 per liter.

Uwakwue's statement implies that despite the removal of the fuel subsidy officially, the government continues to cover the difference between the landing cost of PMS and the current pump price, which averages around N600.

This revelation has sparked various reactions from Nigerians on social media. Many Nigerians have called out the government for its contradictory stance, pointing out that while officials claim to have removed fuel subsidies, evidence suggests otherwise.

This revelation has fueled suspicions about possible embezzlement and mismanagement of public funds, prompting questions about the government's transparency and accountability. While some expressed skepticism about the government's handling of fuel pricing and subsidy policies, others questioned the sustainability of such payments, considering the economic implications for citizens.

Concerns were also raised about the transparency of government spending and the need for accountability in managing public funds. Additionally, there were calls for alternative solutions to address the challenges in the petroleum sector, such as promoting local refining capacity and reducing dependence on imported fuel.