With the removal of the oil subsidy, the House of Representatives has asked the auditor general of the federation to immmediately carry out a forensic audit of the N413 billion borrowed from the central bank of Nigeria (CBN) by the federal government for subsidy payments.
The house also advised that with the subsidy removal, the federal government should fortwith suspend all direct sales direct purchase (DSDP) contracts.
other recommendations made by the house include that the federal government should immediately design measures and paliatives to cushion the effects of the subsidy removal for Nigerians effective from this year 2023 through provision and procurement of CNG buses as an alternative transport sytem with cheaper fuel consumption.
that given the contriants of the committee and overlapping events, the National assembly (HR) standing on Ad-Hoc committees be saddled with such responsibility to conduct full-scale investigation on the defaulting oil companies and MDAs that have not met the expectations of the committee to ascertain their level of involvement or otherwise and further protect the commonwealth of the country.Â
Index to Nigerian Newspapers
