The Civil Society Legislative Advocacy Centre has queried the $800m World Bank loan taken by the Federal Government as a palliative to cushion the effect of the proposed fuel subsidy removal, scheduled for June 2023.
“As a matter of fact, we don’t need to borrow. What we need to do is to cut waste. Just recently, we all saw the aviation minister announce that he bought 10 firefighting trucks for over 12 billion naira. Is this what we are borrowing to spend on?
CISLAC also condemned the reckless spending of the present administration, with only a few weeks to go, while stating that it was unnecessary and was a clear sign of diversion of public funds for personal interest rather than the overall good of the country. He said, “What’s the need for acquiring fighter trucks towards the end of an administration in a position you have held for over 8 years but you find no need to acquire the trucks until the end? This is a clear sign of contract scams that do not follow due processes and public interest, it is simply financial recklessness.
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