x

SERAP demands transparency in N400b fuel subsidy savings spending.

The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to provide a breakdown of the expenditure of approximately N400 billion saved from the removal of the Premium Motor Spirit (PMS) subsidy. In a letter addressed to the President, SERAP emphasized the need for transparency and accountability, requesting details on how future savings would be utilized, including specific projects and measures in place to prevent embezzlement or diversion of funds.

The Federal Government had already saved N400 billion within a four-week period following the policy’s implementation. SERAP highlighted that the government has a legal obligation to ensure that these savings are solely used for the benefit of the 137 million poor Nigerians who bear the brunt of the subsidy removal. By publishing information regarding the spending of these savings, SERAP believes transparency, accountability, and the risk of corruption can be reduced.

The organization stressed that Nigerians have the right to know how the funds are being utilized, as the lack of transparency would undermine citizens’ rights and increase their vulnerability to poverty and social deprivation. By disclosing the details of the N400 billion spending and other savings from the subsidy removal, SERAP aims to enhance public trust, ensure the funds are not misappropriated, and hold accountable those responsible for managing the funds. The transparency of the National Social Safety Net Programme (NASSP) implementation and spending was also highlighted as an area needing improvement.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Chinese Embassy Marks 80th Anniversary of WWII Victory, Reaffirms Commitment to Peace

The Chinese Embassy in Nigeria on Thursday commemorated the...

UK Grants Chevening, Commonwealth Scholarships to 85 Nigerians

The United Kingdom has awarded 85 Nigerians the prestigious...

Peller found after being reportedly kidnapped

Popular Nigerian socialite and politician, Shina Peller, who was...

JUST IN: Immigration Increases Passport Fees to N100,000 and N200,000

The Nigeria Immigration Service (NIS) has announced a new...

Goronyo Commends Swift Rescue Response, Reaffirms FG’s Commitment to Waterway Safety

By Muhammad Ibrahim, Sokoto The Federal Government has restated its...

CSOs Eulogize Governor Alia’s Neutrality, Respect for Democratic Values

The Center for Social Justice and Political Reform in...

D-CARES Implementation Applauded at NG-CARES South-South Review Meeting

By Anne Azuka Governor Sheriff Oborevwori has commended the World...

Sokoto Advancement Forum Seeks Partnership with Police on Security

By Muhammad Ibrahim, Sokoto A delegation from the Sokoto Advancement...
spot_img

Related Articles

Popular Categories

spot_imgspot_img