Atiku accuses Tinubu of mortgaging future oil earnings, demands full disclosure
By Omeiza Ajayi Former Vice President Atiku Abubakar has accused the President Bola Tinubu administration of mortgaging Nigeria’s crude oil earnings through undisclosed financing arrangements, demanding full disclosure of the terms involved.
The former Vice President linked the oil disclosure demand to the administration’s defence of its removal of the fuel subsidy, noting that the Presidency could not simultaneously claim victory over subsidy while explaining away missing oil revenues by pointing to obligations created by subsidy financing.
It admitted that despite higher international crude oil prices, Nigerians cannot fully benefit because substantial volumes of the nation’s crude have already been committed under crude-backed financing arrangements,” the statement read.
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