Abuja - Few days after the Senate rejected the recommendation of its Committee on Public Account, which recommended the abolition of the fuel subsidy regime in the country, the Federation Accounts Allocation Committee is insisting that subsidy must go.
The committee, which comprises the Commissioners for Finance of the 36 states of the federation, described the payment of fuel subsidy as a fraud against some states, especially the less industrialised ones, reports Premium Times.
Timothy Odaah, Chairman, Forum of Commissioners for Finance of the 36 states of the federation, said they still stand on the removal of fuel subsidy, because it will be of much greater benefit to the state.
He noted that the intention of the federal government is being defeated as only few people are profiting from the subsidy.
Read more at Premium Times.
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