Former Ekiti State Governor, Fayose’s aide Lere Olayinka has knocked Buhari’s government for promising to replace fuel subsidy with monthly tranport grant.
According to his post on social media.
Is sokay, let’s do the mathematics.
1. N5,000 × 40,000,000 (40m) = N200,000,000,000 (N200bn)
2. N200bn × 12 months = N2.4 trillion
3. Monthly Subsidy being paid by FG = N150bn
4. Subsidy per annum = N1.8 trillion
Now see the logic:
Buhari and his APC govt will stop paying N150bn as fuel subsidy so as to be pay N200bn to 40m Nigerians as T-fare allowance monthly.
So why removing subsidy of N150bn to pay N200bn (N50bn extra) ❓