OrderPaperToday- The Atiku Presidential Campaign Organisation has raised the alarm over a report released by Premium Times alleging an illegal diversion of $1.05 billion to secretly fund subsidy payments on petroleum products.
In a statement released on Tuesday, the organisation said the current subsidy regime is inefficient and shrouded in secrecy, calling for a review of the scheme.
According to the campaign body: “We believe that the subsidy regime as it is currently being administered is inefficient and shrouded in secrecy. We are committed to the elimination of this process that is undertaken without any recourse to transparency and due process.
“Moreover, the retention of revenue by revenue earning agencies of the government for their operation is hardly done judiciously and responsibly.
“We will commit to a review of that policy such that every revenue earning agency is brought into the federal budget in accordance with international best practice.”