Nigeria lost N9trn to fuel subsidy in four years – PDP Senators, Reps

Peoples Democratic Party federal lawmakers caucus on Monday disclosed that Nigeria lost nothing less than N9 trillion to fuel subsidy between 2012 and 2016.
This is even as the caucus‎ set up a 12-man committee to unite the party ahead of its National Convention this Saturday in Port Harcourt, Rivers State.
The PDP federal lawmakers disclosed this after a closed-door meeting which was held at the House of Representatives wing of the National Assembly.
Addressing newsmen after the over one and half hours closed-door session, the Minority Leader of the House of Representatives, Leo Ogor, said the All Progressives Congress needed to apologise to former President Goodluck Jonathan for not allowing him to remove subsidy in 2012.
Ogor, who described the former President as a hero, said Jonathan had good intentions for the country by his move to remove fuel subsidy in 2012.
According to him, Nigeria lost nothing less than N9 trillion to fuel subsidy.
He said it was to cut such loss that Jonathan wanted to remove the subsidy on petrol but was blackmailed.
Speaking on the crisis in the PDP ahead of the convention, the Senate Minority Leader, Godwill Akpabio, disclosed that the 12-man reconciliation committee has been mandated to, within the next 48 hours, bring all the warring groups within the party together before the convention.