The group, under the auspices of Oil And Gas Transparency and Advocacy Group, at a press conference in Abuja on Wednesday, stated that the Federal Government spent N1.243 trillion monthly as fuel subsidy, saying the economy will collapse, if the regime was not ended.
The national chairman of the group, Isah Abubakar, who was flanked by the General Secretary, Joe Moses and other top executives, explained that petrol otherwise known as PMS, was still sold at N600/litre across the country, despite the subsidy regime.
Abubakar said the sum of N1.243 trillion being fuel subsidy cost was not in the nation’s budget for 2023.
