Govs: We Are Not to Blame for Alleged Failure to Account for Subsidy Proceeds

The 36 state governors of Nigeria, representing the Nigeria Governors’ Forum (NGF), have rejected allegations that they have failed to properly account for funds received from the removal of fuel subsidy. In a meeting held in Abuja, the NGF's chairman, Governor AbdulRahman AbdulRazaq of Kwara State, dismissed these claims and emphasized that the debate over accountability will be addressed later.

Instead, the governors expressed strong support for the proposed National Affordable CNG Transit Programme (NACTP), a state-led initiative aimed at reducing passenger fares by leveraging the lower operating costs of Compressed Natural Gas (CNG) vehicles. The NACTP is expected to involve state support for CNG vehicle conversions, fleet development, and infrastructure, with participating operators committing to lower fares.

The governors also justified focusing the transportation sector palliative on the transportation sector, as it has a direct impact on the prices of essential commodities, such as food. They argue that reducing transport costs will have a multiplier effect on various sectors, thereby benefiting the broader economy.

Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.