According to the Academic Staff Union of Universities (ASUU), Nigeria has no subsidy..
Professor Emmanuel Osodeke, the president of ASUU, gave a speech at the Alex Ekweme Federal University in Ndufu-Alike, Ikwo, Ebonyi State.
Osodeke questioned why Nigeria had been exporting crude oil for the previous 70 years but couldn’t refine the substance domestically.
During his inauguration, President Bola Tinubu announced that “subsidy is gone.”
A declaration that led to a hike in price and a shortage of the product across the country.
But speaking on Wednesday, Osodeke said: “We don’t believe that there is fuel subsidy.
“You can’t be exporting crude oil for the past 70 years, and you still cannot refine the crude oil and sell to your people at the Nigerian rate, not at the dollar rate. Then, something is wrong.”
The ASUU boss also decried the inability of the country to have a functioning refinery, decrying the humongous amounts spent on the existing ones.
“It is not rocket science to build a refinery. When the country deliberately refuses to maintain the ones they have but people [working there] are being paid.
“Nigeria has spent trillions of naira in the past three years or so on the renovation of refineries yet nothing is working. Meanwhile, smaller countries have functional refineries,” he said.
