Bauchi State Governor, Senator Bala Mohammed has warned that Nigeria will be in chaos and financial hardship if the NNPC does not rethink its decision to make zero remittance to the Federation Account in April because of the need to defray the cost of petrol subsidy.
The NNPC had in a letter to the Accountant-General of the Federation warned that it would be unable to make any remittance to the central account of the federation for distribution in May because it needed to defray around N111 billion cost of February’s subsidy on petrol.
Reacting to the NNPC’s zero allocation notice, Mohammed said: “You have just heard that the NNPC said that they will not be able to give money to FAAC. I don’t know the amount of chaos that would cause because most of the states are depending on the Federation Account.”
He attributed the downturn in the economy to what he described as the cluelessness of the All Progressives Congress (APC)-led administration.
According to him, it is “because of the cluelessness and lack of capacity to manage the economy that we have found ourselves in this. There is even a blame game between the members of the party within the APC.”
Mohammed told reporters after the National Executive Committee (NEC) meeting of the Peoples Democratic Party (PDP) in Abuja that the PDP, if given a chance in 2023, would not be arrogant with power.
“So, I think we are not going to be arrogant. We know the mistake we committed before and we have taken steps to correct them. We are presenting to Nigerians the better framework, better platform for them to really actualise their aspirations,” he said.
The Bauchi state governor said that the task before the PDP is to ensure unity within its rank ahead of the 2023 general election.
