The Decision To Sell Crude Oil In Naira Is A Ticking Time Bomb – Bode George

A chieftain of the Peoples Democratic Party, Chief Bode George has come out to call for transparency and accountability in the oil and gas sector.

He recently urged the Federal Government to be honest with Nigerians regarding the payment of fuel subsidies, and Nigerians have been reacting.

According to him, he back-and-forth position of the Federal government on the removal of subsidy on petrol has thrown Nigerians into confusion, and the fact is that the citizens of the country deserve to know the truth.

He added that the decision to sell crude in naira is a ticking time bomb because oil is our major income generator.

His words, “The Federal Government needs to be transparent. One day, we’re told there’s a subsidy, and the next day, it’s gone—Nigerians deserve the truth.

This constant back-and-forth is confusing. Where is the transparency? Who can we trust?

This decision to sell crude in naira is a ticking time bomb. Crude oil is our major income generator, bringing in foreign currency that bolsters our external reserves.

But now, our reserves are already depleted, and this policy could be the final nail in the coffin.”

WOW.