The advocacy group urged Nigerian President to provide details of how subsequent savings would be spent, including specific projects and mechanisms in place to ensure that the funds are not embezzled, misappropriated or diverted into private pockets.
The Federal Government had saved N400 billion within the four weeks of implementation of the policy.
In a letter signed and addressed to the President at the weekend by deputy director, Kolawole Oluwadare, SERAP said: “Your government has a legal responsibility to ensure that the savings from the removal of subsidy on petrol are spent solely for the benefit of the 137 million poor Nigerians, who are bearing the brunt of the removal.
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