For the price of cheap gasoline, Nigeria paid billions of dollars into a corrupt government system of fuel subsidies that saw huge contracts awarded to shady companies without any oversight, according to a lawmakers’ report.
The report, debated Tuesday in Nigeria’s House of Representatives, is breathtaking in its scope, even for a country where many grudgingly accept graft as a way of life in the OPEC nation’s oil industry, government and private sector. But some fear it may not change much, especially as it implicates some of the same elite class that dominate politics and business in Nigeria.

The Association of Electricity Consumers of Nigeria (AECN) has accused a former member of the House of Representatives, Dino Melaiye, of demonstrating an insufficient understanding of the new electricity tariff which will come into effect on June 1.
By comparing the new tariff to the removal of the subsidy on petroleum products last January which led to a hike in pump prices of petrol and kerosene, said the association, the former legislator “is clearly out of touch with reality”.
In a statement in Lagos, the AECN National Co-ordinator, Chief Ganiyu Makanjuola, said that “Honourable Melaiye is in error by assuming that the review will automatically translate to an
astronomical increase in the amount the Nigerian people, especially the masses, pay for
electricity.”