The Nigeria Democratic Congress (NDC) has reacted to the Federal Government's warning that reinstating petrol subsidies could devalue the naira to between N3,000 and N4,000 per dollar. The NDC is demanding answers regarding the persistent ineffectiveness of Nigeria’s oil refineries, questioning why they aren’t functioning at full capacity. They also raised concerns about the nation’s financial commitments, suggesting Nigeria has made significant mortgaging deals. The party believes that functional refineries would alleviate the need for fuel imports and stabilize the currency. This statement comes following the government’s indications that a return to fuel subsidies could have drastic economic consequences. The NDC’s inquiry focuses on accountability and seeks to understand why Nigeria continues to struggle with refining its own oil resources, impacting the national economy and currency valuation in Abuja. The original report appeared in Vanguard News.