Skip to main content

Buhari blames wicked manipulators for escalation of subsidies of petroleum products

Press statement from the presidency President Buhari Tuesday in Abuja blamed past administrations for the current situation in which Nigeria is forced to spend billions of Naira annually on alleged subsidies for petroleum products. Speaking at a meeting with the Chairman and members of the Revenue Mobilisation, Allocation and Fiscal Commission, President Buhari expressed the view that the escalation of petroleum subsidy payments over recent years was due to the deliberate neglect of the nation's refineries, oil pipelines and other related infrastructure to allow the importation of petroleum products and corruption to thrive. The President, who restated his huge disappointment with the way Nigeria's oil industry has been run since he left office as Petroleum Minister and Military Head of State, said that he was convinced that if the development of the country's domestic refining capacity and petroleum products distribution network had kept pace with national demand, there would not have been any need for the huge subsidies currently being paid to importers. "They allowed the infrastructure to collapse so that their cronies can steal by bringing in refined products from overseas," President Buhari said. The President urged the chairman and members of the RMAFC, who availed him of their view on the vexed issued of petroleum subsidy payments, to go "back to the drawing board" and come up with more humane proposals to rescue ordinary Nigerians from the "wicked manipulation" of the country's oil industry by corrupt operators. President Buhari also warned that severe sanctions will be visited on any individual or organisation that violates the directive on the payment of all national revenue into the Federation Account. The President said that the Nigerian National Petroleum Corporation, the Nigerian Ports Authority and other MDAs which previously relied on the laws establishing them to retain all or part of revenues collected by them, did so illegally and must now comply with the Nigerian Constitution by paying all revenues to the Federation Account. President Buhari, who also chided the RMAFC for approving excessive remunerations for some political office holders, urged the commission to seek a proper interpretation of its powers and address the public outcry against the unreasonably high payments. Garba Shehu SSA to the President (Media & Publicity) August 25, 2015

Comments

Post a Comment

*We hate vulgarity and abusive words, such will not be condoled here.
*Your comments are appreciated and are moderated, will be published immidiately after admins approval. Feel free to say your mind.
*Are you finding it difficult to comment? Here is a tip for you....
You can Use your Google account to comment, If You don't have a Google account, You can add only Your Name, Click COMMENT AS >> Select NAME/URL >>Put your Name, (Leave URL empty if you don't have a website) >> then Write Your Comment in the Comment box and click Publish.
Thats All. If also you do not wish to comment, you can always click on the Funny, interesting or cool links just below the post, to rate this post according to where you think its falls to...

Note: Comments made on this blog does not refer to blog's owner opinion as its commenters opinion on post made here. Thank you

Popular posts from this blog

76 Hungry Boko Haram Members Surrender To Nigerian Military

Dozens of emaciated-looking Boko Haram members begging for food have surrendered in northeast Nigeria, the military and a civilian self-defense fighter said Wednesday. Seventy-six people including children and women gave themselves up to soldiers last Saturday in Gwoza, about 100 kilometers (60 miles) southeast of Maiduguri, according to a senior officer. All are being detained at military headquarters in Maiduguri, the birthplace of Boko Haram and currently the command center of the war against the Islamic extremists, according to the officer. He insisted on anonymity because he is not authorized to speak to journalists. The detainees said many more fighters want to surrender, a self-defense civilian fighter who helped escort them to Maiduguri told The Associated Press. Food shortages could indicate that Nigeria's military is succeeding in choking supply routes of the Islamic extremists who have taken their fight across Nigeria's borders. Some 20,000 people have died in th...
Post a Comment
Read more

The First Black Pilot Was A Nigerian

Ahmet Ali Çelikten Ahmet Ali Çelikten born İzmirli Alioğlu Ahmed; 1883–1969), also known as Arap Ahmet Ali or İzmirli Ahmet Ali,[1] was an Ottoman aviator who may have been the first black pilot in aviation history and was one of the few black pilots in World War I, like Eugene Jacques Bullard. His grandmother came fromBornu(now in Nigeria) to the Ottoman Empire as a slave. Ahmet born in 1883 in İzmir, in the Aidin Vilayet of the Ottoman Empire to his mother Zenciye Emine Hanım and father Ali Bey, of African Turkish descent. He aimed to become a naval sailor and entered the Naval Technical School named Haddehâne Mektebi (literally "School of the Blooming Mill"in 1904. In 1908, he graduated from school as a First Lieutenant (Mülâzım-ı evvel). And then he went to aviation courses in the Naval Flight School (Deniz Tayyare Mektebi) that was formed on 25 June 1914 at Yeşilköy. He was then a member of the Ottoman Air Force. During World War I, he married Hatice Hanım (1897–1991)...
Post a Comment
Read more

The True Story Behind St Valentine- Saint Of Lov

The exact birth of this extraordinary saint is historically unknown but we known from available records was that he was a Catholic priest during the reign of the Roman Emperor Claudius II during the 3rd century. The Roman Emperor Claudius II was involved in many bloody and unpopular war campaigns to get more men to join his army. He believed at the time that the reason why he was finding it difficult to get men to join the military was that the Roman men were very dedicated to their wives and family. As a result, Claudius forbid the rites of marriages and engagements in Rome. St Valentine was a priest in Rome during his reign. He and St Marius ignored the official order and performed secret marriages of some loving couples for this deed. He was arrested and dragged before the Prefect of Rome who condemned him to a Three part execution of beating, stoning and to be beaten to death with his head cut off. He is reputed to have suffered martyrdom having been beaten to death on the 14th ...
Post a Comment
Read more