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Nairaland Forum / Nairaland / General / Politics / Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account (14484 Views)
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Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by metroparrot: 2:18pm On Jul 07, 2015 |
Reports in sections of the media today that funds will be drawn from the Excess Crude Account for the relief package approved by President Muhammadu Buhari for states and local governments, are incorrect. For the purpose of greater clarity on the matter, the measures approved by President Buhari to deal with the problem of unpaid public sector salaries in many states are as follows: *The sharing of the $2.1 Billion dividend paid to the Federation Account by the Nigeria Liquefied Natural Gas Company (NLNG); * A Central Bank-packaged special intervention fund that will offer financing to the states, ranging from N250 Billion to N300 Billion. This will be a soft loan available to states for the purposes of paying backlog of salaries; and *A debt relief program designed by the Debt Management Office which will help states restructure their commercial loans currently put at over N660 Billion, and extend the life span of such loans while reducing their debt-servicing expenditures. The measures approved by President Buhari definitely do not include drawing down the remaining balance in the Excess Crude Account or the "liquidation" of the account as some media outlets have wrongly reported. No such decision has been taken or approved by President Buhari, and last week's meeting of the National Economic Council clearly concluded that the Excess Crude Account should be left untouched at this time. FEMI ADESINA Special Adviser to the President (Media & Publicity) July 7, 2015 http://www.metronaija.com/2015/07/presidency-denies-plans-of-sharing-17.html cc lalasticlala 6 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Nobody: 2:21pm On Jul 07, 2015 |
Why always me Was this First to Comment made for me? Why do I find it so easy? I dedicate this wonderful feat to my husband and want to use This opportunity to congratulate him on his new job as a cleaner in Maiduguri Central Mosque. Relocation plans are on ground. Please join me and celebrate this wonderful testimony. National Issues are more important than wearing pampers to visit cows and post pictures on Facebook. First to Komment 7 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by nicerichard05: 2:21pm On Jul 07, 2015 |
We don hear ooo ****modify*** I dedicate this FP to all BLACK BROTHERS and FREEDOM FIGHTERS world wide.. its 7.7.2015, celebrate and be happy click like if you dey feel my paro 3 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by BossTtdiamonds(m): 2:29pm On Jul 07, 2015 |
The Wailing wailers won't like this one bit.. 16 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Young03(m): 2:39pm On Jul 07, 2015 |
confused man suffering from senile dementia 15 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Nobody: 2:40pm On Jul 07, 2015 |
cc: lalasticlala Useless PDP fighters have been misleading the public since morning 07-07-2015 - on radio - in newspaper - online & social media - on TV e.g AIT Sai Buhari 13 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by jantofubu(m): 2:43pm On Jul 07, 2015 |
dnt jz bliv anything u hear or see dz days 1 Like |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by berrystunn(m): 2:45pm On Jul 07, 2015 |
90 days is fast coming .... 1 Like |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by RichFoundation(m): 2:45pm On Jul 07, 2015 |
Always denying and disowning. 26 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by ayusco85(m): 2:45pm On Jul 07, 2015 |
In baba we trust. Keep making Nigeria better 2 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by MemphisDepay(m): 2:45pm On Jul 07, 2015 |
Wetin con be my own |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Firefire(m): 2:45pm On Jul 07, 2015 |
[size=18pt]Buhari's 38 Days Journey in a circle[/size] 19 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by hucienda: 2:45pm On Jul 07, 2015 |
*sigh... can it get any better? One news today, another different news on the same topic the next day... smh. 8 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by sukkot: 2:45pm On Jul 07, 2015 |
hmmm |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by firstolalekan(m): 2:46pm On Jul 07, 2015 |
Chai! 1.7 Billion Dollars? 1.7 Billion Dollars?? Chai From 25 Billion Dollars that OBJ left before he handed over God will punish J0nadaft and all his clique that almost bankrupted this country. Chai! J0nadaft is wickeeeeeeeeed 15 Likes 1 Share
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Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by ChelseaDr(m): 2:46pm On Jul 07, 2015 |
k |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by asumo12: 2:46pm On Jul 07, 2015 |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Nobody: 2:46pm On Jul 07, 2015 |
Baba Bubu You wan share money without Finance Minister. You say GEJ no leave money for treasury, where you dey see money wey una dey share without finance minister to account for it? Is this why you sacked the NNPC ogas and put your people there? There is God o. 34 Likes 2 Shares |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by stepo707: 2:47pm On Jul 07, 2015 |
you kidding? Why has he not addressed the issue of incessant killings 3 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by shachris02: 2:47pm On Jul 07, 2015 |
Is this the way PDP wants to play the Opposition? 1 Like |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by gokay11(m): 2:47pm On Jul 07, 2015 |
Okay |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Megatone(m): 2:48pm On Jul 07, 2015 |
Singing..... Since i was born and now dat am getting old...... i have never seen a dull being like #baba1chance One tin 2day Anoda 2moro...... We are watching d drama unfold 13 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by ugogermany: 2:48pm On Jul 07, 2015 |
Fowl yansh don open, and e go dey open dey gooo oooooh! |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by carzola(m): 2:48pm On Jul 07, 2015 |
Since BUHARI took over all we have seen is bombing, d dullard remove military check points allowing boko haram to move freely and be bombing every where.... buhari God would visit u in due time, may your family have no peace until Nigerians can sleep in peace.... kunu drunkard FU*CKTARD , father of child fu*ker. everyday is how to nd how not to share money we hear... his leaving his brothers that he gave bombs to be killing innocent people. 10 Likes 1 Share |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Emman93(m): 2:48pm On Jul 07, 2015 |
baba abeg no start again o,how come you wan share money without finance minister? 6 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by Maxymilliano(m): 2:49pm On Jul 07, 2015 |
And the discordant tune continues ... Lai Muhammed, as APC media publicity secretary said the multi-pronged package approved by President Buhari includes the sharing of $1.7 billion out of the $2 billion remaining in the ECA ... www.vanguardngr.com/2015/07/apc-hails-buhari-for-ending-workers-misery/ 9 Likes 3 Shares |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by alaoeri: 2:50pm On Jul 07, 2015 |
Where is that TANoid called ifeduba. |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by waro: 2:50pm On Jul 07, 2015 |
DO YOU HAVE A SUPPLY /CONSTRUCTION CONTRACT OF ANY SORT FOR SALE? OR YOU WANT A FIRM OR SOME ONE TRUST WORTHY TO STAND IN FOR YOU IN ABUJA? CALL 08035406273 |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by talktrue1(m): 2:51pm On Jul 07, 2015 |
I'm tired reading one news today and tomorrow they deny the same news I hope they will not deny the Ukraine export of weapons to Nigeria This BH need to be dealt with once and for all. No negotiation 2 Likes |
Re: Presidency Denies Plans Of Sharing $1.7 Billion From Excess Crude Account by ajepako(f): 2:51pm On Jul 07, 2015 |
season of denial.. that's how APC plans to rule for the next 4 years interesting! 8 Likes 1 Share |
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