I never said petrol will sell for N40 per litre under Buhari – David-West
By Sylvester Ugwuanyi on April 11, 2016

David-West1
A former Minister of Petroleum Resources, Prof Tam David-West who served when Muhammadu Buhari was the Head of State, has denied saying that President Buhari will crash the price of petrol to N40 per litre, regretting that he must have been misquoted.

This was as he stressed that it was shameful that Nigeria is still involved in importation of petroleum products despite having four refineries capable of meeting the energy needs of the country. He insisted that there is nothing wrong with the nation’s refineries.

The Professor of Virology who spoke to Daily Sun in a telephone interview at the weekend, clarified that he only canvassed the removal of some 14 items currently listed in the petrol pricing template as that which would help crash petrol price to N40.

[flash]http://dailypost.ng/2016/04/11/i-never-said-petrol-will-sell-for-n40-per-litre-under-buhari-david-west/[/flash]

We know. had it been Buhari did it you will come and tell us you said it. Gararahere mehn

What took you so long to dismise the rumour.. see as person papa dey lie.

You might as well deny your name!

A Yam Goliath East would be fine! Nobody wants to be associated with failure.

Tam West is a f(u)cktard. So you are now denying after deceiving the gullible abi?

These old men are all shameless liars!

He didn't say it.

Denial not new to us afterall Bigger things have been denied already. Smh

he said it.

Caseless:
He didn't say it.

http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”

In a telephone interview with Vanguard, the former minister argued that Nigeria produces millions of barrels of crude oil daily, and if properly harnessed will boost the performance of the industry. His words: “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work.

The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry. He noted that the president-elect is familiar with the petroleum industry, adding that he is a straight forward person that has respect for democratic principles. “As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses.

No responsible government will allow the masses to suffer. “He will strengthen the refineries within a year. It is possible as we won’t spend any amount in setting up a green field refinery. We already have a blueprint as we shall use what we have to get what we want,” he added. He further stated that on many occasions, the president – elect had disclosed that the subsidy initiative is a fraud which has distorted the progress expected in the sector.

He is also said to have frowned at the spate of corruption, which has characterised the subsidy regime to include the trillions of Naira spent on both Petrol and Kerosene subsidy within the past few years, thus inhibiting efforts to properly carry-out the Turn Around Maintenance TAM, for the refineries. He added that on countless occasions, he had argued that the country is forced to pay for scam carried out by oil cartel.

Read more at: http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Are you surprised. What is this government known for, so he has to tag along.

Don't blame him.

Caseless:
He didn't say it.

How do you live with APC lies daily? It's really difficult for you

searchng4love:
he said it.

Did someone hack your moniker or you are now seeing the chains

The future is bleak as these hot n cold leaders are everywhere. Lai Mohd now dis?

Fedayeen:
Did someone hack your moniker or you are now seeing the chains

IMPORTANT INFORMATION
1) One barrel of Crude oil = 42gallons or 159 litres

2) Our Refineries (i.e 4) Installed (combined) capacity = 445,000 ... barrels per day

3) Actual refineries capacity due to ageing equipment = 30% i.e. 133,500 barrels per day.

4) . . 133,500 barrels = 21.2 million litres

5) Local required consumption (F.O.S) = 12millions litres

6) It means that even our MORIBOND refineries can actually meet our local consumption need of petroleum.

7) The cost structure of crude oil (i.e. Qua Iboe Crude Oil) production; - Findings / development - $3.5
- Production cost - $1.5
- Refining Cost - $12.6
- Pipeline/transportation - $1.5
- Distr/bridging fund Margin -$15.69

Cool True cost of one litre of petroleum anywhere in Nigeria;
- Total sum cost = $34.8
- 1ltr cost = $34.8/159 litres = $0.219
- Naira equiv. 0.219xN160= N35.02k
- Add Tax N5 + N35.02 = N40.02

9) Let FGN refute the above composition and if not, they should tell us how they came about N65/litre.

10) Locally refined products cannot be sold at International price.

11) We really do not need FGN SUBSIDY as there was NONE in the first place.

12) What is LACKING, is the WILL to enforce LAW ON CORRUPTION.

Pls re-post until it gets to the right quarters for their response; We still stand a chance as a COUNTRY.

Analysis by Professor Tam David West, former Petroleum Minister.

http://www..com/talk/topic,88026.0.html

Fedayeen:
How do you live with APC lies daily? It's really difficult for you

we don't lie in apc.

Caseless:
we don't lie in apc.

Abokii give me suyer make i chop

These old men clearly look at the rest Nigerians as fools that's why could lie and lie during campaign just to get to power

Such a coward that cannot own up to his statements. During campaigns, because of his ulterior motives, he said these words, they were bandied about as campaign propaganda and the demonic party he supported won elections. Now, he has seen their despotic and inept attempts after leadership, coupled with being roundly ignored with no appointment thrown his way, he wants to deny his words.

These are the kind of people that die miserable deaths because of a life of deception n lies!

The spirit of lying is upon all Buhari supporters so this is not surprising at all.

eleojo23:
Not surprised.

Yes oh.
Na APC na.



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I still believe in this government. Though tribulations may tarry for the night but JOY cometh in the morning.

Who else has noticed that since february not even a single positive news has come out of Nigeria

Square peg in a round hole....Professor of Virology.....Petroleum matters ......No wonder he got it wrong

lonelydora:
I still believe in this government. Though tribulations may tarry for the night but JOY cometh in the morning.

please stop giving yourself false hope; That Bible verse is not for this Govt I beg.

More and more people are dissociating themselves from Buhari... Hmmm it's not a sign of good things. History is about repeating itself... People got tired of Buhari - Idiagbon regime and same seems to be playing out now... It's all cry-cry-cry, everywhere you go!

sublimes:
please stop giving yourself false hope; That Bible verse is not for this Govt I beg.

I'm a christian so I still believe in my holy book.

lonelydora:
I still believe in this government. Though tribulations may tarry for the night but JOY cometh in the morning.

Sometimes, I am tempted to believe that the hardship we are experiencing presently is temporary but when I see the cluelessness of those in govt, I just give up any hope of things getting better soon.

Tam is part of the old generation that nigeria does not need if indeed it wants progress, he is a sophisticated version of intellectual ignorance

Tam David west doesn't deserve a burial when he dies.his body should be left on the streets for dogs to feed on. I am surprised that many Nigerians stupidly believed him,he was sacked by babangida for fraud when he was made minister for petroleum. Tam has always been a fraud and lying old man with double mouth

I wonder why the ebora of owu has not started writing letters.

otukpo:
I wonder why the ebora of owu has not started writing letters.

You still don't understand Nigerian politicians ,
They only ride on peoples emotion and feelings . Obj will only talk or write his letters when he sees that everybody is against pmb ,then he will behave as if he is on ppls side .

Shameless lying old man.. It's people like this that die very horrible deaths. After deceiving millions of gullible Nigerians..

We are not surprise. old man.