President Muhammadu 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 (RMAFC), President Buhari said the escalation of petroleum subsidy payments over recent years was due to 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,” Garba Shehu, the senior special assistant to the President on media and publicity quoted Mr. Buhari as saying.
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.
Mr. Buhari also warned that severe sanctions would 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 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.
Mr. 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.
Source: http://www.premiumtimesng.com/news/top-news/188986-buhari-blames-wicked-manipulators-for-escalation-of-fuel-subsidies.html

we are watching observing.......

you again INTROVERT hmmm

It's official that this Man didn't have any plan or blueprint on what to do than probe If It's now he's ordering for a roadmap on how to stop subsidy payments after almost hundred days in office. Keep blaming the past government as If that's not what you said you came to fix. I wonder what happened to your body language that it cannot stop subsidy claims.

They will contuine to blame till Jesus retirns .

Buhari keep blaming before u will know was up your tenure will expire... but wait oh is like this man lack focus abi dem use GEJ swear for him?

It was arranged method to steal most but tough time await them now.

But let me ask a question are we still importing at high price despite prices crash on international market?

Can't Nigeria fund new refineries and do a BOT like telecoms do?

Now you talking, when gej was complaining I thought people said he is corrupt and spineless

Buhari still acting like an opposition presidential candidate.
On second thought, I expect that his "body language" can solve this problem.

Too much noise

E.g withdrawal of diplomatic passport was not suppose to be a media thing, past governments did that without so much noise

Where have we heard this before??

Running out of clues are we?

Well well well... I remember how we lambasted GEJ and his supporters when they always blamed the rot in Nigeria on previous administrations. What's this I'm reading now?

Plus ça change, plus c'est la même chose.

Still reading

Some id1ots instead of supporting the President on his fight against the petroleum cabals will still come here to yarn dust.

You guys will earn the failure you are wishing for the current administration. While those wishing the current administration success will reap the fruit thereof.

"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"

Bolded shows that buhari shares more with Obj ediotic ITK disposition that sees everything wrong with others and nothing wrong with/in themselves...

Isn't it this man that started crude export for refined petroleum in 1984 abi who was stealing it then for him

When the NRC died under him as MHS what did he do?...