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'soil industry has been run since he leftoffice 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 vexedissued 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 theRMAFC 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 ShehuSSA to the President(Media & Publicity)August 25, 2015

Ok

Wherez d sauce?

This we already kn, tell us d ones we dont kn.

Immanueladebol:
Wherez d sauce?

check ur kitchen

.........poo hari and subsidiesssssss

Nonsense

redsconsult:
check ur kitchen

Blos e don finish

Immanueladebol:
Blos e don finish

go buy for nearest night market

redsconsult:
go buy for nearest night market

kon sell 4 me na

"Wicked manipulation"?
Does he have to sound so emotional too early in this fight Soon he will go religious on us, that when we'll know he has come to the end of the road.

Blame blame blame... nothing more... o ga ooo

What's this man's problem? Probe Lord, Mr blame blame

Immanueladebol:
kon sell 4 me na

i resemble mama nneka wey u dey stalk

redsconsult:
i resemble mama nneka wey u dey stalk

u kan dey deny nw ba

kamair237:
Press statement from the presidency

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 ShehuSSA to the President(Media & Publicity)August 25, 2015

That is one our major problems. Buhari needs to do more by sending a bill to the National Assembly to put political office holders on Minimum Wage like workers.