The Director of Buhari Campaign Organisation, Mr. Festus Keyamo, SAN has said that Nigeria is the best-performing economy in Africa. Keymo made this known while speaking on Channels TV on Monday, he said “I need to remind Nigerians about the GDP growth. Of the 11 countries that went into recession around the world, Nigeria has exceeded all of them in terms of GDP growth”.

“None of them has crossed 1.4 to 1.5 percent, Nigeria is doing close to two percent GDP growth right now. Let us get that one clear,” he said. “Forbes Africa has rated Nigeria as the best-performing economy in Africa. The results came out two-three weeks ago, we are the best-performing economy in Africa.” He also said that President Muhammadu Buhari-led government is not paying subsidy like the Peoples Democratic Party (PDP) did but acknowledged that the Buhari admin is only paying “premium”. “What happened under the PDP government was that they were paying for products that did not land at all. That was the scam that was happening, It was fraud, the greatest stealing in the history of this country happened under them. “All the PDP bigwigs were all involved in this subsidy scam, then you saw that many of them refunded money. Like I said, they were paying for products that did not land at all, they will tell you they have brought product and you have to pay subsidy on those products. “The NNPC officials knew, everybody knew that the products did not come at all. What did Buhari do when he came? He said he wanted to cleanse that industry, he said NNPC should take complete charge of importation. “The government wanted to eliminate subsidy at that time, but as the price of crude went up, the price of production went up, the price of the bye-products also went up, its normal.” He said at the point when oil was $28 to $30, government was not paying subsidy, but “the difference occured when oil prices went beyond $43 per barrel, because that was the benchmark, as it rose beyond $43, the delta started, not subsidy. We started to pull away from N145”. “So the landing cost came to N203/N205, and we are still selling for N145 and the president said you cannot suffer the masses. Now how do they cover it? Not subsidy. “The NNPC Act allows the NNPC to make refunds to the federation account, in other words, they can spend money and return the balance to the federation account, by law.” When asked why the government was not appropriating this “premium”, Keyamo said, “It is now in the 2019 budget; despite the fact that it is backed by law, that premium has been put in the 2019 budget proposal”.

https://www.akelicious.net/2018/10/pdp-bigwigs-were-all-involved-in-this.html

Unfortunately I don't want hear all these unnecessary grammar. Just make a Dollar equal to one Naira like Buhari promised.


People keep screaming cost of rice has doubled ....cost of beans has tripled...Maybe I should tell you guy the Phone you buy for 30k today wouldn't exceed 17k had it been we continued with our previous exchange rate before the government of destruction came on board....All they do is blame opposition. May I ask, does Buhari even have Blueprint for the development of this country If yes, what's is like?

My question is that since PDP big wigs are no longer doing subsidy scam under Buhari how come Buharis iilegal subsidy spending has ballooned to 3 times what it was to 1.6 trillion Naira!!!!!

SarkinYarki:
My question is that since PDP big wigs are no longer doing subsidy scam under Buhari how come Buharis iilegal subsidy spending has ballooned to 3 times what it was to 1.6 trillion Naira!!!!!

For dragging this nation backward, he should earn the lengthiest jail term...He just came to kill and crash the economy claiming he's growing non existent GDP that has been inconsequential to the growth and development of Nigeria.


The money Buhari has injected so as to save naira from further fall is more than what they 'claim' PDP stole for 16 yrs...such a retrogressive living corpse

PDP @ least never denied they dont pay subsidy though the corruption was still there.However one of the biggest scandal ever seen in Nigeria is not only a Buhari government paying subsidy but same is fraught with more monumental corruption.This corrupt regime must go.

Imagine d kind excuse and baptismal name dis ediot is giving to subsidy...