Less than two months before the 2019 presidential election, the Senate President, Dr Bukola Saraki, has taken a swipe at the All Progressives Congress (APC)-led federal government, accusing it of lying to Nigerians that the country consumes 50 million litres of premium motor spirit (PMS) daily. Saraki said the claim was criminal. He also accused the government of scaring away investors by creating a climate of fear and implementing poor economic policies.

Saraki, formerly an ally of President Muhammadu Buhari and member of the ruling APC, defected to the Peoples Democratic Party (PDP) following what he called “witch-hunts and political persecution” by the ruling party. He told some editors in an interview that the federal government’s anti-corruption crusade was an attempt to hoodwink the masses.

According to the senate president, “Under this government, we went from fuel consumption of 30 million litres a day to over 50 million litres per day. Where is this consumption taking place? This is criminal. What I am saying is that if we could be so hard on Jonathan that claims to be doing 30 million litres per day, now, they are debiting us with over 50 million litres per day.

“Nobody will tell you that we can consume more than 25 million litres per day. Calculate the amount of money that we are losing. It is not appropriated, that terminology is just a means to cover that transaction. Instead of reversing it, the president said it should be appropriated for and now we are coming back for it to be under the budget.”

Saraki, who is also the director-general of Atiku Presidential Campaign Council, the 2019 election campaign organisation of the PDP presidential candidate, Alhaji Atiku Abubakar, said the president ignored repeated counsels he had given him regarding an alleged oil subsidy fraud being perpetrated under his nose.

“If you look at it, that this subsidy must continue, then let it be efficient, instead of doing that the NNPC wrote the government saying that without putting the money in the budget, they can take the money straight from revenue, called cost recovery. This is fraudulent, it is illegal. There is nothing we did not tell Mr President that this cost recovery is wrong.”

Unlike former President Goodluck Jonathan, who adjusted his policies when corrected, Saraki stated that Buhari saw him as an enemy and attacked him as such.

Recalling what happened to him and others then in the APC, the PDP stalwart said, “Go and look at 2016 when we were in a recession. I called a debate and we wrote the president, listing things that he was yet to do. I will give you an example: we said we should see how we can raise equity; he (Buhari) attacked us. They said we wanted to sell refineries to our friends – you can remember. If you see the 2019 budget, the President is saying he is expecting the sum of N810 billion from the restructuring of the JVC – exactly what we had said at that time.”

Furthermore, the former governor believed the Buhari regime was stifling economic growth through its opaque economic blueprint, and urged the president and his economic team to open up investments to the private sector.
He declared that the organised private investors do not have confidence in the president’s commitment to provide a level playing field. Saraki asserted that while ordinary Nigerians would cast their votes to elect a president next year, the investors had already made up their minds.

Saraki affirmed that only the PDP presidential candidate could bring back the investors’ confidence in the country.
“You can harass politicians but investors’ money can only go to where there is safety,” he stated. “As long as the private investor does not have confidence (in the government), things will be difficult due to the fact that the right decisions are not taken by the government. I keep saying that ordinary Nigerians will go and vote on February 16, 2019. But the business community have voted already – that is the truth.”

Speaking further, the senate president said, “Unless we bring that confidence in our economy it will be difficult. That is why for those of us that found ourselves on the other side of the divide, we are saying that for Nigerians to move this country forward, we must do the right thing and vote for our candidate, Atiku Abubakar, because that is what will bring confidence in the private sector to invest.”

According to him, Nigeria is not like Saudi Arabia, which has enough funds to fund any project. He urged Nigerians to vote out the incumbent president.

“We don’t have that money. There are some countries, like Saudi Arabia, those kinds of countries that can fund their projects successfully. We cannot. Where is the money and who is going to bring out the money? Who will bring out that money? Do they (investors) have confidence in the government? The answer is no. Then, the government has to go, if the government does not go, poverty will continue,” Saraki stated.

He economic disaster lurked if Nigerians chose to keep Buhari in power, as it will further scare away the few investors staking their resources in Nigeria.

“Because oil price is at this level, it’s not going to move up. So, we already know the revenues. The question with this revenue is: will it bring the needed investment? The answer is no. Where will the money come from? It has to come from somewhere else. This is why they have been taking loans, which is not good for us, it should come from investments,” Saraki said.

The Nigerian National Petroleum Corporation (NNPC) had in a report last week said Nigerians consumed a total of 479 million litres of petrol from January to September 2018, representing an average of 53.2 million litres daily for nine months. NNPC’s operational and financial results for September 2018 also showed that the country consumed 80 million litres of petrol per day in March 2018, up from the 41 million litres consumed daily in December 2017.

http://mcebiscoo.com/2018/12/30/saraki-criminal-say-nigerians-consume-50m-litres-pms-daily/

Omo baba oloye....

Let assume we have 11 million vehicles. At least 8 million will buy less than 5 litres per day
That's 40 million litres. Then how about fueling generator..?

Definitely we consumed more than 50million litres per day. Omo baba oloye..

Saraki


You run your mouth too much


lets say peter obi didnt lie that there are 2 million vehicles , you are saying nobody is purchasing 25 liter even among interstate vehicles ?

11 Million vehicles according to official stats , you are saying noone buys at least 4-5 liter of petrol per day ??


bros , ori nta yin

True.... how do you go from 30mltrs with all the alleged malpractices and a time of plenty in 2015 to 50mltrs in a reccession period?

Ask yourselves, how do you use 75% more fuel when you have:

-20m jobloss..
-Reccession..
-800 companies closed up..
-80m poor destitutes..
-Poverty capital..
-Ban on Cotonou cars..
-Custom charge on imported vehicles increased by 70%..
- Little or no buying power from the populace..
- Alleged better electricity (fashola)..
- NNPC sole importer..
- increase in fuel price (less quantity purchase)..
- New car purchase at its lowest
- Budget not fully implemented due to revenue shortfall..
- More fuel efficient cars usuage compared to 2015
- Secured borders on tankers divert (according to Alli)

We need to start asking the right questions.. are you spending more or less?

Saraki complaining about subsidy , hunger and brokenness must have tightened its grip on the idiot

You suggested to buhari to sell refineries , Buhari said you want to sell it to your friends , obviously that's the truth , the NEPA,NITEL and co that you sold whats the outcome ?? instead of giving you chance to loot crude oil , black gold of the world , he approved 38 licences for modular refineries , all those your friends are free to invest in that


and bros, your waka nor pass abuja estate reach house where you be oga , you cannot understand the hustle of pepper / onion / yam sellers who travel from east to north and west to earn a living

so stfu

Me HOLAMIC I don't know why saraki is sharing information we know now maybe for him to remain a Senate president or for him to have is last moment till MAY... Ire oo

helinues:
Omo baba oloye....

Were you not alive last December? Evil supporter

Auxtin85:


Were you not alive in last December? Evil supporter

Ayam not understanding..... What is this one saying...

The Nigerian National Petroleum Corporation (NNPC) had in a report last week said Nigerians consumed a total of 479 million litres of petrol from January to September 2018, representing an average of 53.2 million litres daily for
nine months. NNPC’s operational and financial results for September 2018 also showed that the country consumed 80 million litres of petrol per day in March 2018, up from the 41 million litres consumed daily in December 2017.

Am i the only person not understanding this maths?

Saraki, the worst Senate President in the history of Nigeria should fvcking shut up, with all these useless grammar and statistics.

What matters to the lay man on the street is the availability of fuel (na make petrol full ground dem dey after!)

Even a blind person knows that this will be the first time in many many years that there wont be any type of long queue at filling stations anywhere in the country at this time of the year.

Sai Baba, carry go.
All na propaganda.
We are with you solidly Daddy!

Wailers, wailing is allowed!

What can we say?

Our curse started the day INEC announced Buhari the winner over Jonathan.

There is a lot of sense in what Saraki is saying, this subsidy thing is the greatest scam ever.
Investor confidence in Nigeria is very low at the moment and without direct foreign investment we may not get the needed money to revamp the much needed infrastructure.
I just dey fear for Nigeria because daily crude oil is losing it's value and APC will continue borrowing to fund the budget.
The bad thing is Buhari is more interested in covering up his incompetence instead of appointing technocrats to help him.

helinues:


Ayam not understanding..... What is this one saying...

Am not surprised you don't understand, your Oga at the top hardly knows anything happening around him.

Lifeless squad

Two corrupt people arguing.

NNPC being the sole importer of refined petroleum products is like the best decision this administration has made.

At least not everybody can generate paper work to claim subsidy on products they did not import.

It could still be happening with the NNPC, but these spurious claims are way less than before.

Auxtin85:


Am not surprised you don't understand, your Oga at the top hardly knows anything happening around him.

Lifeless squad

Oh okay. Bye

Let Saraki take a calculator and visit a filling station where God Is Good, Young Shall Grow,ABC,LIBRA Motors are fueling their buses then He should come back and tell us if truly Nigerians are not consuming up to that amount of Petrol daily...

Yes, that's what we r consuming

,

TroubleMaker47:

Am i the only person not understanding this maths?

My brother thank God i be mathematician. less than 500m liters from january to sept, that is on average of 50m liters in 1 calander months and less than 2m on average per day. so what is the fused. Is omo baba oloye missing his drugs

helinues:
Omo baba oloye....

Let assume we have 11 million vehicles. At least 8 million will buy less than 5 litres per day
That's 40 million litres. Then how about fueling generator..?

Definitely we consumed more than 50million litres per day. Omo baba oloye..

Why label 2017 picture "PDP December"? Are you by chance ashamed of your party performance last year?

Mystick:

Why label 2017 picture PDP December? Are you by chance ashamed of your party performance last year?

@ bolded whose party?

I said it, those wheelbarrow pushers use fuel...... No wonder

this senator is too dull.....how many vehicles,plants and smaller generators are in Nigeria?

UST look at how a whole senate President failed simple mathematics.we have 170 days in 9 months (January to September)....479millions divided by 170 day gives him 53 million

how can Nigerian youths be this gullible?

No more money for election. This year i never see sharing of keke, bike, cars etc from political leaders oh. Buhari did this guys strong thing

while your submission is true , you dont think these insiders can deliberately release figures to tarnish their political enemy's image ?

naijanaso:


Bros, these People are the insiders...they know what's up and not. Forget your roadside statistics. When they want to open the can of worms, they do so.

ironheart:
No more money for election. This year i never see sharing of keke, bike, cars etc from political leaders oh. Buhari did this guys strong thing

very strong.....I pity atiku.after spending his dollars ,his eyes go clear

helinues:


@ bolded whose party?

Are you about to deny your political party as well, after ascribing their performance to PDP?

RevenGeMission:
Saraki complaining about subsidy , hunger and brokenness must have tightened its grip on the idiot

You suggested to buhari to sell refineries , Buhari said you want to sell it to your friends , obviously that's the truth , the NEPA,NITEL and co that you sold whats the outcome ?? instead of giving you chance to loot crude oil , black gold of the world , he approved 38 licences for modular refineries , all those your friends are free to invest in that


and bros, your waka nor pass abuja estate reach house where you be oga , you cannot understand the hustle of pepper / onion / yam sellers who travel from east to north and west to earn a living

so stfu

spot on. You said it well