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Nairaland Forum / Nairaland / General / Politics / Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The (383 Views)
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Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by nextlevel19: 1:21pm On Jan 15, 2019 |
During the 16 years of PDP government from 1999 to 2015, Nigeria earned a total of N51 trillion from petroleum resources. The money is part of the N96.212trillion the country earned in 58years of crude oil sales. revenue Of this princely sum, which accounts for about 80 per cent of the country’s revenue, only N12.258 trillion (just about 14% of total) has been paid to the oil producing areas as derivation. The figure is N35.848 trillion less than the N48.106 trillion the oil-bearing regions should have received as derivation if 50 per cent derivation had not been jettisoned few years after crude oil became the chief revenue earner for Nigeria. The figures are the outcome of research documents from the Petroleum Inspectorate, NNPC, CBN Annual Report and Statement of Account, Nigeria Bureau of Statistics and the Nigeria Extractive Industry Transparency Initiative, NEITI, indeed PDP squandered the nation’s earnings. 1 Share
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Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by NigerDeltan(m): 1:44pm On Jan 15, 2019 |
Even if they squandered $20trillion We were better of then
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Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by Guestlander: 2:04pm On Jan 15, 2019 |
NigerDeltan: How were you better off? If a fraction of that was used to ensure stable electricity, there would have been thousands of factories established as a result of that. Thousands of even millions of Nigerians would be employed and the economy would have been far bigger than what it is now. How then were you better off? |
Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by byteem: 2:07pm On Jan 15, 2019 |
nextlevel19: AND 80% OF PDP MEMBERS THEN ARE NOW APC MEMBERS .. BEHOLD OLD THINGS HAVE PASSED AWAY AND ALL THINGS HAVE BECOME NEW |
Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by sammy99(m): 2:12pm On Jan 15, 2019 |
and how much has APC squandered jst in three and a half year rule? Lets do d math. 1 Like |
Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by byteem: 2:18pm On Jan 15, 2019 |
sammy99: NO THEY ARE ALL SAINTS.. INCORRUPTIBLE SAINTS 1 Like |
Re: Peoples Democratic Party (PDP) Squandered About $500 Billion Oil Earnings In The by sammy99(m): 3:51pm On Jan 15, 2019 |
byteem: lol do u mean Gandollar? 1 Like |
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