₦airaland Forum

The Presidency has rubbished claims by the Peoples Democratic Party (PDP) that President Muhammadu Buhari’s bailout funds for the state was gotten from savings of former Nigerian President, Goodluck Jonathan.

In a statement issued by Femi Adesina, special adviser on media and publicity to Buhari, he noted that Nigeria’s main opposition party’s claim was false, banal and ludicrous. “The Presidency deplores the attempt by the PDP and its agents to create an unnecessary controversy over the well-intentioned effort by President Muhammadu Buhari to give some relief to state governments and long-suffering public sector workers,” the statement said.

“We also reject the banal and ludicrous demand by the PDP Spokesman, Olisa Metuh that the PDP Government which was ousted by Nigerians at the last general elections for running the country aground, be given some credit for “saving” the funds that were disbursed as part of the intervention package approved by President Buhari.

“Mr. Metuh’s claim that a significant amount of the funds came from savings accumulated in the Excess Crude Account and handed over to the Buhari administration is completely false and deliberately intended to mislead the public.

“As we clearly stated yesterday, the funds approved by President Buhari for sharing to the three tiers of government on Monday came entirely from dividends and taxes paid to the Federation Account by the Nigerian Liquefied Natural Gas Company (NLNG), not from the Excess Crude Account.

“The disbursed NLNG dividends and taxes were paid into the Federation Account in June this year and confirmed by the Central Bank’s Statement to the Federal Government on July 7, 2015. The funds cannot therefore be considered “savings” by the Jonathan Administration which left office in May, 2015, as disingenuously claimed by Mr. Metuh.

“Instead of being repeatedly impugned and castigated by the PDP and its agents for honestly telling Nigerians that the nation’s treasury has been immensely depleted and its resources looted or squandered under previous administrations, President Buhari should be commended for the openness, transparency and accountability which he has now brought to the management of national funds.

“It was in keeping with that disposition, that the President promptly disclosed the accrual of the NLNG dividends and taxes to the Federation Account at his recent meeting with State Governors and approved the convening of a special session of the FAAC to share it.

“As a state governor who was present at the meeting remarked, under past administrations, the states never had the benefit of such disclosures.

“Mr. Metuh and others who now ungratefully see Monday’s disbursement of the NLNG proceeds as their “legitimate” earnings and not a “bailout” from the Federal Government may wish to tell Nigerians if such earnings were ever disclosed by the PDP Federal Government and paid to the states in the past.

“The public may also wish to note that the Buhari Administration itself has never referred to the actions which it has taken to ease the current financial difficulties of states as a “bailout”.

Source:http://www.pmnewsnigeria.com/2015/07/08/claim-by-pdp-that-bailout-funds-was-from-jonathans-savings-is-false-ludicrous-presidency/

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hmmmm

APC make una go sit down. A little credit to GEJ will do your party no harm.

the wailers will keep wailing just like the guy above me.

Codims82:
APC make una go sit down. A little credit to GEJ will do your party no harm.

No credit shall be given to he who doesn't deserve it.

Knew someone would say this. He may be correct though.

Codims82:
APC make una go sit down. A little credit to GEJ will do your party no harm.

what useless credit?

did you read the press release at all?

they've clearly explained the source of the funds, yet you are here arguing stoopidly

PDP Is a false party since 1999

Mr Metuh knows that he effd up after making the statement. He ought to be enlightened more than that.#FreeCrashCourse
SOURCE

Codims82:
APC make una go sit down. A little credit to GEJ will do your party no harm.

Yes..GEJ takes credit for bringing this country to the sorry state it is presently in. Nonsense!!

If buhari without minister can make such amount of money in a month, then it is a sign of good things to come, we can even expect a double of that in months to come when the government starts running fully. Speed rails,stable power,improved Army,5k for the poor,cheap petrol and all other 'CHANGES' will definetly be here with us.

PDP over to you. Em' em' which account nna talk say nna savings dey again sef? Make dem' expose nna yansh again. Awon ole jatijati

.

If over 700Billion Naira is derive from dividends and taxes paid to the Federation Account by the Nigerian Liquefied Natural Gas Company (NLNG),in one Month. That means 8.4 Trillion Naira is expected in one year from this source.When you add crude oil sales to it, I guess Nigeria will almost be like Dubai in 4years.

And if Pdp come up with a counter claim, Femi Adesina will issue another release to debunk the counter claim and the circle will continue to no end ...


When will there time for real governance ?

KEVIND:
If over 700Billion Naira is derive from dividends and taxes paid to the Federation Account by the Nigerian Liquefied Natural Gas Company (NLNG),in one Month. That means 8.4 Trillion Naira is expected in one year from this source.When you add crude oil sales to it, I guess Nigeria will almost be like Dubai in 4years.

NLNG-Company Income Tax is payable once every year.and the dividend may also be annual.

profosa:
NLNG-Company Income Tax is payable once every year.and the dividend may also be annual.

So they decided to remit it in June?

Answering Metuh is a waste of time. He knows nothing about how money is generated. Between him and Jonathan, I don't know who's better.
Anybody that want credit for Jonathan should contact Glo overload.