₦airaland Forum

November 1, 2018

Press Statement

PDP: Atiku Will Reduce Fuel Price…Accuses Buhari, APC of Fleecing Nigerians

The Peoples Democratic Party (PDP) says its Presidential candidate, Atiku Abubakar, has worked out a pricing template that will immediately crash the pump price of fuel in the country, since the President Muhammadu Buhari-led All Progressives Congress (APC) administration, in its insensitivity, has failed to do the needful in the last three years.

This is just as the PDP completely rejects the Buhari-led Federal Government’s increase of the official prices of diesel and kerosine, stating that such will bring more economic pressure on the already impoverished nation, as most businesses and homes across the country heavily depend on these products for sustenance.

The party revealed that it has been in high level talks with top international players in the oil and gas industry, adding that its engagements has shown that the appropriate pump price of fuel in the Nigerian market, under the current subsidy regimes of the Buhari Presidency, should be within the borders of N87 to N90 per liter as against the N145 currently being charged.

The PDP said with the current price template of crude oil in the international market, the Buhari administration has no justification to keep the pump price of fuel at N145 per liter and watch Nigerians groan under the weight of high prices, while a cabal at the presidency loot the funds meant to subsidize the product.

The PDP notes that for every N145 paid for a liter of fuel, the Presidency cabal diverts a hidden N58 which Nigerians have continued to pay since the fuel price was increased from N87 to presumably subsidized cost of N145.

Apart from failing to account for the over N1.4 trillion allegedly siphoned through sleazy oil subsidy deals, the Buhari-led Federal Government is burdened to account for the over N3.49 trillion stolen under the hidden N58 per liter of fuel on over 50 million daily domestic consumption estimated in the last three years.

The PDP notes that had the Buhari administration heed wise counsel to be transparent in its dealings in governance and to engage more experienced hands on petroleum issues, the nation would not have been in the dire straits we face today.

The party however urges Nigerians not to despair as its Presidential candidate, Atiku Abubakar, has already worked out a blueprint that will end sleazes, ensure appropriate pricing template and free resources to guarantee availability of product on a national pricing regime.

Signed:

Kola Ologbondiyan
National Publicity Secretary

I predict that with these Statements, Fuel price in Nigeria will be reduced!!

Just Watch how the Minister of Petroleum will Reduce The fuel price!

Action speaks louder than words.. Till then

I just hope Nigerians will not fall for this reasoning again.

Lower PMS Price = Subsidy
Subsidy = Lower funds for infrastructure
Lower funds for infrastructure = higher borrowings

bluecircle470:
I just hope Nigerians will not fall for this reasoning again.

Lower PMS Price = Subsidy
Subsidy = Lower funds for infrastructure
Lower funds for infrastructure = higher borrowings

You sabi book...


Atiku's desperation is getting more & more apparent by the day.

don't start making promises on his behalf, let him make his promise himself.

We this statement alone,PDP will never smells the corridors of power again. I don't know why some people are so forgetful of their past records this is so shameful of our politicians

Na today? How much is tuition fee at his University? Has he reduced that? You can fool some people sometimes but you can't fool all the people all........Bob Marley

For more jokes, send ATIKU to 419

Atikulation

bluecircle470:
Na today? How much is tuition fee at his University? Has he reduced that? You can fool some people sometimes but you can't fool all the people all........Bob Marley

Cogent question brethren.

bluecircle470:
We this statement alone,PDP will never smells the corridors of power again. I don't know why some people are so forgetful of their past records this is so shameful of our politicians

Papa Deceiving Pikin as usual.

While Oil Bunkerer Atiku continues posturing with his party bag of tricks containing 'false promises', posterity is there to remind us of his antecedents.

Bunkering:
However, the cheap price of the subsidised fuel in the Nigerian market has promoted another type of stealing. This is called 'bunkering'. Originally this bunkering covered the theft of crude oil. Every day the Nigerian economy loses between 150,000 and 320,000 barrels of oil. These are stolen by 'bunkerers', who have small tanker vessels which load the oil in the Delta and tranship this stolen oil to offshore tankers which deliver this stolen oil to other West African states. Further inland illegal tanker trucks load their stolen oil and refined products and drive these into neighbouring countries for black market sale. At the current price of around US$50 per barrel this amounts to a 'leakage' of around US$7.5 to US$16 million a day for the sale of crude oil. The sale of refined products adds to the total. On a monthly basis this amounts to around US$365 million or US$4.4 billion a year.

This illegal trade was pioneered under President Abacha when Akhigbe, Victor Ombu and Ibrahim Ogohi perpetrated the smuggling of petroleum products from Port Harcourt and Warri to neighbouring West African countries. When a real effort at anti-corruption was undertaken by the journalists of the 'Insider', retribution was swift and severe. The editor-in-chief, Chucks Onwudinjo, and Janet Mba-Afolabi, both executive editors of Insider, a weekly magazine, were picked up by men of the State Security Services. Their arrest and detention were on the orders of Atiku Abubakar, the vice-president. They were arrested on Monday, November 24, 2004

While the nation enjoyed Ed-el-fitri public holiday, the trio cooled their heels at the Panti Police Station in Yaba, Lagos where they were detained for a story the Insider ran in its November 24 edition. The story, which made the magazine's cover alleged that Abubakar and a close colleague were behind a bunkering ring recently smashed at the Forcados and Escravos Creeks.

Specifically, Atiku was accused of being behind three of the vessels, MT Gloria. MT Tina and MT Sara, which had about 4,000 metric tonnes of crude oil aboard, while his colleague was allegedly linked to two vessels, MT Berinelo and MT Breton 1 with 17,800 metric tons aboard. The eight ships captured in the bunkering deal collectively had about 124 million barrels on board valued at N35 billion.

On August 30, security officials attached to the Vice-President, Atiku Abubakar, attacked and beat into coma, Akintunde Akinleye, a photojournalist with the Daily Independent newspaper. He was eventually compensated in a face-saving mission by the Vice President. He received $1,900 and N 56,287.00 cash.

This bunkering has continued despite the efforts of the Joint Task Force and other law enforcement officers largely because bunkering has the blessing of the local state governors and the high federal officials who condone and prosper from the bunkering operations.

Source: http://www.ocnus.net/artman2/publish/Editorial_10/Where-Has-Nigeria-s-Money-Gone_printer.shtml

Say no to #AtkiulooterCONtinua
Say no to #Lootocrats

modath:
You sabi book...

Atiku's desperation is getting more & more apparent by the day.

Did you say this about Buhari? .
Don't let hatred kee you.

AnyoneButAtiku:
While Oil Bunkerer Atiku continues posturing with his party bag of tricks containing 'false promises', posterity is there to remind us of his antecedents.



Source: http://www.ocnus.net/artman2/publish/Editorial_10/Where-Has-Nigeria-s-Money-Gone_printer.shtml

Say no to #AtkiulooterCONtinua
Say no to #Lootocrats

Prosecute Maina Babachir Lawal Adeosun or SHUT UP.

bluecircle470:
For more jokes, send ATIKU to 419

For a better Nigeria, send BUHARI to DAURA.

bluecircle470:
Na today? How much is tuition fee at his University? Has he reduced that? You can fool some people sometimes but you can't fool all the people all........Bob Marley

Buhari was so poor that his children schooled abroad.


He even borrowed money to buy form due poverty even when his children were schooling abroad.

desperate fool....

The way GOODLUCK jonathan reduce it in January 2012 abi? PDP PDP PDP nigerians are now wiser

Na today??... Easier said than done

I believe u... U sabi

bluecircle470:
We this statement alone,PDP will never smells the corridors of power again. I don't know why some people are so forgetful of their past records this is so shameful of our politicians

past records of what that Jonathan didn't reduce pump price?

bluecircle470:
I just hope Nigerians will not fall for this reasoning again.

Lower PMS Price = Subsidy
Subsidy = Lower funds for infrastructure
Lower funds for infrastructure = higher borrowings

Even after being d king of borrowing... Is fuel not still expensive? Think before. U talk next time .

is it the same atiku that no poor man can av his child in his university or another atiku?