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Obasanjo, Yar’Adua, Jonathan Never Touched NLNG Funds – PDP

by on July 13, 2015
 

The Peoples Democratic Party (PDP) has said non of its successive governments ever tampered with the Nigeria Liquefied Natural Gas (NLNG) dividends in the last 10 years.

A statement signed by the PDP National Publicity Secretary, Chief Olisa Metuh on Sunday in Abuja said that the fund at the end of President Goodluck Jonathan’s tenure had risen to a cumulative 5.6 billion dollars.

“The truth is that the NLNG had been on a 10-year tax until 2014. Within this period, successive governments, right from President Olusegun Obasanjo never shared nor tampered with the cumulative dividends over the years,” he said.

Metuh explained that whatever taxes paid from the NLNG go through the Federal Inland Revenue Services (FIRS) and recorded as part of the income of the Federal Government.

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“It is imperative to note that by the end of the tenure of President Goodluck Jonathan, NLNG dividends had risen to a cumulative $5.6billion and not a single cent was ever taken from the funds.

“Although it is within the rights of the APC administration to spend the funds in any way they may decide, it is, however, cruel for them to inflict on us all such malicious falsehood while the current Presidency without the benefit of economic advisers and relevant statutory organs of government, unilaterally decided to deplete the funds without thinking of the attendant future investments and financial obligations of Nigeria in the NLNG project”, he stated.

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PDP advised the APC to note that there was a limit to propaganda and lies, adding that “now is the time for governance and this government has shown total unpreparedness to face the challenges of governance at the center”.

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