PDP blasts APC over NLNG dividends

PDP blasts APC over NLNG dividends

Sunday, July 12, 2015 11:30 pm


The Peoples Democratic Party (PDP) said none of its governments since 1999 till 2015 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 tenure had risen to a cumulative 5.6 billion dollars.

The party stated that its attention had been drawn to the “misleading and outright falsehood” by the All Progressives Party (APC) on the issue.

“The truth is that the NLNG had been on a 10-year tax haven until 2014.

“Within this period, successive governments, right from President Olusegun Obasanjo, never shared nor tampered with the cumulative dividends over the years.

“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.

“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,’’ it stated.

The statement said although it was within the rights of the APC administration to spend the funds in any way it might decide, it was, however, wrong for APC to try to insinuate that the past PDP-led governments had hidden the fund. (N


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One Comment

  • Bekepu John says:

    All blame is a waste of time. No matter how much fault
    you find with another, and regardless of how much you blame him, it will not
    change you.

    The only thing blame does is to keep the focus off you
    when you are looking for external reasons to explain your unhappiness or
    frustration. You may succeed in making another feel guilty about something by
    blaming him, but you won’t succeed in changing whatever it is about you that is
    making you unhappy.

    *** Wayne Dyer American Psychotherapist, Author &
    Lecturer ***

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