– The director of President Muhammadu Buhari campaign organisation, Festus Keyamo has indicted the PDP in dealings related to petrol subsidy
– Keyamo said that the opposition, during its administration, was paying for products that were never imported into the country
– He said the Buhari-led government came to cleanse the system and alleviate the pain of Nigerians
Festus Keyamo (SAN) the director of Buhari campaign organisation, recently said that Nigeria has the best-performing economy in Africa.
Speaking with newsmen on Channels TV on Monday, October 15, Keymo: “I need to remind Nigerians about the GDP growth. Of the 11 countries that went into recession around the world, Nigeria has exceeded all of them in terms of GDP growth.
“None of them has crossed 1.4 to 1.5 percent, Nigeria is doing close to two percent GDP growth right now. Let us get that one clear. Forbes Africa has rated Nigeria as the best-performing economy in Africa. The results came out two-three weeks ago, we are the best-performing economy in Africa.”
He denied claims that that the President Muhammadu Buhari-led administration is not paying subsidy like the Peoples Democratic Party (PDP) did, but admitted that the the federal government is only paying “premium”.
“What happened under the PDP government was that they were paying for products that did not land at all. That was the scam that was happening, It was fraud, the greatest stealing in the history of this country happened under them.
“All the PDP bigwigs were all involved in this subsidy scam, then you saw that many of them refunded money. Like I said, they were paying for products that did not land at all, they will tell you they have brought product and you have to pay subsidy on those products. The NNPC officials knew, everybody knew that the products did not come at all.
“What did Buhari do when he came? He said he wanted to cleanse that industry, he said NNPC should take complete charge of importation.
“The government wanted to eliminate subsidy at that time, but as the price of crude went up, the price of production went up, the price of the bye-products also went up, its normal.”
“He said at the point when oil was $28 to $30, government was not paying subsidy, but “the difference occurred when oil prices went beyond $43 per barrel, because that was the benchmark, as it rose beyond $43, the delta started, not subsidy.
“We started to pull away from N145. So the landing cost came to N203/N205, and we are still selling for N145 and the president said you cannot suffer the masses. Now how do they cover it? Not subsidy.
“The NNPC Act allows the NNPC to make refunds to the federation account, in other words, they can spend money and return the balance to the federation account, by law,” he said.
Asked why the government was not appropriating this “premium”, Keyamo responded: “It is now in the 2019 budget; despite the fact that it is backed by law, that premium has been put in the 2019 budget proposal.”
Meanwhile, TRACKNEWS.NG had reported that Keyamo had said that the PDP could not be trusted with power in 2019.
TRACKNEWS.NG gathered that he was reacting to the party’s apology to Nigerians through its national chairman, Uche Secondus, on Monday, March 26, over its past mistakes.
Keyamo likened the PDP’s apology to a patient who underwent a major surgical operation to cure a disease who can’t be discharged immediately.
News7 days ago
Uproar as Church Son of Apostle Suleman Discloses Supposed Top Secrets: He slept with church choir members.
Business5 days ago
EXCLUSIVE: AITEO Boss, Benedict Peters, Linked To Massive International Fraud Money Laundering (Part1)
Business7 days ago
UPDATE: First Bank investors lose N1.79bn, as court seals headquarters, seizes properties over debt
Politics6 days ago
2023: Keyamo Attacked Atiku Under The Influence Of Drug – Dino Melaye
Politics7 days ago
How Festus Keyamo Exposed Tinubu on Channels TV
News4 days ago
Nnamdi Kanu’s US lawyer filed a new request with the British government regarding the continued detention of IPOB’s leader
Business2 days ago
AbdulWasiu Sowami, the Billionaire who acquired Femi Otedola’s Forte Oil
News5 days ago
AGF Malami: We Did Not Sell Recovered Assets – Firm Reacts To EFCC Arrest Of ARMU Head