Connect with us

National Issues

Re: Voting PDP Back To Power Could Draw Nigeria Backwards, After Cleaned Up Their Mess — Buhari

We learnt with alarm the various reports and claims of incidents of stealing of crude oil ranging from 80% to 95% of production made by industry practitioners and called on the Federal Government to set up an appropriate mechanism to reverse this trend and bring perpetrators to account.

Published

on

apc nigeria

 

Re-voting APC Back To Power Would Draw Nigeria Backwards, PDP Needs To Urgently Clean Up Their Mess — Adesanya-Davies

 

Advertisement

That President!!! Bye to APC!!!
They call him
The President
His Excellency
Mr. President
The Number One
That President !!!

He sits at the country’s capital as the president
But he is not really THE PRESIDENT.

He is only a president to his own people, kids and kins
His governance is all about his own tribe
He is full of lopsided appointments perfected during his tenure…
He has configured all the architectural units of the nation into Fulanization towards full Islamisation.

Advertisement

He hopes to bring all the Fulani tribes in Northern Nigeria, Nigeria, Africa and entire world to occupy the indigenous lands of the people of Nigeria.

All we hear is, “I want to assure you” and “The perpetrators shall be brought to book” but never ever, when the blood of Christians is shed in broad daylight in horrendous murdering in Nigeria, the poverty capital of the world…

‘’We lament the terrible pain and hardship facing Nigerians in virtually all aspects of life”, the governors of Southern states and governors of PDP in Nigeria cry:

Advertisement

“We site comparative data from the National Bureau of Statistics (NBS), and we conclude that, ‘’life was much better in 2015 under the PDP than today under the APC’’ as the proofs are verifiable:

a. ‘‘Fuel: Official and Black-Market was N87/155 in 2015, it now costs N167/350. Then, Diesel which is critical for running of SMEs was N131.47 in 2015, it now costs above N700.’’

b. Aviation Fuel/Air Ticket Rate on Domestic Flights was N110 per Litre/N18, 000 in 2015, it now hovers around N700 per Litre/N70, 000, where available. Indeed, the scarcity of fuel which has resulted in loss of several man hours is a disgrace to Nigeria.

Advertisement

c. The collapse of the National Grid (126 times in 7 years – (June 2015 to March 2022) and its consequences for non-availability of power is most unfortunate.

d. Kerosene (NHK) used by the ordinary Nigerian for cooking and power was N180 in 2015, it now sells at ₦450.

e. Liquefied Petroleum Gas (LPG) – 12.5kg Cylinder sold for N2, 400 in 2015, is now sold at between N8, 750 and N10, 000.

Advertisement

f. Prices of basic food stuffs are now three times higher than what they used to be in 2015. Staple foods such as rice, beans, cassava flakes are now slipping out of the hands of average Nigerians. Indeed, a Bag of Rice sold for N8500 in 2015 is now N39, 000.

g. Electricity was N14.23 per kilowatt in 2015, it is now N38.530, and not even available.

h. Unemployment rate was 11.4% in 2015, it is now over 33%, one the highest in the world.

Advertisement

i. The poverty rate in 2015 was 11.3% but now about 42.8%.

j. Accumulated Inflation in 2015 was about 4%, it is now 15.50%; Inflation Rate was 9.01% in 2015 and now 15.7%.

k. Perhaps the Exchange Rate has been one of the most disastrous. N150 to a dollar was the parallel market (patronised by most businessmen and Nigerians) rate in 2015, it is now about N580 to $1 in the parrel market and still rising.

Advertisement

l. Debt and Debt Servicing: Domestic Debt of N8.4T and External Debt of USD 7.3b was incurred between 1999-2015. While Domestic Debt of N7.63T (June 2015-Dec 2020) and USD28.57b as at Dec 2020 was incurred. External debt of USD21.27b was incurred between June 2015 and 2021.

n. National Debt to GDP Ratio was 23.41% (2016) it is now 36.88% (2022).

o. The Corruption Index has risen from 136 in 2015 to 150 now.

Advertisement

p. Nigeria’s Misery Index, an indicator used in determining how economically well off the citizens of a country are, is usually calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate, has moved from 14.75 percent in 2015 to 50.48 (2021).

q. The major threat to the agricultural sector and food security in Nigeria is insecurity. In the northeast of Nigeria, it is estimated that no fewer than 70, 000 hectares of arable farmland have been abandoned in the affected States and Local Government areas. The trend is the same all over the country. This further contributes to food inflation. The APC led Federal Government must take steps to cooperate with States to bring security down to the grassroots.

r. And the alarming bloodshed in the land by Boko Haram, ISWAP, Jihadists, Terrorists, Unknown gunmen, Assailants, Killer Fulani herdsmen and Bandits, name them… We are unable to grasp the evil that motivates some human beings to deliberately take the life of others. Every soul counts before God, and we know that He is greatly displeased with this wickedness and will unfailingly judge them.

Advertisement

We learnt with alarm the various reports and claims of incidents of stealing of crude oil ranging from 80% to 95% of production made by industry practitioners and called on the Federal Government to set up an appropriate mechanism to reverse this trend and bring perpetrators to account.

We once again decried the inability of the NNPC to make its statutory contributions to the Federation Account, inspite of Oil selling at above $110. It is patently unconstitutional for NNPC to determine at its whim and discretion when and what to pay to the Federation Account, as it is a mere trustee of the funds for the three tiers of Government: Federal, States and Local Governments.

We once again, call for investigations and audit of the quantity of consumption of fuel ascribed to Nigerians and for deployment of technology at the filling stations to determine in a transparent manner the volume of consumption.

Advertisement

We would resist any further attempt by NNPC to ascribe unsubstantiated subsidy claims to other tiers of government.

Furthermore, S.162 (1) of the 1999 Constitution of the Federal Republic of Nigeria as amended stipulates that “The Federation shall maintain a special account to be called “the Federation Account” into which shall be paid all revenues collected by the Government of the Federation…” and S.162 (10) states that “For the purpose of subsection (1) of this section, “revenue” means any income or return accruing to or derived by the Government of the Federation from any source.

But as of today, 18 (Eighteen) Federation Revenue Agencies are not paying/remitting any revenue to the FAAC Account. These include (i) Central Bank of Nigeria (ii) Nigeria Maritime Administration and Safety Agency (NIMASA) (iii) Nigeria Liquefied National Gas (NLNG) (iv) Nigeria Communication Commission (NCC) (v) Economic and Financial Crimes Commission (EFCC) (vi) NPA (vii) Security and Exchange Commission etc

Advertisement

(b) FIRS and DPR takes cost of collection of 4% (Four percent) of Revenue collected while Customs collects 7%. In March 2022 for instance, FIRS took N15.4Billion as cost of collection and Customs took N8.4b. If these are annualised, FIRS and Customs collects about N1.84Billion and Customs N100B per annum. Obviously, some states of the Federation’s capital budget does not come close to these.

(c) Nigeria Federation has 49% shareholding in NLNG. According to the Minister of Finance during the 2020 budget performance brief at the National Assembly stated that the federation received dividend of N144billion (One Hundred and Forty Four Billion) from NLNG. These figure to the best of our knowledge was never paid into the Federation Account.

(d)) NNPC deducts N8.33Billion monthly for the rehabilitation of the Refineries in Nigeria. Till date no refinery is working.

Advertisement

(e) On priority projects of the Nation’s oil industry, NNPC deducted N788.78Billion for various investments between 2018-2021 without recourse to FAAC.

(f) NNPC in 2021 alone claimed to have paid over One Trillion Naira as petroleum subsidy. Indeed, the month of March 2022, N220Billion was deducted as oil subsidy with a promise that N328Billion will be deducted in April 2022. This is unacceptable.

(g) NNPC and FIRS as well as other remitting Agencies continue to apply an exchange rate of N389/$1 as against the Import and Export window of N416/$1. The extent of this leakage can be better felt, if this rate is compared to the current N570/$1.

Advertisement

(h) From available records about N7.6T is withheld between 2012 and 2021, by NNPC from the Federation Account. All these are said to be payments for oil subsidy.

(i) Conclusively, we believe that all these leakages in NNPC have been made possible because the President is also the Minister of Petroleum. The urgent separation of these two portfolios have become necessary.

We are surprised that in the face of these statistics of complete failure in all ramifications and areas, the APC still wants to be on the ballot in 2023. This shows how uncaring and insensitive the APC is. IT HAS BECOME A MENACE TO NIGERIA.

Advertisement

We urge Nigerians to reject the APC, a party run undemocratically by a Committee contrary to the Constitution (S.228) with Mr. President regularly issuing instructions and dictates. It is impossible for a party so disorganized to offer good governance to the people of Nigeria.

We conclude the PDP must remain focused and united to win power in 2023, to tackle the myriads of problems facing the country, Nigeria! IT’S TIME FOR UNITY GOVERNMENT, IT’S TIME FOR RESTRUCTURING, NOW IS THE TIME FOR REGIONALISM OF NIGERIA!!!

That President ! Bye to APC!

Advertisement

They call him
The President
His Excellency
Mr. President
The Number One
That President !!!

Bye to APC!!! Bye to APC!!! Bye to APC!!!

We say bye to APC!!!

Advertisement

Bye to THE BROOM!!!

(An allegory to the historical and political account of two great parties  All Progressives Congress (APC) and People Democratic Party (PDP) in Nigeria as poetic rendering. Thank you!)

Advertisement
Continue Reading
Advertisement
Comments

Trending Articles