President Muhammadu Buhari Tuesday accused past governments of encouraging corruption in the oil sector.
Buhari said he was disappointed at the way Nigeria’s oil industry had been handled since he left office as a former petroleum minister and as a military Head of State in 1985.
Buhari was quoted in a statement by the President’s Senior Special Assistant on Media and Publicity, Garba Shehu, Buhari as making this observation during a meeting he had with a delegation of the Revenue Mobilization, Allocation and Fiscal Commission at the Presidential Villa in Abuja.
The president specifically heaped the blame on governments for the current situation in which Nigeria is forced to spend billions of naira annually on subsidies for petroleum products.
He said he was sure that there would not have been any need for the huge subsidies currently being paid to importers if the development of the country’s domestic refining capacity and petroleum products distribution network had kept pace with national demand.
“They (past administrations) allowed the infrastructure to collapse so that their cronies can steal by bringing in refined products from overseas,” Shehu quoted the President as saying.
He therefore urged the chairman and members of the RMAFC, who availed him of their view on petroleum subsidy payments, to come up with more humane proposals to rescue ordinary Nigerians from what he described as the “wicked manipulation” of the country’s oil industry by corrupt operators.
The President said that the Nigerian National Petroleum Corporation, the Nigerian Ports Authority and other MDAs, which previously relied on the laws establishing them to retain all or part of the revenues collected by them, did so illegally and must now comply with the Nigerian Constitution by paying all revenues into the Federation Account.
Buhari was also said to have flayed the RMAFC for approving what he called “excessive remunerations” for some political office holders.
| Posted: at | |
gogoman
dickman2
DJSNIPPER
elchymo
PoliticxGuru
JennyK95
eoadex2003
Blessed75
freethinker
PaskyWosky
climax_man
SOGaiya
sandra78
ngfineface
christianity
Slimchery
TRENDING GISTS 
Police Parade One-Man Interstate Phone Thief, 10 Others In Kwara
VID: Singer Paul Okoye Cries Out Over The Struggles Of House Chores In The UK
VIDEO: Unrest In Plateau As Gunmen Kill University Student, 19 Others 20 In Fresh Attack
Mayorkun Slam Nicki Da Barbie With N1b Lawsuit For Damaging His Reputation, Accusing Of Been A Rapist
Jubilation in JUTH As 49 Year Old Woman Welcomes Quadruplets After 15 Years of Waiting
Davido Collaborates With UnitedMasters To Launch New Music Label
New Super Eagles Head Coach Will Be Announced in Two Weeks - Sports Minister Reveals
Nina Ivy Recounts Her Delivery Journey as She Celebrates Her Son’s 4th Birthday (Video)