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Literary Openings, Gadgets and News in Nigeria | Duketundesblog: NIGERIA: No PDP president ‘ever touched NLNG dividends’

Monday, 13 July 2015

NIGERIA: No PDP president ‘ever touched NLNG dividends’

"The Peoples Democratic Party (PDP) said none of its successive led governments ever tampered with the Nigeria Liquefied Natural Gas (NLNG) dividends in the last 10 years".

A statement signed by the PDP spokesman, 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. The party stated that its attention had been drawn to the “misleading and outright falsehood” by the All Progressives Congress (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.

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