Oil sector: Saraki’s bandying false figures – APC…

The All Progressives Congress (APC) Presidential Campaign Council has urged Nigerians to ignore Senate President Bukola Saraki’s  fairy tales over fuel consumption. It noted that Saraki has resorted to campaign of calumny directed at the person of President Muhammadu Buhari ahead of the looming defeat of the Peoples’ Democratic Party (PDP) at the presidential poll and imminent collapse of Saraki’s empire in Kwara.

Its spokesman, Festus Keyamo (SAN), recalled that Saraki claimed in a television interview few days ago that Nigeria’s petroleum consumption is about 20-22 million litres per  day and that import level of 50 million litres is a scam and fraudulent. Keyamo said Saraki’s statement  was a demonstration of hallucination of figures hence he has resorted to poorly choreographed and worn-out political brinkmanship fuelled by absence of any credible agenda to present to Nigerians.

“The same Dr. Bukola Saraki was in the 7th Senate and knows very well that in 2014 and part of 2015, the PDP Government that was in power reported daily PMS consumption of 35-40 million litres per day to Nigerians. Strangely, years later, the PDP Campaign DG is peddling a phantom fuel consumption figure of 20-22 million litres per day. The PDP Chief Campaigner discountenanced the obvious fact that within the last three years of the current administration, the Nigerian economy that PDP left in comatose has been jump-started to vibrancy leading to remarkable changes in energy consumption needs and patterns.

“The allegation that the national oil company prevailed on Mr. President not to seek appropriation for subsidy and to rather treat it as cost under-recovery is not only laughable and mischievous, but it is a blatant lie. Verifiable records indicate that NNPC has never claimed subsidy payment from any government in its history of operation. All NNPC’s transactions in this regard have been treated as product costs under-recovery. The Corporation, like any other business entity, does its business and recovers its cost from its revenues.

“It is instructive to note that in his rush to indict the NNPC and the President, willy-nilly, Dr. Bukola Saraki forgot that a Senate Committee was set up by him to investigate the intervention of NNPC in PMS imports. The mandate of the Committee includes volumes, costs and any associated under-recoveries. The big question remains; why would he not wait for the outcome of the Committee he set up to investigate the matter? Is it because he believes the outcome of his Committee will not satisfy his predetermined mindset?  Nigerians should therefore ignore the tantrums of Dr. Bukola Saraki as they concern the oil and gas sector.”

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