LNG dividend stood at $5.6 billion, Jonathan’s savings, PDP Insists

Hamilton Nwosa
Writer

Ad

The Gift of Hindsight: What I Would Tell My Younger Self, By Johnson Babalola

By Johnson Babalola @jbdlaw Hindsight, they say, is life’s most generous teacher—but it sends its lessons late. It is only after the storms that the patterns become clear; only after the wrong turns that the map begins to make sense. As I celebrate another birthday today and have grown older, I often find myself reflecting…

Gasoline Prices Drop Toward Pandemic-Era Lows

The national average price of gasoline dropped below $3 a gallon over the weekend. GasBuddy has predicted that prices will go even lower in the coming weeks, with good prospects of motorists enjoying sub-$3 prices for extended periods. This drop is overwhelmingly being driven by the significant increase in oil production from OPEC throughout 2025.…

Alleged Christian Genocide Claim is Damaging Nigeria’s Image– Tuggar Laments

By Abiola Olawale Minister of Foreign Affairs, Yusuf Tuggar, has voiced concern over what he described as the damaging impact of the "Christian genocide" narrative on Nigeria's international image. This is as the Minister claimed that the country's complex security challenges are being falsely simplified as religious persecution. Speaking at the Reuters NEXT Gulf Summit…

Ad

lngABUJA- NATIONAL leadership of the Peoples Democratic Party, PDP yesterday insisted that contrary to claims by the Presidency, the $2.1 billion Liquefied Natural Gas (LNG) component of the bailout for states was actually saved by the immediate past President Goodluck Jonathan-led PDP administration.

In a statement yesterday by PDP National Publicity Secretary, the PDP noted that in actual fact the LNG dividend stood at $5.6 billion even before the handover date of May 29th and would have been shared, but for the insistence of former President Goodluck Jonathan that it be left for the incoming administration to manage.

Metuh hailed President Muhammadu Buhari for making it possible for Nigerians to know that monies were left behind by the Goodluck Jonathan administration.

According to PDP, despite attempts by the APC-led administration to hide the truth, the issuance of the bailout with funds from the LNG proceeds and the Excess Crude Account (ECA), it has exposed the fact that the PDP administration actually left behind huge sums of money, contrary to the impression earlier given to Nigerians and the international community that the new administration met a virtually empty treasury.

He said, “It is gratifying to note that gradually the evidence of monies left behind by the PDP-led administration is coming to public light despite effort by the new government to hide the facts.

“The public had been made aware that $2 billion was left in the ECA for which the Accountant–General and the APC confirmed approvals for the withdrawal of $1.7 billion.

“We know that surely, though slowly, a lot of other monies saved by the PDP and which are now under the control of the APC government will eventually be unveiled by this administration themselves and without any effort on our part whatsoever.

“The PDP says it believes that President Buhari must have realized that he was earlier misdirected on the actual state of the nation’s finances and should as a respected statesman apologize to his predecessor, President Goodluck Jonathan who also ensured that he handed over to him a peaceful and stable environment to operate.

“President Buhari as a leader on whose shoulders lies the mandate of the Nigerian people and the burden of governance for the next four years should strive to disentangle himself from the intrigues, propaganda, blackmail and machinations of some leaders in his party and focus on delivering on his campaign promises for which he was elected.”

The PDP also urged the APC as a party in power to rise above board and endeavor to be honest in its dealings, especially if it wants Nigerians to take it seriously. It said a situation where a ruling party will resort to a dishonorable act of altering a statement where it earlier acknowledged the approval for the withdrawal from the ECA, just to hide the truth, leaves much to be desired.

Metuh said, “Finally, we want the public to note that all our statements and engagements have been based on facts and issues. Consequently, we urge the Presidency to focus on issues and stop trending on personal insults, threats and abuses.”

 

Ad

X whatsapp