@POLITICSNGR

Below is a press statement from the Buhari Media Organization;

The Buhari Media Organisation (BMO) has cautioned a group of oil marketers against indulging in scare mongering and blackmail over a debt burden inherited from the previous administration.

The oil marketers had issued a seven-day ultimatum to shut down operations at all depots over an N800b oil subsidy debt.

BMO said in a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke that there is no basis for Independent Petroleum Products Importers (IPPIs) to resort to such tactics over a debt matter that this administration was not responsible for.

“For the avoidance of doubt, the issue raised by the IPPIs is an inherited one but the Buhari administration is not shying away from paying the debt in line with the approval of the Federal Executive Council (FEC).

“In fact the Buhari administration has paid 330 billion naira of this debt as approved by the National Assembly and has issued Promissory Notes for the settlement of the rest of the debt.

“The Debt Management Office (DMO) has since activated the process of payment after the requisite clearance was secured from the National Assembly but it has to follow due process.”

BMO also wondered why the marketers are raising dust over the government’s intention to settle the outstanding arrears through promissory notes.

This it says is because DMO had, since October, given a clear indication of its intention to accelerate the settlement in line with the process approved by FEC when its management met with the Senate Committee on Petroleum (downstream).

“It was clear from the outset that the debt would not be paid by cash and that was why the DMO came into the picture.

“There was no time the government agreed for cash payment so there is no need making such demand so close to the yuletide period.

The group also urged IPPI to tow the line of the Independent Petroleum Marketers Association of Nigeria (IPMAN) and other groups of marketers which do not see the need to issue threats.

“We acknowledge the decision of other oil marketers under the aegis of IPMAN to dissociate itself from the 7-day deadline even when their money is part of the N800b subsidy debt.

“By opting not to shut their facilities, IPMAN members have proved to be patriots who are prepared to allow the payment process run its full course.

“It would be ideal for IPPI to take a cue from the more industrious group of marketers and allow Nigerians enjoy the new lease of life in the downstream sector”, the group added.

https://politicsngr.com/n800-billion-subsidy-stop-terror-tactics-else-bmo-warns-oil-marketers/

The Buhari Media Organisation (BMO) has cautioned a group of oil marketers against indulging in scare mongering and blackmail over a debt burden inherited from the previous administration.

These people will not stop blaming GEJ for everything.

What happened to under-recovery?

Idiots

I thought Buhari promised to end fuel subsidy?

Nigeria


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SpecialAdviser:
I thought Buhari promised to end fuel subsidy?

One of his promised and failed statements

Don't worry 2019 is around the corner....no be your fault. Stupid oloshi

Wats dis nonsense about Inherited from previous administrations??.....na FG dey owe dem no be present , past or future administrations........but as na zombies dem be dem no go understand

Make una pity for us for this Christmas abeg

so presidency can't talk again, BMO are now voice of government

Any one who will make the 2nd and only most anticipated holiday we Christians enjoy in this country difficult again this year,

May amadioha, sango , all the strange gods that my fellow nairalanders can add to the list strike them with affliction.

Idiats.

Is the federal govt being held hostage to the scraped subsidy? Why not deal with the issue once and for all so oil marketers don’t keep taking advantage of you.

So BMO has turned to FG that will be cautioning or threatening people like this? Over to U Oil marketers.

There Is nothing I will not hear from this government. Who should they demand the money from before? So who will now pay all this trillions buhari is borrowing to fund his medical excursion if inherited debts are not meant to be paid

AntiMahdi:


These people will not stop blaming GEJ for everything.

What happened to under-recovery?

Idiots

My brother the thing tire me.

This is a man that begged to be president 3times and the 4th time we dicided to see reason with him....

All he could do after getting the job he asked for is blame the man he took over from..... Is that not a sign of incompetence

Everyone now has a s ay apart from the president and he tell me he is still alive

We do not have a president, even when yaradua was sick , governance did not suffer like this.

AntiMahdi:


These people will not stop blaming GEJ for everything.

What happened to under-recovery?

Idiots

Why do you dodge the truth? Isn't it a debt burden inherited from GEJ the buffoon?

Buterflyle0:


Why do you dodge the truth? Isn't it a debt burden inherited from GEJ the buffoon?

Between this administration and gej administration who has more debt, forgetting that gej spent 6years to buhari 3+years? Who is going to pay all this trillions buhari borrowed for medical excursion once he leave office?

noturbusiness:

Between this administration and gej administration who has more debt, forgetting that gej spent 6years to buhari 3+years? Who is going to pay all this trillions buhari borrowed for medical excursion once he leave office?

Its on record that buhari has borrowed less and even what he borrowed went directly into infrastructure unlike GEJ who kept borrowing for salaries

I dont want fuel scarcity oo. i cant suffer, you people better reconcile


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Buterflyle0:


Why do you dodge the truth? Isn't it a debt burden inherited from GEJ the buffoon?

It is not my dear, it has been over 3 years he left office and he left with country making profit in fuel importation.
Government is our greatest enemy in this country. I feel bad when people play regional politics that does nobody any good.

The truth is that they don't care about the common man except during election time. I wish we can be speaking with a common voice. With the way we reason in this country, we will continue holding each other down. The little high you get is temporal.
You still have more than 4 years to live. The decisions you take today will shape your future, the criminals we create today, will be our greatest challenge tomorrow.

AntiMahdi:


These people will not stop blaming GEJ for everything.

What happened to under-recovery?

Idiots

They forgot Buhari inherited $5.2 billion NLNG 5years royalty and taxes from Jonathan Administration.

Tell them to convert their inheritance to Naira.

Buhari Media Orphans