News

 Oil Subsidy: LP wants Buhari to quit

The Labour Party (LP) wants President Muhammadu Buhari-led Federal Government to resign, for inflicting pains on Nigerians in the name of “questionable and unverifiable oil subsidy deductions.”

The party also called on the All Progressives Congress (APC) presidential candidate in next year’s election Asiwaju Ahmed Bola Tinubu, to withdraw from the race.

The LP National Publicity Secretary, Comrade Arabambi Abayomi, in a statement Sunday, warned that the country would be insolvent if the APC remains in government beyond 2023.

The party described the oil subsidy deduction as a scam, noting that the Pacific refinery in Ecuador with capacity to refine 500,000 barrels per day (bpd) cost $12 billion, and All Zour refinery in Kuwait with production capacity of 615,000 bpd at $16 billion, whereas Nigeria’s two to three refineries cumulatively have a refining capacity of only 1.2 million bpd.

The LP expressed worry that the APC is running Nigeria aground, noting that the Budget and Planning Ministry even admitted  that the cost of debt servicing has  surpassed revenue in the first four months of this year.

According to the party, there was a shortfall of N285 billion of oil revenue, from the projected N730.12 billion, which it said, represents a shortfall of 60.9 per cent.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica