Tag Archives: Buying

Oshiomhole Accuses PDP Of Buying PVCs

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Governor Adams Oshiomhole has accused the Peoples Democratic Party (PDP) of buying PVCs from voters in different parts of the state with a view to rigging the September 10 Governorship election in the state.

Speaking at a rally of the All Progressives Congress in Jattu, Etsako West Local Government Area of the state, Monday, Oshiomhole said anyone caught in the illegality will be prosecuted and jailed if found guilty.

According to him, “They are going round, collecting PVCs and dropping lies, please don’t sell your PVCs. Poverty cannot be cured with a dash, it has to be fought on a systematic basis.

“In Agenebode, they are buying PVCs, they will say bring it, we will give you N5,000. Ask them, if they sweat to make the money, will they use it to buy PVC? “Don’t allow them, after impoverishing you, they take N5,000 and stop you from voting. I’ve told the security agencies to monitor, when we catch them they will be prosecuted and jailed, but please, N5,000 will not bail anyone out of poverty.”

The Governor said “when we say the PDP, you actually buried it, we only announced it, and they will remain politically dead. They died in sin, they undermined the people, looted the treasury, failed all the questions and they breached all 10 commandments of development, so they died in sin and shall never resurrect in our lifetime.

“I hear them say Change the change, the dead cannot change the living because they are dead politically, they cannot change us who are politically living. So it’s a futile slogan. He said the PDP ruined the nation’s economy in 16 years.

According to him “On May 29, 1999, when the PDP took over the reins of the Federal Government, the official rate of naira was N21.90 to $1, by the time they were chased out of power, the naira was already exchanging for close to N200.”

We have written our own development testimonial in our own ink and they have written the testimonial of their failure in their own ink.”

Candidate of the APC, Mr Godwin Obaseki said the Edo progress cannot be put on the reverse by the PDP, adding “we will continue with what Oshiomhole has started; he has built roads, schools, hospitals, so we will continue with the next phase with human capital development.”

Credit: Vanguard

 

Buhari Moves To Stop Senate, House From Buying Over N4.7 Billion Exotic Cars

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President Muhammadu Buhari has frowned at plans by the National Assembly to buy over 400 new vehicles valued at over N4.7 Billion at a time the nation is facing cash crunch.

Mr. Buhari criticised the plan on Wednesday during his first televised Presidential Media chat, saying he had rejected a plan to buy new vehicles for him in the 2016 budget estimates.

“I turned down a N400 million bill for cars for the presidency, because the vehicles I am using are good enough for the next 10 years,” he said.

The president said he was having problems with the National Assembly because they were refusing to subject themselves to the new policy of a Treasury Single Account, TSA, and were planning plan to buy new vehicles.

“As for the National Assembly, we are having problems with them. I think everybody has to subject themselves to TSA as far as federal money is involved,” Mr. Buhari said.

When reminded that as the president, he might have the power to try to stop the purchase, Mr. Buhari said “I will explore that power to stop the expenditure of N50 billion for cars by the National Assembly.

“If I can turn down N400 million for the presidency that I do not need any new car because of the economy, I can’t see the National Assembly spending more that N47 billion to buy cars, on top of transport allowance they collect.

“I have to revisit that story. The budget for their transport allowance comes up to a N100 billion. With the kind of money that goes into the National Assembly, we have to look at it conscientiously and see how we can live within our means,” he said.

Credit: PremiumTimes

U.S Likely To Resume Buying Nigeria’s Crude Oil- Kachikwu

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The Minister of State for Petroleum, Dr. Ibe Kachikwu, has disclosed that Nigeria and its former long-term crude oil trading partner, the United States, may soon rekindle their trading relationship in crude oil.

The minister, who also said in spite of the Nigerian National Petroleum Corporation’s (NNPC) difficulties in meeting its cash call obligations, would not sell some of its stakes in the Joint Ventures (JV) with local and international oil companies (IOCs), added weekend in Kaduna that the United States had made overtures to resume buying Nigeria’s crude oil.

He said the development was a fallout of President Muhammadu Buhari’s July 2015 visit to the US. He, however, did not disclose details of the development but said that the US had indicated its interest in buying “very limited” quantities of Nigeria’s crude and that negotiation on that was ongoing.

The minister, who was in Kaduna to inspect the status of repair works on one of the country’s refineries, noted that irrespective of the renewed interest from the US, Nigeria was still diversifying its crude oil trading destinations deeper into Asia and other parts of the world.

“The fact of US actually being back into the sales of crude market obviously will impact on prices but what you find is that the volume of export that US intends to do is really minimal because there is a lot of local internal consumption and strategically they are still reaching out to buy a couple of Saudi barrels and in fact they are opening up to buy a couple of Nigerian barrels,” Kachikwu said.

He explained that after the president’s visit in July, the US indicated interest in buying very limited quantity of Nigerian oil, partly to support the market, adding that conversations on the overtures were ongoing.

Credit: ThisDay