“NLNG Has Been On Tax Holiday In The Past 10 Years”- APC Lying To Nigerians, Says PDP

The Peoples Democratic Party (PDP) Sunday reacted to the charge by APC for it to explain what happened to tax remittances of the NLNG in the past years, describing it as misleading and an outright falsehood.

The party in statement issued by its National Publicity Secretary, Mr. Olisa Metu said NLNG has been on tax holiday in the past 10 years.

“The truth is that the NLNG had been on a 10-year tax haven until 2014. Within this period, successive governments, right from President Olusegun Obasanjo never shared nor tampered with the cumulative dividends.

“Whatever taxes paid from the NLNG go through the Federal Inland Revenue Services (FIRS) and recorded as part of the income of the Federal Government.

“It is imperative to note that by the end of the tenure of President Goodluck Jonathan, NLNG dividends had risen to a cumulative $5.6billion and not a single cent was ever taken from the funds.

“Although it is within the rights of the APC administration to spend the funds in any way they may decide, it is however cruel for them to inflict on us all such malicious falsehood while the current Presidency, without the benefit of economic advisers and relevant statutory organs of government unilaterally decided to deplete the funds without thinking of the attendant future investments and financial obligations of Nigeria in the NLNG project.