Presidency yesterday reiterated its earlier stand that funds recently released by the Federal Government to states were not sourced from the Excess Crude Account, ECA.
Accusing the opposition spokesman, Olisah Metuh of falsehood, Presidential Adviser on Media Publicity, Femi Adesina said the funds were from the Natural Liquefied Gas Company taxes paid into the federation account.
Adesina’s statement read in part: “The Presidency deplores the attempt by the PDP and its agents to create an unnecessary controversy over the well-intentioned effort by President Muhammadu Buhari to give some relief to state governments and longsuffering of public sector workers.
We also reject the banal and ludicrous demand by the PDP Spokesman, Olisa Metuh, that the PDP Government which was ousted by Nigerians at the last general elections for running the country aground, be given some credit for “saving” the funds that were disbursed as part of the intervention package approved by President Buhari.
Mr. Metuh’s claim that a significant amount of the funds came from savings accumulated in the Excess Crude Account and handed over to the Buhari Administration, is completely false and deliberately intended to mislead the public.
As we clearly stated yesterday (Tuesday), the funds approved by President Buhari for sharing to the three tiers of government on Monday came entirely from dividends and taxes paid to the Federation Account by the Nigerian Liquefied Natural Gas Company (NLNG), not from the Excess Crude Account.
The disbursed NLNG dividends and taxes were paid into the Federation Account in June this year and confirmed by the Central Bank’s Statement to the Federal Government on July 7, 2015. The funds cannot therefore be considered “savings” by the Jonathan Administration which left office in May, 2015, as disingenuously claimed by Mr. Metuh.”
Adesina argued that President Buhari should be commended by the PDP rather than being castigated.
“Instead of being repeatedly impugned and castigated by the PDP and its agents for honestly telling Nigerians that the nation’s treasury has been immensely depleted and its resources looted or squandered under previous administrations, President Buhari should be commended for the openness, transparency and accountability which he has now brought to the management of national funds.

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