Oil companies got N11.2bn waiver in 2011

The leadership of ex-President Goodluck Jonathan, granted several billions in import duty exemptions in four years, between 2011 and May 2014, Premium Times reports.

According to the report, a total of N502 million waiver was given to beneficiaries in the gas sector in Delta State by the Jonathan led administration.

ALSO READ: 'I know Buhari is investigating me,' Ex President says

The report further revealed that the imports with waiver were generally plants, machinery, equipment and spare parts.

To this end, waivers of values N7.8 billion went to Shell Petroleum Development Company Limited; N3.4 billion to Chevron Nigeria Limited and Frontier Oil Ltd.

Delta State Ministry of Energy was not left out of the waiver booty as the ministry got N502 million for the import of “Machinery for Utilization of Natural Gas.”

ALSO READ: Group condemns militants’ attack on Chevron Oil

In the same year, a total of N4.6 billion went to the health sector; 9.1 billion to Mines & Steel; N21 billion to agriculture while N3 billion went to “other sectors”.

The report was aided by data obtained from the Budget Office of the Federation which details a fiscal policy recklessness that made duty waivers in Nigeria questionable.