Wednesday, May 12, 2021

How PDP squandered $500 billion oil funds – Buhari


Jaafar Jaafar
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
tiamin rice

President Muhammadu Buhari has taken a swipe at the Opposition Peoples Democratic Party, PDP, saying that the party squandered $500 billion oil earnings in 16 years.

While speaking at the opening of the All Progressives Congress, APC, National Caucus meeting, at the new Banquet Hall of the Presidential Villa, on Monday, Mr Buhari disclosed that he took over at a time Nigeria was fast heading for collapse.

“It is easy to forget the fuel subsidy fraud, arms fund diversion, depleted excess crude account savings, depleted foreign reserves, massive unpaid debts to contractors and suppliers amidst failure to invest or even maintain our infrastructure namely railways, roads, electricity, in spite of having earned over $500 billion from oil and gas alone, during the 16 years of PDP rule,” he said.

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On the other hand, National chairman of the party, John Oyegun, called on members to put aside their differences and prepare for the elections in Osun and Ekiti states respectively.

“Disagreements and differences of opinion are normal features of democratic associations, but we must not allow these to develop to the extent that it becomes fatal to the existence of our party, and the achievements of its basic objective of winning elections and forming a government that serves the interests of our people.

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“I, therefore, fully support the Asiwaju Peace Committee constituted by the president, to reconcile all aggrieved groups within the party and I encourage all of us to support the committee.

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“The success of this committee will provide great impetus to the realisation of victory for the party in the forthcoming general elections.

“I wish to note that the road so far has not been smooth sailing, but we have weathered the storm. We should be truly proud of the achievements of our government at all levels.”

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