PDP squandered $500bn in 16 years – Buhari

PDP squandered $500bn in 16 years – Buhari

President Muhammadu Buhari Buhari said the Peoples Democratic Party, PDP squandered $500 billion oil earnings in 16 years.

“Nigeria was fast heading for a state of collapse. It is easy to forget the fuel subsidy fraud, arms fund diversion, depleted excess 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 US$500 billion from Oil & Gas alone, during the 16 years of PDP rule. Lest we forget, we must always remind ourselves of the dire situation in which we came to office.

Also Read:
Keep your seniority to yourself - APC lambasts Jonathan over ultimatum

“Therefore we must not be shy in projecting our tremendous achievements from 2015 to date. The territorial integrity of Nigeria is no longer under threat. A number of security challenges still exist, but they exist in even the most well policed and well secured countries. I am confident that the measures we are taking will tackle the acts of rural banditry, herdsmen/farmers conflicts, communal clashes, kidnappings and other crimes,” he said.

APC must brace up for tough challenges in 2019 – Oyegun

“I wish to note that the road so far has not been smooth sailing, but we have weathered the storm. We must brace ourselves to face and overcome challenges that will come our way this year, and they are going to be tough. Elections are generally very emotive,” he said.

Also Read:
Police invasion of National Assembly, a coup, calls for independent inquiry - APC

He said he fully supported the Asiwaju Peace Committee constituted to reconcile all aggrieved groups within the party and encouraged all members to support the committee.

Our correspondent reports that Senate President Bukola Saraki and Kwara State Governor Abdulfatah Ahmed were among top party members absent as of the time of filing this report (10:00pm).

The meeting, which started at 8:00pm, was attended by Vice President Yemi Osinbajo, Speaker House of Representatives Yakubu Dogara, state governors, members of National Working Committee, members of the National Assembly, members of National Executive Council, former governors, ministers among others.

 

2 Responses to "PDP squandered $500bn in 16 years – Buhari"

  1. Cheryl Edim
    Cheryl Edim   February 28, 2018 at 10:51 am

    Really? That is why you are now squandering more, in just 3 years huh? Clap for yourself.

    Reply
  2. Engr Sola
    Engr Sola   February 27, 2018 at 8:25 pm

    God punish APC for their lies.

    Reply

Leave a Reply

Your email address will not be published.