Latest
Buhari thinks Nigerians deserve an explanation on how PDP managed oil income for 16 years
President Muhammadu Buhari has questioned the People’s Democratic Party (PDP) on its management of Nigeria’s wealth during the time it was in government.
During the 16-year period that the PDP was in control of power, Buhari said that there was no investment in the country’s infrastructure especially on power generation yet the party claimed it dedicated a sum of $16 billion for the purpose.
According to Punch News in a report published today, the president was speaking in Abuja while tending to guests from the Nigeria Labour Congress (NLC), who called in congratulate him on his re-election.
“PDP has not successfully explained to the country what they did with the money.
“There were no roads, no rail, no power. They said they spent $16bn on power, but where is the power?
“The irresponsible expenditure of that period has not been explained, and Nigerians deserve an answer on that terrible mismanagement of the country.”
Having successfully secured his position as the President of Nigeria following a tight contest between him and the PDP’s Atiku Abubakar, the incumbent has made a vow to all Nigerians that his last term will count.
In a tweet he posted on Wednesday, March 6, 2019, he hopes to continue his focus on providing security, improving on infrastructure, creating jobs as well as fighting corruption.
-
Business1 week agoNigeria: Whither the fruits of 2026 crude oil windfall?
-
Comments and Issues1 week agoThe “Onuku” Called Kenneth Okonkwo
-
Business6 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Business1 week agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Business6 days agoDangote Refinery sues FG over petrol import licences in downstream market showdown
-
Energy1 week agoRising global oil tensions raise fresh fears over Nigeria’s fuel prices
-
Business4 days agoAnalysts hail equities rally as over 30 NGX stocks beat inflation in April
-
Business4 days agoSterling Holdings FY2025 profit soars by 89% despite rising credit losses

