{"id":62329,"date":"2018-05-22T18:10:35","date_gmt":"2018-05-22T17:10:35","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=62329"},"modified":"2018-05-22T18:10:35","modified_gmt":"2018-05-22T17:10:35","slug":"buhari-says-abacha-built-infrastructures-obasanjo-wasted-15billion-on-power","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/buhari-says-abacha-built-infrastructures-obasanjo-wasted-15billion-on-power\/","title":{"rendered":"Buhari Says Abacha Built Infrastructures, Obasanjo Wasted $15billion On Power"},"content":{"rendered":"
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President Muhammadu Buhari has said while late military dictator Sani
\nAbacha building infrastructure, former president Olusegun Obasanjo
\nsquandered $15billion on phantom power projects.<\/p>\n

Buhari who has a history of never accusing Abacha of corruption despite
\nmillions of Dollars being recovered from the late dictator, took a veiled
\nattack on former President Obasanjo.<\/p>\n

Speaking at the villa\u00a0on Tuesday<\/span><\/span>\u00a0when he hosted the Buhari Support
\nOrganisation (BSO), led by Hameed Ali, Comptroller-General of the Nigeria
\nCustoms Service (NCS), Buhari said that regardless of what anyone thinks
\nabout Abacha, it must be remembered that subsequent civilian presidents
\nspent billions on naira in infrastructure yet have had little to show for
\nit.<\/p>\n

Buhari specifically noted: \u201cYou know the rail was killed and one of the
\nformer Heads of State between that time was bragging that he spent more
\nthan 15 billion American dollars not Naira on power. Where is the power?
\nWhere is the power?\u201d<\/p>\n

The President also spoke about the nation\u2019s buoyant crude oil earnings in
\nthe past, compared to the meagre earnings during his administration,
\nwondering why past governments ended up in debt rather than a deep purse.<\/p>\n

\u201cI have to repeat what I want public to know here. Some of you may not
\nhave heard it. Either there is no power in your place or even in the
\ntelevision, I said and I challenge anybody to check from Europe, Asia and
\nAmerica. Between 1999 and 2014, Nigeria was getting 2.1 million barrels
\nper day at average cost of $100 dollars per barrel,\u201d he said.<\/p>\n

\u201cIt went up to $143. So Nigeria was earning 2.1m million times 100 times
\n16 years seven days a week. When we came, it collapsed to $37-38 and it
\nwas oscillating between 40 and 54 sometimes. I went to the Governor of
\nCentral Bank; thank goodness I did not sack him; he is still there! I went
\nwith my cap in my hand but there were no savings, only debt.<\/p>\n

\u201cAnd you know more than I do the condition of the roads and some of them
\nwere not repaired since PTF days. No matter what opinion you have about
\nAbacha, I agreed to work with him and the PTF road we did from here to
\nPort Harcourt, to Onitsha, to Benin and so on… On top of other things in
\nthe institution, education, medical care and so on.<\/p>\n

\u201cYou know the rail was killed and one of the former Heads of State between
\nthat time was bragging that he spent more than $15billion, not naira, on
\npower. Where is the power? Where is the power? And now we have to pay the
\ndebts and this year and last year’s budgets I took to the National
\nAssembly were the highest in capital projects: more than N1.3trillion.<\/p>\n

\u201cLet anybody come and confront me publicly in the National Assembly. What
\nhave they been doing? Some of them have been there for 10 years. What have
\nthey been doing? So, really, this country, luckily for me, I said it about
\neight years [ago] that we have no other country than Nigeria, we should
\nremain here and salvage it together no matter what you have outside.\u201d<\/p>\n

<\/div>\n
\n<\/div>\n<\/div>\n<\/div>\n
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President Muhammadu Buhari has said while late military dictator Sani Abacha building infrastructure, former president Olusegun Obasanjo squandered $15billion on phantom power projects. 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