President Muhammadu Buhari has said the People’s Democratic Party (PDP) must explain to Nigerians how it managed the huge resources that accrued to the country from oil sales between 1999 and 2014.
Femi Adesina, Special Adviser on Media and Publicity, revealed this in a statement on Thursday.
Buhari said while receiving Labour leaders who came to congratulate him on his electoral victory at the State House, Abuja.
In his words, “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 $16 billion 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.”
Speaking on negotiations that led to the approval of the N30, 000 minimum wage, Buhari said:
“During your negotiation with the minister of labour and when he briefed us in council on N30, 000 minimum wage. I gave an analogy of a mad woman, who went to fetch firewood but then she realised it was to heavy for her to carry, instead of reducing it, she added more.
“I said, we are struggling to survive as a nation. You (workers) knew what this country was earnings between 2009 and 2015, you knew the state of infrastructure when we came in, God gave them 16 years of unprecedented earnings. Multiply 2.1 million by $100 by 16 years.
“I don’t think the PDP has been been able to successfully explain to Nigerians what they did with that money. Because some of the roads especially the main ones, from here to Onitsha, from here to Port Harcourt since PTF days not to talk of new ones…monies they earned from petroleum in 16 years.
“You know the rail was virtually gone. And power, I asked where is the power? They spent $16 billion on power and Nigerians are asking, where is the power? It was unprecedented, irresponsible expenditure. Most of you are unanswerable to Nigerians, I appealed to you through our mutual friend, the minister of Labour to tell you where we found the country, where we are, and what we have been able to do with the resources available to us.
“Oil Production from 2.1 million barrels per day went down to half a million. The militants were unleashed on this administration, and yet as confirmed by your leader, we had to ensure pensioners who were dying to collect their entitlements. So really, there were terrible management of this country in last 16 years and we are just trying to make up.
“We cannot succeed without your cooperation. I appreciate the pressure you are under from your respective constituencies, most especially if you have to submit yourself for elections, you have to prove to your members that you are with them rather than with the government and we understand.”