Buhari Lambastes PDP for Wasting $500bn Oil







FORMER administration led by People’s Democratic Party – PDP, squandered about $500 billion oil earnings in the 16 years, President Muhammadu Buhari has said.


Speaking at the opening of the All Progressives Congress – APC, National Caucus meeting on Monday, Buhari said he took over at a time Nigeria was fast heading for collapse.

The President said ‘’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.’’

Buhari said the PDP government failed to invest or maintain the country’s infrastructure ‘’in spite of having earned over $500 billion from oil and gas alone, during the 16 years of PDP rule.”



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