Contrary to the perceived lopsided siting of the intervention projects executed by the defunct Petroleum (Special) Trust Fund (PTF) in certain geo-political zones, the South-South zone got the lion’s share of the projects under the leadership of the former head of state and presidential candidate of the All Progressives Congress (APC) Gen Muhammadu Buhari.

This development and other disclosures were contained in a document obtained by LEADERSHIP last night.

The PTF was an intervention initiative put in place by the late Gen Sani Abacha regime which was operated between 1995 and 1999 to invest in socio-economic infrastructure – including in road transportation and waterways, water supply, food supply, health and education – the gains that would accrue from a new pricing regime for petroleum products introduced in October 1994, from N3.25 to N11 per litre, an increase of N7.75 per litre.

During the four years of its operation, the resources available to the PTF, according to findings, represented less than 10 percent of the nation’s budget.

From its inception in May 1995, and more particularly from January 1996 when it received its first disbursement, the PTF worked diligently in the execution of its mandate through its programmes, with an objective of resuscitating the nation’s collapsing social services and deteriorating infrastructure.

According to findings, a working formula was adopted by the Fund that recognized three categories of projects and allocated funds available to them: federal projects, 48.5%; state projects, 50% and FCT direct allocation, 1.5%. The state project funds in turn were allocated to respective states/zones using a set of criteria that gave consideration to equity, population, land/water mass, terrain difficulties and needs assessment. The location and coverage of the

PTF programmes and projects were designed to carefully fulfill these criteria.

In terms of allocations made to fund PTF projects as at May 1999, out of an estimated total of 187 billion Naira to all projects and programmes, about 56.5% was committed on projects in Zones 1 (South West), 2 (South East) and 6 (South South), i.e. the zones in the south of the country. Zones 3 (North West), 4 (North East) and 5 (North Central) had a combined allocation of about 43.5%. Indeed, in terms of difficulties in natural terrain, the projects in Zone 6 (the South South), such as road construction, were the most capital intensive. The highest zonal commitment was on capital projects in this zone, with 26.2%.

In terms of actual disbursements to projects by May 1999, 52% of all disbursement was made in respect of projects in Zones 1 (South West), 2 (South East) and 6 (South South).

Shortly before the inauguration of President Olusegun Obasanjo, Buhari submitted his resignation from the Board of the Fund. The rest of the Board of Trustees effectively became dissolved at the point of scrapping the body, in late June 1999.


http://leadership.ng/news/411492/ssouth-got-lions-share-of-ptf-projects-under-buhari

Sai baba

am yet to see a PTF project here in Uyo, still searching for one

anyway GEJ the mega Don till 2019

lalasticlala seun ishilove

May I request you to promote this thread to the front page. People need to know the truth. It's an eye-opener for me too.

Wow dat's good tho anyway
Click like for GMB
Click share for GEJ

wow

PassingShot:
lalasticlala seun ishilove

May I request you to promote this thread to the front page. People need to know the truth. It's an eye-opener for me too.

We all know that 99% of the things that are being said about Buhari are all a tissue of lies actively propagated by PDP and her online minions.

Sai BUHARI Joor.

[size=18pt]CHECK THESE FACTS[/size]

How Buhari Skewed PTF Projects in Favor of His Northern Zone- By Afenifere

The Abacha regime created a parallel government through the Petroleum Trust Fund (PTF) headed by Major General Muhammed Buhari. Nothing else typifies the marginalization of the Yoruba than the lopsidedness of the projects carried out by the PTF. Figures from PTF Situation Reports (Vol. 2 Dec. 98) show that the PTF carried on as if there was no South West.

Of all the roads rehabilitated by the PTF, only 1984.5 kilometres of roads representing 10.84 per cent were carried out in the South West; from where the bulk of the PTF revenue came since the zone consumes over 60 per cent of refined petroleum products. All the Southern States had 4,440.43 kms or 24 per cent of road rehabilitation as against 13,870.47 kms or 76 per cent in the Northern States zone three comprising the North-West States of Jigawa, Kaduna, Kano, Katsina, Kebbi, Sokoto and Zamfara had a lion share of 5020 kms or 27.42 per cent because the Fund’s Chairman, Buhari and the military dictator Sani Abacha were from there; zone four comprising the North-East States of Adamawa, Bauchi, Borno, Gombe, Taraba and Yobe picked 23.48 per cent. This is the zone where Salihijo Ahmed, the late Chief Executive of Afri-Project Consortium APC, the sole consultants that supervised all PTF projects came from.

Figures in other sectors were more scandalous. For instance, under the National Health and Educational Rehabilitation Programme (NHERP), the South West had zero allocation in the tertiary programme, while the North picked 100 per cent. In the vocational programme, the South West had zero while the North had 97 per cent. In the primary area, the South-West had zero against 88 per cent for the North and in the secondary area, it was zero for the South-West and 86 per cent for the North.

The health sector is similar. For the Teaching Hospitals, the South-West had zero while the North had 62 per cent. For the Specialist Hospitals, it was zero for the South-West and 71 per cent for the North; in General/State Hospitals the Yoruba had nothing while the North had 56 per cent for health clinics, it was zero for the South-West against the North’s 100 per cent.

Under the food supply summary, the Southwest had 7.26 per cent compared with 83 per cent for the North, Buhari’s zone having 60.54 per cent to itself.

Demographic Manipulation: The Northern wielders of power have skewed all demographic indicators to marginalise the Yoruba and confer undue advantage on the North. For instance, while the old Kano and Lagos used to have the same number of divisions, various demographic manipulations over the years have brought about absurd disparities between the two states. While the old Lagos remains a state with 20 local governments, the old Kano has become two states-Kano and Jigawa with 77 local governments. These are some of the indices used for revenue sharing.

90% of Nigeria's wealth comes from the SS and this dictator working with another dictator stole our resources to better his people only to twist the facts 20yrs later, who will buy this bullcrap?
We in the SS are waiting for Leadership newspaper to point to us where these projects are located.
Meanwhile we want fresh air in the SS, Buhari and leadership newspaper can kiss my a.s.ss.
[size=18pt]
Leadership newspaper is owned by APC presidential aspirant Sam Ndah-Isaiah[/size]

www.nairaland.com/attachments/2117692_freshair_gif8314145a2e711a494c07cd0f47fd29d5

Superstory won't accept this wack script from the opposition party.

Show us evidence.

Lies for the pit of hell. Am yet to come across any PTF projects in Port harcourt or Warri. Even if they exist ( I haven't seen ), they are not noticeable at all. Compare to what we see up north.
The Sai buhari has been raping Niger delta resources from ages past.

Come to think of it, Even the yorubas hail this man as "sai buhari". Is there no appropriate yoruba word to hail him? If this isn't Slave mentality .

interesting to know...meanwhile,


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Lie.
matured one for that matter

The truth is finally out with facts and figures unlike the beer parlour gists saTANoids mouth around.
Sai Buhari Sai Osinbajo.
I polished my PVC this morning.

I am for peoples General , what about you ?
#ihavedecided

hw does dat stops Gej 4rm rulin second tenure

GMB is a very good man. his track records is there for all to see


no wonder PDP is having sleepless nights because they know people love the General so much and he'll be the next Presido



Baba4life!!

Click like if you smell lies.

Whatever goes up most come down @ pdp .. My own believe is that if buhari is destined to become president again, he surely will..no matter how much intimidation he gets from jonathan.. Power belongs to God.. Instead of all dis politicians to live life like its gonna end tomorrow, dey are busy doiing asive they are gonna live forever ..

Feels good knowing that he did well...

For things like this to continue


We must March on with Buhari/Osinbajo



Make your PVC proud





































Vote for Change u can see#



Buhari won't just give us fresh air but good life


#APChange

Owliver:
Click like if you smell lies.

click like if you think I just want likes

This is getting interesting









#Ihavedecided
I can't be fool again

GMB Nigeria next president.

this is a real report APC gives concrete information...

ok

The type of dumb, cooked-up figures that can only sell among the APC and their pack of illiterate followers who have long concessioned their brains to their overlords. Similar to the lies about their Buhari building 4 refineries until it was exposed that the man did absolutely nothing of the sort.

If the hack journalist who concocted this fable wishes to be taken seriously, he should kindly list the so-called PTF projects built by Buhari in those regions.
I remember a Nairalander named Collynzo9 once created a thread asking Buhari's supporters to list the structures built by Buhari in the East, and none of his internet zombies (Obiagelli, Berem, Egift, OrlandoOwoh or Rawani) could make a single coherent post that day. The said thread is still on Nairaland for all to see.
You creatures need to wake up from your slumber and realize that your lies will fetch you nothing. We are in the information age now, and we see you for the cheap liars that you are.

And so what?

Kk

LEADERSHIP?? U mean the newspaper owned by Nda-Isaiah?? APC continue your lies and useless propaganda. We are not DECIEVED!!! Later, you come and accuse PDP of using AIT for propaganda. Yimu