President Muhammadu Buhari has vowed to
investigate the $16 billion spent by the Olusegun
Obasanjo and the Goodluck Jonathan
administrations in the power over the years.
Despite the huge investment in the sector by the
previous administrations, Nigerians are still
grappling with poor power supply and most
companies have closed down or relocated to
other countries, due to non availability of
electricity for production.
President Buhari made this known in an interview
in Katsina monitored on radio and television.
While reiterating his administration’s desire to
improve power supply in the country, President
Buhari disclosed that he would look into the
investment in the sector by previous
administrations.
“It is a must for us to look into the investment in
the power sector because nothing will work
without adequate power supply in the country.
The problem of the power sector is like that of the
petroleum industry. We will look at how they
spent the money because there is no power and
nothing to show for the $16b investment by the
previous administrations,” he said.
He assured Nigerians that he would do his best to
turn around the fortunes of the country through
the effective utilisation of available resources.
On the 2016 budget, the president said he would
do his best to implement it.
“We will do our best to fix the country. When the
Minister of Budget and National Planning, Udoma
Udo Udoma, asked me to sign the budget weeks
ago and there were issues, I told him I won’t. But
when he insisted, I told him if I assented to it and
anything happened, he would be held
responsible. He accepted and left. But when he
had a second thought, he ran back to me and
agreed with me that we shouldn’t sign it. It was
at that point I heard of padding. The committees
of the National Assembly removed our projects
and replaced it with theirs.
“That’s was why we had three weeks to look at it.
When he returned to me again, Udoma told me
that most of the projects they (National
Assembly) included had been removed but that
we can go with the remaining ones since I must
approve money before funds would be released
for the execution of projects, “ he said.
On the recovery of stolen funds, he said all the
stolen funds would be recovered and the
perpetrators would not be spared.
He said adequate attention would be given to the
agricultural sector in a renewed effort to diversify
the country’s economy.
“We will work hard to restore the glory of the
agricultural sector to ensure food security in the
country.”
On the activities of the Niger Delta militants, he
said they would be dealt with at the appropriate
time. Quoting a slogan familiar with former Head
of State, retired General Yakubu Gowon after the
civil war, Buhari said, “To keep Nigeria one is a
task that must be won.”

Keneking:
Sai Buhari -----Nigeria's finest leader

DaBullIT:
Wailers now that OBJ was mentioned is this still witch hunt??

Mikehell:
One thing i love about PMB is that he sabi make mouth


I double dare him 1000000x to probe OBJ, then i can take him serious...... you better stick to those pawns u can probe rather than make mouth

MasterofNL:


Forget the rubbish article, Buhari cannot probe Obasanjo.

7lives:


If e probe am wetin go happen, a man that refuse to succumb to the senate who had powers to impeach him cannot be afraid of anybody.

DaBullIT:
Wailers now that OBJ was mentioned is this still witch hunt??