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How PDP Squandered $500 Billion Oil Funds – Buhari - Politics - Nairaland

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How PDP Squandered $500 Billion Oil Funds – Buhari by DAILYNIGERIAN1(f): 8:24am On Feb 27, 2018
President Muhammadu Buhari has taken a swipe at the Opposition Peoples Democratic Party, PDP, saying that the party squandered $500 billion oil earnings in 16 years.

While speaking at the opening of the All Progressives Congress, APC, National Caucus meeting, at the new Banquet Hall of the Presidential Villa, on Monday, Mr Buhari disclosed that he took over at a time Nigeria was fast heading for collapse.



“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 amidst failure to invest or even maintain our infrastructure namely railways, roads, electricity, in spite of having earned over $500 billion from oil and gas alone, during the 16 years of PDP rule,” he said.

FULL STORY HERE; https://dailynigerian.com/pdp-squandered-500-billion-oil-funds-buhari/

3 Likes 1 Share

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by zakim(m): 8:27am On Feb 27, 2018
cheesy
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by chuksjuve(m): 8:31am On Feb 27, 2018
grin
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by benben1000: 8:32am On Feb 27, 2018
DAILYNIGERIAN1:
[s]President Muhammadu Buhari has taken a swipe at the Opposition Peoples Democratic Party, PDP, saying that the party squandered $500 billion oil earnings in 16 years.

While speaking at the opening of the All Progressives Congress, APC, National Caucus meeting, at the new Banquet Hall of the Presidential Villa, on Monday, Mr Buhari disclosed that he took over at a time Nigeria was fast heading for collapse.



“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 amidst failure to invest or even maintain our infrastructure namely railways, roads, electricity, in spite of having earned over $500 billion from oil and gas alone, during the 16 years of PDP rule,” he said.

FULL STORY HERE; https://dailynigerian.com/pdp-squandered-500-billion-oil-funds-buhari[/s]/
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by Ngokafor(f): 8:33am On Feb 27, 2018
Buhari comon shatapp your mouth biko!!..,incompetent air-head! angry

5 Likes

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by kitaatita: 8:33am On Feb 27, 2018
DAILYNIGERIAN1:
“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 amidst failure to invest or even maintain our infrastructure namely railways, roads, electricity, in spite of having earned over $500 billion from oil and gas alone, during the 16 years of PDP rule,” he said.

This is very true, Sir. But let us move beyond what was stolen. While trying to recover the loots and fight corruption, let us reduce the cost of governance. Corruption is fighting back and having the upper hand. Let us change strategy.

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by eTECTIVe(m): 8:41am On Feb 27, 2018
Oooooooohhh... Dis Ppl shld jus shut up already.. How stupid are dis Ppl? Is d party d umbrella or d Ppl in it? More than 80 percent of APC leaders and chieftains were in d PDP and in charge most part of those years... Are dey trying to say d UMBRELLA swallowed all d monies?

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Re: How PDP Squandered $500 Billion Oil Funds – Buhari by clarocuzioo(m): 8:43am On Feb 27, 2018
Please our dear Mr. President, we already know these things that's why you were voted in and Jonathan voted out.
may we humbly remind you that you won the election and you are no more campaigning. Please get to work immediately and do the things for which you were voted in, may we also remind you that we are aware of the massive looting happening under ur "saint" administration and some of the looters in PDP who ran to APC have suddenly become saints, the likes of Orji Uzor Kalu and are already running political errands for your saintly administration.
Mr. President sir, governance and government is a serious business, sometimes Nigerians wonder how you have time for all these media brouhaha when there are serious National issues begging for your attention.

2 Likes

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by achiever12: 8:56am On Feb 27, 2018
The idiotic man calling himself a President has nothing to offer other than his blame for opposition

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by aolawale025: 8:58am On Feb 27, 2018
Its clear buhari and APC would rather live in the past!

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by kpakungu001(m): 8:59am On Feb 27, 2018
So 3 years down the line...this incompetent administration is still blaming past administrations...
If the previous administration was good...nobody would have voted in this present incompetent administration.
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by ashjay001(m): 8:59am On Feb 27, 2018
clarocuzioo:
Please our dear Mr. President, we already know these things that's why you were voted in and Jonathan voted out.
may we humbly remind you that you won the election and you are no more campaigning. Please get to work immediately and do the things for which you were voted in, may we also remind you that we are aware of the massive looting happening under ur "saint" administration and some of the looters in PDP who ran to APC have suddenly become saints, the likes of Orji Uzor Kalu and are already running political errands for your saintly administration.
Mr. President sir, governance and government is a serious business, sometimes Nigerians wonder how you have time for all these media brouhaha when there are serious National issues begging for your attention.


PDP had 16yrs, before pple realised they had nothing to offer! Compare d progress in infrastructure, agriculture, tax recovery, govt spending, within d past 3yrs of apc, with that of PDP!

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by simplex2: 9:00am On Feb 27, 2018
Just shut up already!

It will be nice if you present your score cared and let us compare; the PDP we all knew had its shortcomings but for you to fail woefully in both economy, security and infrastructure is a major disappointment to some of us who voted for you. Even the fight against corruption is seriously looking like a mirage.

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by Yankee101: 9:01am On Feb 27, 2018
You collected some too
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by Nobody: 9:02am On Feb 27, 2018
PMB says PDP as though same PDP reps aren't in his carbinet cheesy cheesy cheesy cheesy cheesy cheesy

Amaechi was accused of spending part of that money in PMB's presidential campaign in 2015....according to rumours lipsrsealed lipsrsealed lipsrsealed lipsrsealed lipsrsealed
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by funlord(m): 9:04am On Feb 27, 2018
Alhaji we don hear! Before if mosquito bites you now it will also be pdp's fault....do your job

2 Likes

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by emmasege: 9:08am On Feb 27, 2018
God please forgive us of our sins and take away this evil man (Buhari) who appears to be an evidence of your anger on Nigeria.

He's proven over and over to be brain-dead. He has no capacity whatsoever to think of the present, let alone plan for the future. Hence, his continual singing of PDP's 16 years of misrule. The Dullard forgets that 80% of PDP 'looters' are now with him in APC and they used their 'loots' to pursue his 2015 electoral victory.
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by psucc(m): 9:11am On Feb 27, 2018
Here again this daft man goes. He has plunged Nigeria into N10tr debt in 30months yet nothing on ground. No road, no electricity, no hospital, no education, no employment.

#Back2Daura2019 please
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by clarocuzioo(m): 9:31am On Feb 27, 2018
ashjay001:



PDP had 16yrs, before pple realised they had nothing to offer! Compare d progress in infrastructure, agriculture, tax recovery, govt spending, within d past 3yrs of apc, with that of PDP!
Please for the sakes of our great nation Nigeria, you people termed bmc should stop fooling around.
So we should also wait for this govt. to wreck this country for 16 years before we realise they have nothing to offer. The progress made is only on the pages of newspaper because the reality on ground speaks differently. People have been turned to poverty property, about seven million people lost their jobs, companies folded up, dollar rose astronomically, petrol is scarce even with the high price, is that your definition of progress?
Which nonsense infrastructure are you talking about, go round the nation and see the terrible state of our federal roads.
The tax recovery, TSA, recovery of looted funds, cuts in govt. spending, yet we are borrowing heavily and selling bonds every now and then, to add salt to injury, the infrastructure on ground does not commiserate the funds dispatched.
Please for your sakes and for the sakes of generations yet unborn, stop defending the indefensible.

1 Like 1 Share

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by osscarr(m): 9:54am On Feb 27, 2018
Same sermon again
Buhari u re a very big fool
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by ashjay001(m): 10:53am On Feb 27, 2018
clarocuzioo:

Please for the sakes of our great nation Nigeria, you people termed bmc should stop fooling around.
So we should also wait for this govt. to wreck this country for 16 years before we realise they have nothing to offer. The progress made is only on the pages of newspaper because the reality on ground speaks differently. People have been turned to poverty property, about seven million people lost their jobs, companies folded up, dollar rose astronomically, petrol is scarce even with the high price, is that your definition of progress?
Which nonsense infrastructure are you talking about, go round the nation and see the terrible state of our federal roads.
The tax recovery, TSA, recovery of looted funds, cuts in govt. spending, yet we are borrowing heavily and selling bonds every now and then, to add salt to injury, the infrastructure on ground does not commiserate the funds dispatched.
Please for your sakes and for the sakes of generations yet unborn, stop defending the indefensible.


Wtf are u saying? I can't support govt in peace again, I av to be bmc

How heavily are we borrowing? U expect infrastructures, to be developed overnite? After several years of waste? Can u, in good conscience, deny d success of d diversification of d economy? Can u truthfully, describe how d buffoon n his coordinating minister, planned to cushion d effects of d oil price crash successfully?

In d time of plenty, our reserves was falling! We were still borrowing, not to build infrastructures, but to pay salaries!


Do u, as an adult enlightened male, understand what is meant by growing pains?
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by Sirjamo: 10:55am On Feb 27, 2018
kitaatita:


This is very true, Sir. But let us move beyond what was stolen. While trying to recover the loots and fight corruption, let us reduce the cost of governance. Corruption is fighting back and having the upper hand. Let us change strategy.
You can work and chew gum at the same time
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by FarahAideed: 11:02am On Feb 27, 2018
Says the incoherent slurry speeched character who has wasted over 12 trillion Naira in less than 3 years with nothing to show for it ..At least the PDP revieved the Nigerian Middle class that you incompetence in 1984 made extinct for almost 20 years and you have today again eroded the middle class with the same incompetence

1 Like

Re: How PDP Squandered $500 Billion Oil Funds – Buhari by sorry1(m): 11:14am On Feb 27, 2018
Another blame game.

Papa Buhari what is the way forward?

We also know that abacha stole alot from Nigeria but the question is what is the way forward!

Africa is a rich continent with poor inhabitants, we know but what's the way forward.

Buhari is a confused old man with no solution left in him
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by anibirelawal(m): 12:00pm On Feb 27, 2018
I Knew some pigs will call it a blame game.

Now lets look at it in a neutral perspective. to be candid, our past government ruined this country. imagine that huge amount of money Squandered without anything to show of it for good 16 years. now tell me how do you expect a good building with bad foundation?
Fact is PDP was a full time failure.

For 16 years, no stanby electricity, no standard road and rail system, no social welfare, nothing & nothing to show.
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by Max24: 12:24pm On Feb 27, 2018
And how many of them has been jailed ?
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by clarocuzioo(m): 2:06pm On Feb 27, 2018
ashjay001:



Wtf are u saying? I can't support govt in peace again, I av to be bmc

How heavily are we borrowing? U expect infrastructures, to be developed overnite? After several years of waste? Can u, in good conscience, deny d success of d diversification of d economy? Can u truthfully, describe how d buffoon n his coordinating minister, planned to cushion d effects of d oil price crash successfully?

In d time of plenty, our reserves was falling! We were still borrowing, not to build infrastructures, but to pay salaries!


Do u, as an adult enlightened male,

http://punchng.com/fg-states-borrow-n7-51tn-under-buhari/amp/
Infrastructures will not grow overnite but we have to see them happen progressively, it's three years since the invention of this monumental failure of a government, even some people close to Mr. President have admitted his abysmal failure in governance, so I wonder why people keep defending him.
Which economy is being diversified when there is massive job loss, do you diversify economy when businesses are folding up and people loosing their jobs?

The reserve is rising and we are borrowing, what's the point of borrowing even to pay salaries when you have excess, what kind of economics is that?
Re: How PDP Squandered $500 Billion Oil Funds – Buhari by AAlozie(m): 3:00pm On Feb 27, 2018
How much did you and your cronies steal in 3 years?

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