“Nigerians know
that there were no roads or rail lines, there was no power, despite the
billions of dollars spent. Only God will judge this thing,” Mr. Buhari said.
The
president said he approached the governor of the Central Bank of Nigeria (CBN)
shortly after assuming office and he told him there was no money in federal
coffers.
Worse
still, the president said, there was no infrastructure or any developmental
achievements to point to as justification for draining substantial crude oil
earnings.
“In
those 16 years of PDP rule, Nigeria was getting 2.1 million times 100 (2.1
million barrels by $100 per barrel) every day, every week, but when we came on
board, the price fell to between $37-38 and hung around $40-$50."
“I
went to the Central Bank of Nigeria, – the governor of CBN is here – and asked
him, how far? And he said nothing was left apart from debts. I said, but this
is what the country made? And he said: Yes. He knew, and I asked him, where is
the money? All gone,” he said.
Kola
Ologbondiyan, a national spokesperson for the PDP, could not be reached
for comments Wednesday morning.
But
the president repeated these controversial talking points that oil sold at an
average of $100 a barrel for the 16-year rule of the PDP without citing any
authority for evidence.
PREMIUM
TIMES examined the claim last October and found that it was inaccurate.
The
president’s claim that he met “nothing” in a federal treasury when he
assumed office was also debunked in that article.


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