President Muhammadu Buhari has said the Peoples Democratic Party (PDP) still owes Nigerians explanation on how it expended the humongous resources that accrued to the country from oil sales between 1999 and 2014.
Receiving the leadership of organized labour which came to felicitate with him on his electoral victory at State House, Abuja, Thursday, the President said the current administration met a country with dilapidated infrastructure all round in 2015, and it calls to serious question what the party that was in power for 16 years did with the country’s earnings from oil, which reached a peak during the period.
According to the President, the PDP has not been able to successfully explain to Nigerians what they did with the funds during the period they led the nation “as no tangible infrastructure was built.”
President Buhari, recalling the negotiations that led to the approval of the N30,000 minimum wage, said he had to ask the minister of labour and employment, Chris Ngige, to remind the workers what his administration met on ground and what it has been able to achieve with minimal resources.
“During your negotiation with the minister of labour and when he briefed us in council on N30,000 minimum wage, I gave an analogy of a mad woman, who went to fetch firewood but then she realised it was too heavy for her to carry, instead of reducing it, she added more,” he said.
According to the President, “we are struggling to survive as a nation. You (workers) knew what this country was earning between 2009 and 2015, you knew the state of infrastructure when we came in. God gave them (PDP) 16 years of unprecedented earnings. Multiply 2.1 million (barrels) by $100 by 16 years. I don’t think the PDP has been able to successfully explain to Nigerians what they did with that money.”