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Buhari says nothing to show for 16 years of oil boom

05 April 2016, 11:05

Abuja - President Muhammadu Buhari has lamented that Nigeria has little to show for the huge resources it made from oil in the past 16 years.

He said despite the fact that oil sold above $100 per barrel for the greater part of the last 16 years, leaders of the country refused to plan for the rainy day.

According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President spoke while receiving the Nigerian-born President of the International Civil Aviation Organisation, Dr. Bernard O. Aliyu, at the Presidential Villa, Abuja.

Also read: Hoodlums kill man buying fuel at Lagos filling station

Buhari said while enduring infrastructure was built with the little resources available in the First Republic, a lot of money was made in the last 16 years with little to show for the money.

The Peoples Democratic Party has been in charge of the Federal Government in the last 16 years, until 2015 when Buhari of the All Progressives Congress ousted the former President Goodluck Jonathan of the PDP.

- News 24


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