President Muhammadu Buhari has said Niger Delta militants and the activities of the Boko Haram insurgents undermined its administration from meeting expectations of Nigerians.
President Buhari who is seeking a fresh mandate in next Saturday presidential election made the revelation on Wednesday at the All Progressives rally for the Federal Capital Territory held at Eagles Square, Abuja.
He noted that at the inception of his administration the price of crude oil fell to an all time low which reduced the earnings to the Federation Account. He expressed regret that militants in the Niger Delta instigated by certain forces worsened the state of the economy by disrupting crude oil productions.
He said: “When we came, the price of crude from over $100 average, went down to $37 and $38 and then the militants were unleashed on this administration but we have all now overcome those difficulties.
“I want to remind everybody where the country was before we came in in May 2015 where we are now and what we have been able to do with the resources available to us.
“You residents of Abuja know a lot about our three fundamental campaign aspirations security, economy and fighting corruption. In security, the people of the northeast and the people of Abuja can know much better. Boko Haram were holding more than 17 local governments in the northeast when we came, they are not holding any local government now.
“And then, we had the problem of herders and stagnant farmers in Benue state, which we have looked after it. The problem of people who are just looking for trouble and they find something from you, especially in Zamfara state. Those two are being looked after by the security agencies.”
President Buhari further declared that his administration was committed to reviving the economy and stimulate growth by putting decaying social infrastructures in good shape. He also restated his administration resolve to unearth what the Chief Olusegun Obasanjo did with fund earmarked to restore stability of power supply during his tenure.
“On the economy, we are very lucky, but unfortunately, Nigeria has been underestimated. We had in agriculture in the last three years since we came. What the government did was to get partners that are available at half the price it used to be and thank God we hardly import rice now, more than 90 per cent of rice import has stopped and the money we realized, we are ploughing it back to infrastructure. “You know the condition of our roads, you know the condition of the railway, it was virtually killed and you know there was no power.
“The previous government admitted without anybody asking them that they spent $16 billion on power, you know more than I do, where is the power, where is the money? Stolen! My point will come, when I talk about bribery and corruption which is the third undertaking we made, those people who said they spent $16 billion on power eventually they will account for it.
“We are under a system now those who have been given responsibilities in the three tiers of government, the centre and the state government and if they abuse it we will ask the security agencies to investigate and prosecute them. “We have already done so in a number of cases, you know it, they came and bought properties here in Abuja, they invested outside the country, we are appealing to the countries, Europe and America to help us recover the looted funds and property which we are putting back to build infrastructure with the resources available to us. “We were doing that militants were unleashed on us but we have now overcome those difficulties and now building infrastructure. If you give us the next four years, I assure you, you will not regret it.”Read More