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The Reporters
Politics

Buhari handles gas/oil revenue exceptionally well, NGO says

AdminBy AdminJanuary 24, 2022Updated:January 24, 2022No Comments3 Mins Read
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By Correspondent in Abuja.

Buhari Media Organization (BMO),an NGO,has lauded President Muhammadu Buhari for handling, exceptionally,
proceeds from the nation’s oil and gas resources.

In a statement by its Chairman Niyi Akinsiju and Secretary, Cassidy Madueke, BMO,which reacted to PDP’s allegation on how Buhari government handles such revenue, frowned at the level PDP was with public funds when it was in power at the centre for 16 years.

The two officers described PDP allegation of poor management of the nation’s oil and gas resources by the current administration as ‘laughable’ and “a funny claim”,stressed that revenue from such natural resources had never been efficiently managed as is being done, now, by the present administration in the country

They said:” We know this is another lame attempt by PDP governors to demonize the Buhari administration, but we are surprised that they picked an issue that is synonymous with 16 years of their party’s misrule.

“We wonder what the PDP governors were really thinking when they accepted to attack the All Progressives Congress (APC)-led administration on accountability of oil and gas revenues. 

“It is even funny that they also used the word opaque to describe the management of the country’s oil and gas resources and had harsh words for the Petroleum Industry Act (PIA).

“Now, here are governors from a party that is synonymous with misappropriation of public funds; a party which was in power at a time oil was sold at an average of $100 per barrel and a daily production in excess of 2 million barrels during which the country made trillions of dollars, yet could not start and finish a single project.

“Things were so bad that existing railway lines were overtaken by weeds, and in some cases, trees when it is common knowledge now that a cross-country railway network would cost about $40bn.

“We also have a situation where the accounts and expenditure of the Nigeria National Petroleum Corporation (NNPC) is now in the public domain, compared to the PDP era, where all sorts of official excuses were given for non-release of audit reports.”

On Insecurity in the country, the group observed that “as worrisome as the security situation in some parts of the country is, we find it sad that the opposition has continued to play politics with it.

“The President has expressed his opinion on state policing, but we also know that many of these governors have not acquitted themselves well on local security matters.

“Even with the current centralized policing, there has been numerous evidence of state governors using security agencies for political purposes, but when it comes to their constitutional duty of ensuring security and welfare of their people, they resort to blame game.

“It is also baffling that PDP governors believe that the responsibility of ‘restructuring the security architecture’ of the country rests with President Buhari,”BMO added.

Edited by Dada Ahmed.

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