APC to Obasanjo, Atiku: PDP govt should account for $16b power fund — Daily Times Nigeria

APC to Obasanjo, Atiku: PDP govt should account for $16b power fund


By Tunde Opalana

The ruling All Progressives Congress, APC, has again challenged former President Olusegun Obasanjo and his vice, Atiku Abubakar to account for how the $16billion power fund was expended under the Peoples Democratic Party (PDP)  administration between 1999 and 2015, Daily Times gathered.

The  Deputy National Publicity Secretary of the party, Yekini Nabena, in a statement on Sunday said Obasanjo would rather find faults in the Buhari-led APC government than to about how his administration and his party, the party, the PDP has plundered the nation.

The APC reaction might not be unconnected with the recent castigation of Buhari for deregulating the petroleum sector by Obasanjo.

The former president had in a recent interview said that under President Muhammadu Buhari, the country is fast drifting to a failed state due to  ‘mismanagement of diversity and socio-economic development of Nigeria.

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According to the APC, both Obasanjo and Atiku ate  ‘political actors that midwifed and institutionalised the national rot, corruption, impunity and eroding of our value systems,’ and as such cannot be the same characters that should chart the way forward for the country”.

The statement read, “these political actors probably only listen to their own voices because Nigerians have long stopped taking them seriously as they simply lack the antecedents and moral credentials to guide Nigeria and Nigerians to the path of prosperity and progress.

“Instead of the “do or die” lingo Obasanjo and the PDP introduced to our electioneering, votes are beginning to count as our elections improve steadily. Their abandoned projects which constituted drainpipes on national resources are being completed by this administration.

“The brazen culture of impunity and corruption which they institutionalised is being replaced by strong and accountable systems. The culture of roundtripping and the rested subsidy regime in the petroleum sector has been replaced by a deregulated and accountable petroleum pricing template. Instead of plotting how to sell off national assets, particularly the NNPC to friends, this administration is reforming public sector operations to ensure optimised service delivery.

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“We are gradually eating what we grow. Our national emergency health response has earned global accolades and recognition as displayed by our COVID-19 response. Our defence capacity to respond and contain emerging security challenges is now tested and proven. How did Nigeria achieve this? A strong, people-centered, and focussed leadership which the President Muhammadu Buhari-led APC administration provides.

“Genuine patriots, reputable groups, and organizations who are making honest contributions on the deregulation of electricity and petrol prices already see the decision as inevitable and the way to go.

“As it stands, Nigeria will save as much as one trillion naira ($2.6 billion) following the deregulation of the petroleum sector, the Petroleum Minister of State Timipre Sylva has stated. “Nigerians trust that the freed-up cash will be accounted for and be judiciously invested to develop other critical areas such as infrastructure, health care, education among others.”

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