Home Nigeria FG Earned $94bn in Two Years ~ Osinbajo

FG Earned $94bn in Two Years ~ Osinbajo

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The Vice President, Prof. Yemi Osinbajo at the weekend disclosed that the federal government earned $94 billion between December 2015 and December 2017, which he claimed, had helped the administration of President Muhammadu Buhari execute some strategic infrastructure projects.

Contrarily, the vice president disclosed that the administration of former President Goodluck Jonathan earned a whopping sum of $383 billion between 2010 and 2014, noting that there was nothing to show for the huge revenue.

He reeled the figures in a statement by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande on Friday, noting that only a long period of honest and truthful leadership committed to the welfare of Nigerians could guarantee a prosperous future for the country

From 2015 to 2017, Osinbajo explained that the federal government “earned just $94billion, yet we started the Lagos-Kano railway. We are now passed Ibadan. We completed the Abuja light rail which they started and could not complete.

“It was when we came in work progressed on Lagos-Ibadan expressway. In every state, we are doing a major road. Why? It is because the President does not allow anyone to steal the money. If you have small money, you can do a lot if you are not stealing it; that is what we have shown; that with small money if you are not stealing it, you can do a lot.”

On the bane of Nigeria’s development, Osinbajo noted that the reason nothing works in our country “is that of theft of public funds. The federal government “earned $383billion between 2010 and 2014. That is the highest any government in the history of the country has earned in four years.

“But there is nothing to show for it. Where are the roads? Where is the railways? This money was just wasted or stolen. That was what happened,” he said.

Osinbajo compared the APC government with the then PDP government, claiming that after four years of earning the highest amount, you could not point to anything that the PDP government did.

The vice president said, “Mambilla Hydro project started 40 years ago and nobody touched it. Nothing was done about Aladja-Warri rail line, Lagos-Kano rail line and Port Harcourt- Maiduguri line.”

Osinbajo equally canvassed that only a long period of honest and truthful leadership committed to the welfare of Nigerians would guarantee a prosperous future for the country given the challenges that had hindered Nigeria’s development across different sectors over the years.

Source: The Breaking Times NG

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