Buhari Lied, Jonathan Left $30b Behind, Says Ex-Minister | Independent Newspapers Limited
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Buhari Lied, Jonathan Left $30b Behind, Says Ex-Minister

Posted: Jun 24, 2015 at 1:12 pm   /   by   /   comments (0)

A former Deputy Chairman, National Planning Commission (NPC), Dr. Abubakar Olanrewaju Sulaiman, has accused President Muhammadu Buhari of lying for claiming that he inherited an ‘empty treasury’ from the immediate past administration.

Suleiman, who was a federal minister disclosed that the former administration under the leadership of Goodluck Jonathan left behind US$30 billion.

The ex-minister strongly warned the Buhari government against accusing Jonathan of milking the nation’s treasury dry.

Suleiman was reacting to a statement credited to President during an interactive session with journalists in Abuja, where he was quoted as saying that his government met “virtually an empty treasury.”

In a statement issued in Abuja on Tuesday, Sulieman described the claim as “unscientific and unfair”, noting that the immediate past administration “left behind close to US$30 billion.”

“Government can’t tell us that there is no Excess Crude Account (ECA), Sovereign Wealth Fund (SWF) or are we saying the Federal Inland Revenue Service (FIR) and related agencies had not in the last one month been generating revenue?

“Until they are able to prove they had no receipts from these government agencies in the last one month before Nigerians can now buy into Mr. President’s claims of an empty treasury,” he said.

He recalled that under the Jonathan’s administration, Nigeria was rated the largest economy in Africa and 26th largest in the world.

He said: “Money made by government is meant to be spent, and this the immediate past administration did responsibly. Every government, even in the so-called western world, including the U.S. which today remains one of the largest debtor nations in the world, government operates on deficit.

“Is it on record that President Obama inherited US$3 trillion debt, a collapsed banking sector and mortgage industry, yet he never raised any alarm. None of these has happened in Nigeria under Jonathan.

“Under Jonathan, Nigeria became the largest Africa economy and 26th in the world amidst deadly security challenges and dwindling international prices of oil. In spite of all these, the FG never owed salary.

“Upon inception of Jonathan’s administration, it is on record that the price of oil at the global stage was over 100 dollars per barrel and at the close of the administration, it dropped to 46 dollars. Yet, there wasn’t collapse of government and federal civil servants were paid as at and when due.

“It will be misleading therefore for our respected President Muhammadu Buhari and indeed the ruling APC to claim to have met an empty treasury,” he reiterated.