President Muhammadu Buhari on Tuesday threw a jibe at former President Olusegun Obasanjo for spending $16bn on power projects during his tenure, without corresponding power supply to Nigerians. Although he did not mention any name, Buhari said “a former Nigerian leader” was bragging at a time that his administration spent the amount on power sector, yet there is nothing to show for the expenditure.
Buhari spoke at the Presidential Villa, Abuja, while receiving members of the Buhari Support Organisation led by the Comptroller-General of the Nigerian Customs Service, Hameed Ali. The House of Representatives had, in 2008, described the $16bn spent on power projects by the Obasanjo administration as “a colossal waste.”
The Socio-Economic Rights and Accountability Project had also, in 2016, called for an investigation into the expenditure. On Tuesday, Buhari insisted that past administrations failed to invest in infrastructure in the country. He gave an indication that no roads were repaired in the country after his days at the Petroleum Trust Fund.