President Muhammadu Buhari has said that he hopes God will give Nigerians the patience to tolerate his administration.
According reports, the President made this disclosure at the Presidential Villa, Abuja.
He stated: “I have said it so many times; I don’t mind saying it now to you, because some of you may not have even have the time to listen to the radio or watch television as regularly as other people do.
“From 1999 to 2014, Nigeria has never realised so many resources since our independence, never, because the average production was 2.1 million barrel per day, at an average cost of 100 dollars per barrel.
“But when we came in, it crashed to 37 dollars per barrel, and we overlooked saving and there was no saving.
“So really, we have just started working, and we hope God in his infinite mercy would give Nigerians the patience to tolerate us.”
Post-Nigeria recalls that the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, Waziri Adio, had disclosed that between 2005 and 2015, Nigeria spent more than what it saved from crude oil revenue.
The Buhari appointee, stated that the spending spree shows that the country made no savings during that period.
Citing statistics, the NEITI boss revealed that between 2005 and 2015, $201.2 billion entered into the excess crude account, while the country spent $204.7 billion.
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