PDP earned $393bn in 4 years, we earned $94bn in 3 years, We have performed far better - Osinbajo

VP Osinbajo has said the APC-led administration has outperformed the PDP-led government just in three years


He added that the feat was achieved with less funds, stating that the current government has earned only $94 billion from oil sales

The VP said even though the PDP made $393 billion in oil sales, it made less impact compared to what APC has achieved Vice President Yemi Osinbajo has pegged the total earning which accrued to the Nigerian government from oil sales in the past three years at $94 billion.

He, however, stated that in the four years preceding the All Progressive Congress (APC)-led administration, the government – then led by the Peoples Democratic Party (PDP) – earned about $393 billion in oil sales but made less impact on the livelihood of ordinary Nigerians.

According to Daily Independent, Osinbajo made this revelation during a town hall meeting in Bariga/Somolu LCDA in Lagos state, on Tuesday, August 21, as part of festivities marking the Eid-el-Kabir with Lagosians.

He noted that one striking difference between both administrations was that while President Muhammadu Buhari focused on bettering the lot of low-level income earners, the PDP took more interest in aiding middle-level players who could afford to set up industries and run manufacturing plants.

He said: “In the past four years of the previous administration, over $393 billion was earned in oil proceeds alone. In the past three years, we have earned $94 billion. Look at the difference. “And the reasons are very straightforward.

The price of oil was about half of what it used to be. But with the same $94 billion, we have been able to do far more.” The vice president said upon the inception of the Buhari administration, he made efforts to clear the backlog of salaries, using bailout funds, adding that the gesture was not borne out of pity but the welfare of workers who contributed to the economy.

According to him, the government had not relented in taking Nigerians out of poverty which accounted for its social investment programmes. The vice president, who addressed a gathering comprising APC chieftains in the state, youth groups, state government officials and the LCDA chairmen of Somolu and Bariga, noted that the administration’s National Social Investment Programmes (N-SIP) were geared towards improving the welfare of ordinary Nigerians. “The president’s focus has always been on the common man.

So, when we came, we decided on a few things to tackle youth unemployment. First, the N-Power programme to engage as many young people who are graduates as possible. “We started with 200,000, and just this month, we have employed another 300,000.

So, in our N-Power programme, we have 500,000 young graduates who are employed in the programme. Now every local government (area) in Nigeria has N-Power graduate,” he said. While reeling out some projects embarked on by the ruling party, he stated that the Buhari administration had been able to embark on the completion of more infrastructural projects and achieve more with less funds because of President’s Buhari’s honesty and the seriousness of the administration to improve the country’s fortunes. “When we got into office, 24 states had not paid salaries for over six months and we ensured that these salaries were paid. “And President Buhari said then, ‘Look, I have been a salary earner all my life, I have never done any business; the only thing I have ever done is government work, either as a soldier or in government.

I cannot imagine how anybody can go to sleep as a governor without paying the salaries of his workers.’ So, we made sure that we paid salaries, and we have done so many other things. “In investments, look at the Lagos-Ibadan Expressway; for almost 12 years, with all that money, it was never done.

Now we have set about and we are doing it, we will complete it. Also, the Lagos-Kano railway project, so many of us know that we are moving towards Ibadan now. And we are going to complete it,” he added.

Meanwhile, Osinbajo assured Nigerians that the President Buhari’s administration would deliver free, fair and credible elections next year.

Osinbajo, who was represented by the special adviser on political affairs to the president, Babafemi Ojodu, at the annual Nigeria political parties’ summit organised by the political parties’ leadership and policy development centre of the National Institute for a NIPSS, said no individual interest would be allowed to override the nation’s interest. He said all activities ahead of the 2019 elections must be approached with the highest level of decorum and strict adherence to rules of the game as enshrined in the constitution, the electoral act and indeed the code of conduct which the political parties freely put in place.   
PDP earned $393bn in 4 years, we earned $94bn in 3 years, We have performed far better - Osinbajo PDP earned $393bn in 4 years, we earned $94bn in 3 years, We have performed far better - Osinbajo Reviewed by limio on August 23, 2018 Rating: 5

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