Amaechi: Jonathan Squandered $65bn left by Obasanjo.
Minister of Transportation, Rotimi Amaechi, alleged former President Goodluck Jonathan, squandered $65 billion in the excess crude account left by former President Olusegun Obasanjo.
Amaechi told NAN in Lagos, Obasanjo left $65 billion in the excess crude account but it was mismanaged.
He said: “When Obasanjo was leaving, he left about $65 billion in the excess crude account, but this money was frittered away and we wonder where the money is. As at then, the price of crude oil during President Jonathan’s administration hovered around $140. With this, they did not leave anything for the incoming government.
“With that kind of money, we should be thinking of connecting Nigeria through rail system. The rail from Ibadan to Kano would have been completed. Also the rail gauge between Port Harcourt to Maiduguri and Lagos to Calabar, but all the excess crude money was frittered away. We need to ask questions.”
“I moved from PDP to APC because I was tired of what was happening in the party. I had the option to stay because of my position as the chairman of the governors then. I could have used my position to fight them (PDP) and get what I wanted because I believed Nigeria was not going in the right direction by then.
“My attention and belief shifted to Buhari who was the viable alternative. I believe in the change mantra because it was the only way to improve on what is on ground. He has not disappointed because the economy is now back on track and is growing. This is evident in the current prices of food items because it is getting lower,’’ he said.
“With the change going on, the price will further crash because before this government came in, prices were soaring because we were importing food items, things we can grow here.
“Now the policy of government which banned the importation of rice is working; the price is now about N16,000, but before now, we were importing about N3 billion worth of rice. Before now too, we were importing another N3 billion worth of poultry products, we were importing tomatoes but with the ban, we are now concentrating on our local production.
“Many states in the northern part of the country are now growing rice in large quantities though by right, the south-south geo-political zone should be doing that because they are the ones in the swampy area.”