President Muhammadu Buhari on Tuesday said officials of the recent past government abandoned all financial and administrative instructions put in place in parastatals and agencies, thereby throwing the country into financial crisis.
He regretted that the impunity, lack of accountability and financial recklessness in the management of national resources which were the order of the day under the past administration have thrown the country into a situation that is worse than what happened in the Second Republic.
He promised that the days of impunity in the management of national resources are over in the country with his inauguration.
A statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, quoted the President as making the submission at a closed-door meeting he had with state governors at the Presidential Villa, Abuja.
Buhari also vowed that funds stolen by government officials who abused their offices in the recent past will be recovered and systemic leakages stopped.
While saying that the nation’s problems are great, the President said the next three months might be hard for Nigeria.
“There are financial and administrative instructions in every government parastatal and agency.
“But all these were thrown to the dogs in the past. Honestly, our problems are great, but we will do our best to surmount them.
“The next three months may be hard, but billions of dollars can be recovered, and we will do our best,” the President reportedly told the governors.
Buhari also expressed surprise that state governors had been tolerating the atrocities allegedly committed with the Excess Crude Account by the Federal Government since 2011.
He then promised to tackle the issue decisively.
The President also declared that the payment of national revenue into any account other than the Federation Account was an abuse of the constitution.
He added that what he heard was going on in many agencies and corporations, particularly the Nigerian National Petroleum Corporation was clearly illegal.
On the refund of monies spent on federal projects by state governments, Adesina said Buhari assured the governors that the Federal Government will pay, but insisted that due process must be followed.
The President also promised special assistance for the three North Eastern states badly affected by the Boko Haram insurgency.
He also said that a comprehensive statement on the economic and financial situation inherited by his administration will be made to the nation within the next four weeks.
“We will try and put the system back into the right position. What happened in the 2nd Republic has apparently happened again, and even worse, but we will restore sanity to the system,” Buhari assured the governors.
It will be recalled that Buhari’s military regime toppled the Second Republic led by former President Shehu Shagari on December 31, 1983 on allegations of corruption and gross mismanagement.
On an immediate lifeline for states that owe salaries running into many months, the President said that a committee headed by Vice President Yemi Osinbajo will look at the Excess Crude Account and see what can be shared immediately. Click to signup for FREE news updates, latest information and hottest gists everyday
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May the Almighty God see you through in Jesus Mighty Name. Amen
ReplyDeleteIt is a tough duel...a lot of toes needs to be stepped on.
ReplyDeletewe pray may the good lord grant you the strength and wisdok to take this great nation of ours to where it should be. Amin.
ReplyDeleteamen
ReplyDeleteGod bless President Buhari. God bless Nigeria.
ReplyDeleteD grace, wisdom, knowledge, understanding, strength & divine help may d good Lord give unto Mr Buhari to lead us to the promise land. Enough is enough. Empty treasury!!! I first heard dis word frn Fela"empty treasury"
ReplyDeleteplease you have my support. But your noise is becoming too much, nail one person now for ppl to know that you are serious. Kindly start from the so-called big wings in oil sector (subsidy cabals).
ReplyDeleteMay God protect ,guide and aid u to achieve your goal for Our dear Country.PMB,We appreciate you sir.
ReplyDeleteI wish the Federal Government could established a very large plantation like farms where produce are grown for the citizens to buy cheaply.All the tried and convicted embezzlers'/thieving Cabals from the last PDP administration must be given prison terms with hard labour then deployed in the farms nationwide to till the land and work, dusk to dawn producing food to feed the citizens they sadistically deprived of a better life by their irresponsible actions while in power
ReplyDeleteLmaoooo. Soo funny! Not a bad idea at all.
DeleteThis makes a whole lot of sense anonymous 8:39am Very funny but on point.
DeleteIf there be any time to pray for our president, it is now. The problem on ground demands our understanding for it is easier and faster to destroy than to build.
ReplyDeleteMay the Lord grant the him the courage, strength and wisdom to revive the nation again.
Hmmmm. God help all of us. The problem is not GMB's alone. We need to be patient and keep praying for him that God will grant him wisdom to do the right thing and surround him with well meaning Nigerians and not thieves. He needs to cut down on salary and allowances of the senate and national assembly, if they do not want let them go home after all what is their usefulness sef. Nigerian's support your president. The past administration ruined our beloved country.
ReplyDeleteNigerian money with PDP is enough to meet our national budget for a minimum of five years. Squeeze it out of them, Buhari!
ReplyDeleteMallam BH! Pls stop the TALK and start the WORK. I want to see past and present corrupt individuals start refunding their stolen billions of NGN or come and reside in our ever ready KIRI-KIRI PRISONS.
ReplyDeleteStart with OBJ, ATIKU and others that lead fromm 1999 to 2007 and then Bros JONA and his fellow CROOKS from 2010 to date. These CROOKS should refund their stolen loot or relocate them to KIRI-KIRI TOWN-PRISONS.
I hereby commend all of you, for speaking positively.
ReplyDeleteApparently this is what Mr. President demand from us (UNDERSTANDING).
The damage done to the economic system is too enormous.
From all indication there is hope for all of us.
Please we should be talking positively, believing and having faith that it is possible.
To destroy is simple, but to build is a serious task.
You must think before you leap. If you leap before thinking you 'll always get it wrong.
For these and other reason I joined you in encouraging our able presido to tread softly-softly. We shall get there.
Well said
DeleteI love this resolve by Mr President. This is what we want May God be with you as you embark on this onerous task. PDP (POWER TO THE PARTY) destroyed the economy of this nation by their corruption and criminality in their governance. It was like Abia State that was a government of deceit for these eight years.
ReplyDeleteOBJ should not be an exception in this quest, extend the search even up to Babangida era. Anything shut of that will disaster for Nigeria. It will be considered as witch hunting. Thanks...
ReplyDeleteFor the first time in this forum 15 comments without a single criticism to this new administration , haha it shows that many are beginning to wake up from their slumber even "Matoski" I think am dreaming....
ReplyDeleteBest comment ever from all of us...Let us continue to pray, watch,support this Government..may God help us
ReplyDeleteNigerians can't wait any longer, this' long overdue but we urgent action. As for unpaid workers salary, I would suggest those concerned submit for scrutiny all bills and expenditures to what went wrong, I know one is witch-hunting anyone this should be on matter of policy to clamp down agents of the Devil in our society so that good governance would and sccountabity would now be inculcated within out society to give way to progress Nigerians and Nigeria for true and honest investment home and oversees
ReplyDelete