Vice President Yemi Osinbajo on Tuesday said the decision to increase the price of petrol from N86 per litre to N145 per litre was a tough one for President Muhammadu Buhari.
Osinbajo spoke at the Sheraton Hotels and Towers, Abuja, during the public presentation of a book “Anatomy of Corruption in Nigeria, Issues, Challenges and Solution”, written by Alhaji Yusuf Alli (SAN).
He told the gathering that several things that ought to have been done to address the sufferings and pains of Nigerians by the administration of President Buhari could not be done because of massive stealing and the depletion of Nigeria’s external reserves.
He said, “I want to just quickly say that corruption as we all know is not just a social evil, it is an existential threat to our country. There is no doubt at all that unlike in other countries, people say there is corruption everywhere which is true, but I think there is one distinguishing feature for Nigeria and for many other country, it is that it is a threat that directly affects the lives and livelihood of everyone.
“It is not just an evil, it is not just an immorality, it is existential because it could truly destroy lives and it has destroyed many lives and has continued to destroy the Nigerian economy.
“And I think that the reasons are very obvious if you just take a clear example. All through the period when Nigeria was earning huge sums of money as proceeds from oil sales for almost five years, the external reserves of Nigeria remains much the same.
“It did not increase at all despite the high earning, now we know also that we are investigating cases which showed that over $15 billion was lost in one type of contract alone. We are not talking of oil contract, we are talking of security-related contracts, $15 billion. We have not talked at all of oil contracts in several billions.” Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
Don't u get tired of excuses. It's not compulsory to be in govt, if u re clueless pls resign and go
ReplyDeleteSai baba
DeleteAs usual from SS the zombie Buharimaniac troll!
DeleteMy pastor,pls do not allow yourself to be used in this propaganda
ReplyDeleteKiss my ass vp...
ReplyDeleteEx pastor talking.. lol.
ReplyDeletePastor have started lieing
ReplyDeleteWe need to endure for some time after all ROME was not built in a day
ReplyDelete