Babangida, Obasanjo, Yar’Adua, Jonathan didn’t do enough on infrastructure – VP Osinbajo
Vice President Yemi Osinbajo says previous governments didn’t do enough in terms of infrastructural development despite the huge oil revenues realised by the country.
Osinbajo said the Buhari administration was already spending more on infrastructure than any previous government.
“Under the IBB/Abacha administrations (1990 – 1998), Nigeria realised $199.8bn,” he said while answering questions from Nigerians at a town hall meeting in Minnesota, the United States of America, on Sunday.
“Under the Obasanjo/Yar’Adua governments (1999-2009), the country got $401.1bn.
“During the Jonathan administration (2010-2014), Nigeria got $381.9bn from oil revenues.
“The question that we must all ask is that what exactly happened to resources? The question that I asked is that where is the infrastructure?
“When added together, the oil revenues that accrued to the country under IBB, Obasanjo, Yar’Adua and Jonathan amounted to $982.8bn.
“One of the critical things that we must bear in mind and see is that this government, despite earning $94bn, up until 2017, we are spending more on infrastructure and capital than any previous government. So, we are spending N1.5trn on capital. That is the highest we have spent since 1990.”
