Osinbajo knocks IBB, Obasanjo, Jonathan, others for wasting $982.8 Bn oil revenues


Vice-President Yemi Osinbajo said he wondered how past Nigerian leaders, including a military dictator, Ibrahim Babangida; former President Olusegun Obasanjo and former President Goodluck Jonathan, spent the oil revenues that accrued to the country during their administrations.

According to a statement on Monday by his Senior Special Assistant on Media and Publicity, Mr Laolu Akande, the Vice-President said this while answering questions from Nigerians at a town hall meeting in Minnesota, the United States of America, on Sunday. Osinbajo said Nigeria’s problems were not about geographical restructuring but about proper management of the country’s resources.

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While relying on the Organisation of Petroleum Exporting Countries’ statistics on oil revenues accruable to Nigeria under successive administrations between 1990 and 2014, the Vice-President said not much had been done in terms of infrastructure development despite the huge oil revenues realised by the country.



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