• Buhari inherited N1.5trn debt on road contracts, says Fashola

    Buhari inherited N1.5trn debt on road contracts, says Fashola

    It was gathered that the administration of President Muhammadu Buhari inherited road contractual liabilities worth N1.5tn, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said.

    Fashola said this in a statement in Abuja on Sunday by his Special Adviser, Communications, Mr. Hakeem Bello.

    The minister said the ministry inherited 206 roads that were not budgeted for or poorly funded, but added that it had now developed a road map consisting of identifying and prioritising heavy traffic bearing roads for […]

  • Buhari didn’t meet an empty treasury, he inherited $30 billion from Jonathan – Obasanjo

    Buhari didn’t meet an empty treasury, he inherited $30 billion from Jonathan – Obasanjo

    Former president of Nigeria, Chief Olusegun Obasanjo has faulted incumbent President Buhari for claiming he received nothing from the previous administrations.

    In an Interview with Frisky Larr, Obasanjo said, “When I assumed office in 1999, I inherited $3.7 billion in reserve, while Buhari met $30 billion, almost 10 times of what I met then, and the price of oil then was $9. When it got to $20, I was dancing.

    “I know the price is down now and with time, it will […]