Vice President, Yemi Osinbajo, SAN, has stated that prudent management of resources by the Buhari administration has helped it achieve far more in terms of infrastructure and development than previous administrations.
Prof. Osinbajo stated this at a public lecture organized by the Council of Chief of Imams, Ikeja Division in Lagos on Saturday.
The Vice President also stated the determination of the administration in its fight against corruption, noting that it was a major challenge which had slowed the country’s development in the past.
He added that the Buhari administration has spent over N2.7 trillion on capital expenditure in the last three years, pointing out that it is the highest amount ever spent on capital project in the history of Nigeria.
The Vice President listed some of the infrastructure projects to include, among others, the Lagos-Kano Standard Gauge Railway, the Lagos-Ibadan Dual Carriageway and the Second Niger Bridge.
According to Prof. Osinbajo, the Buhari administration has been able to achieve this through prudent management of resources, despite earning 60% revenue less than the previous administration when the price of crude oil was high.
“Despite earning 60% less revenue, we are spending more on infrastructure in this government, from roads, rails to power,” he said.
The Vice President also said that components of the administration’s Social Investment Programme have impacted the lives of millions of Nigerians.
He adds, “If the N60 billion that was part of the sum looted from the nation’s treasury in the past, was given out to these traders, 6m petty traders would have been beneficiaries.”
Prof. Osinbajo said at the inception of the administration, over 23 states in Nigeria owed salaries of between three to 12 months, which necessitated the Federal Government giving the states bailout funds to pay their workers.
He said the Buhari administration was also confronted with the drop in Nigeria’s crude oil production of 2.2 million bpd, coming down to around 1 million bpd as a result of the restiveness in the Niger Delta Region.
Speaking further, the Vice President stated that the struggle in Nigeria is that between good and evil, and not between religions.
“I want to say to you that it’s a battle between good and evil. What we are fighting for in this country is a battle between good and evil, it is not a battle between religions. Corruption is our major challenge. The people that steal Nigeria’s resources are both Christians and Muslims,” he said.