APC - Party says Jonathan, Oil price cause of Buhari’s challenges

The All Progressives Congress (APC), has blamed the past administration of Goodluck Jonathan, and the drop in Crude oil prices for the current economic challenges Nigeria is facing.

The APC chairman, John Odigie-Oyegun said this at the first National Executive Committee (NEC) meeting of the party.


President Buhari also blamed former President Jonathan's administration for not planning for the rainy day.

Vanguard reports that Oyegun said the “challenges  facing the administration were inherited from the preceding administration and the collapse of the price of oil in the international market.”

He also tagged Rivers state as the most deadly state in Nigeria, due to the violence that reportedly marred the rerun elections that held on Saturday, March 19, 2016.

Buhari disclosed that all hope was not lost regarding Nigeria’s economy, as his government has succeeded in raking in N3trn from the Treasury Single Account (TSA) policy.

He said “The Central Bank Governor, will tell you that in the TSA, we have more than N3 trillion. Where would this money have been if TSA was not in vogue? I was made to understand that vouchers would have quickly been raised towards the end of the financial year and cheques made.

“Whether they are going into projects or private pockets, nobody can prove it to you. But that money is there, it is identified, it is quantified and when the budget comes back eventually, the Ministry of Finance will see how to allocate it to the rest of the country.”

The just concluded NEC meeting is the first to be held by APC since it got into power in 2015.