FORMER Vice President Atiku Abubakar has condemned the President Muhammadu Buhari administration for donating the sum of half a million US dollars to Guinea Bissau at a time the administration had borrowed N13 trillion in its three and half years in office.
The presidential candidate of the main opposition, Peoples Democratic Party (PDP) picked issues over what he saw as financial profligacy which he said has destroyed the nation’s economy.
Claiming moral authority as a former Vice President, he said this government gesture was coming at a time he had warned the administration to be more prudent with national resources.
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A statement which originated from his campaign organisation in Abuja on Sunday said: “Recently, we had cause to counsel the Buhari administration to be more prudent with national resources after the government declared its intention to sell national assets built by previous administrations to fund their business as usual 2019 budget.
“Apparently, rather than give heed to our pro bono patriotic advise, the Buhari administration is persisting in the financial profligacy that has seen them destroy a once thriving economy.
“In the latest instance, the Buhari government has announced that it is making a $500,000 donation to Guinea Bissau, along with other material donations.
“Our response is to ask why a nation that has been officially named as the world headquarters for extreme poverty, will donate her resources to others instead of using them to solve pressing domestic problems?
“This is the same government that is so cash-strapped that it has so far borrowed ₦13 trillion in 3 years putting our economy in even greater peril. How prudent is it to go about taking loans from whomsoever cares to lend you money and then turn around to give out those same monies even when your own people are suffering the worst forms of poverty they have ever endured?
“We call on the Buhari administration to cut their coat according to their cloth. These huge loans they are collecting, only to squander it, will be repaid by future generations and limit the nation’s ability to invest in projects that will Get Nigeria Working Again.”
Atiku advised Buhari on what money should be used for saying: “There are over a million Internally Displaced Persons in Nigeria. If you cannot adequately support your own people in dire need, what is the wisdom in crossing borders to support others?
“We have the moral authority to question this administration’s profligacy and imprudence, because Atiku Abubakar, presidential candidate of the PDP was part of an administration that paid off Nigeria’s entire foreign debt.
“We are therefore concerned to see this government piling on debt and then squandering it away without any consideration for the needs of her own people.”
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HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF THE WORLD.
A. NigerDock is the largest ship fabrication yard in West Africa sub region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how “Mr Job Creator” ignored the Transport Ministry then to Open bid for NigerDock.
Atiku’s preferred bidder, ‘Global Energy’ that agreed to increase NigerDock’s workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.
B. Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.
C. NIGERIA RAILWAY
Did Atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.
D. FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin’s Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for that blunder.
The DLA, dated October 10, 2006, granted Babalakin Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.
The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.
Finally, lets compare OBJ & Atiku’s first 3yrs in power to the first 3yrs of PMB that hasn’t retrenched one civil servant, but has bailed out states on salaries. Lets not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.
In 2002, first 3yrs of the Obasanjo/Atiku, manufacturing accounts for 6% of GDP. Nigeria’s GDP fell by half for d first time in 20yrs. This was d year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!
In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of the 128Million Nigerians have access to clean water.
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FACTUAL REPORT ON HOW ATIKU SUPERVISED THE SALES OF OVER 145 FG INVESTMENTS AS A VICE PRESIDENT !!!
Please any or all ATIKU supporters or his campaign structure are free to deny these submission with facts not sentiments.
“As Head of National Council on Privatization (NCP), from 1999, atiku dug Nigeria’s economic grave for today’s extreme poverty and unemployment.
There were over 600 federal assets when Atiku’s NCP started selling.
Atiku should tell us who bought what and what was left for the country when he left power.
To who did Atiku sell the following companies:
Nafcon
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2
In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn ?
To those selling Atiku, let me remind you of Senate public hearing of August, 2011 which succinctly captures how Atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG’s assets through a brazen daylight robbery privatization that he supervised.
This is nothing sensational. Its real life facts and all the Senators are alive today.
The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.
Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.
ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.
When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company’s Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment.”
FG’s Five percent share in Eleme Petrochemical worth USD27 million was never presented at the National Council on Privatization before t’was sold to Indorama.
Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.
The Atikulate Business Theory: Sell to yourself Government assets that leaves millions in penury, to set up personal businesses that provides for a few. Atiku didn’t employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government
A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.
He didnt revitalize them.
He didnt resuscitate them.
He sold them to whomever agrees to his personal terms
Unproductive ,irrelevant and failed foreign policy
while we are askin 30k for here, thunder fire our present goverment.
Is it $500,000 or $5m. Please clarify. I’m waiting.
You are giving out such huge amount of money because of election in another country when you can not pay your workers 30,000 minimum wage.
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But ur country not eat 2square meal a day
I see
Fire u too bcos of political difference
But travelling to Dubai with over 400 looters are not wasteful right????? You don’t know what to say plz
Don’t worry Oga! If the purse runs dry PMB will borrow more. China is ready to lend is money!
Kenny Odun Abey when buhari travelled to UK and spent tax payers money for 3 months over his health which is still unaccounted for till date what did you say..or when pmb travelled with his entourage to america to visit Obama in america which ended up benefiting Nigeria nothing what did you say.. Is atiku currently occupying any govt position ?
Godfrey Danladi thunder fire ur household
Even at a time like this!
Kenny Odun Abey personal money not tax payers money. The barren 150 cows, have they started reproducing?
Abdullahi Adamu Aboki fire you generation oloriburuku
Kunle D Blow not Jonathan again now Atiku, oloriburuku.
Carrying over 400 people to Dubai for a political meeting was not wasteful ?
Frankdavid Onovo united state with hug debt gave money out to support government of lesser economy
He has enough to dash another country yet keeps borrowing.
Chibueze King smile let him organise seminar for the civil servant…. The topic will be “how to makes billions with looting” Atiku as a case study then we will know how truth and legit the money is…..
Holainka Solomony Rotimi U be were (mad man) obo (monkey) omo ale( vagabour) ttttterrooristttt
Personal money that he stole from the public
Atiku didn’t spend government money. Nigeria has her problems to solve rather, she’s giving out money.
Donating $5m and refused paying #30k minimum wage to workers.
Everything is now wrong just because Atiku must rule. Don’t foreign countries give Nigeria aids and grants too?
Haba!
Because he will prefer it to be looted, than be donated
Donating millions of dollars to Guinea Bisau while Nigerians are lavishing in abject poverty, and also planning to sell Ajaokuta steel to fund budget this is high level of mediocrity
So much problem on Naija what r u doing in Guinea Bissau?
Moronkeji Adegbile Please ask him, they think all Nigerians are dumb head like them
He should have used the money to bribe the Afenifere group and the mediators between you and Obj.
when buhari travelled to UK and spent tax payers money for 3 months over his health which is still unaccounted for till date what did you say..or when pmb travelled with his entourage to america to visit Obama in america which ended up benefiting Nigeria nothing what did you say.. Is atiku currently occupying any govt position ?
Kenny Odun Abey I will better support an intelligent “accused corrupt” man than supporting someone who sold to us integrity while we reap deception, fraud, larger scale stealing and division. One have to be alive before talking of corruption. Let me ask you , why was shiite muslims killed on larger number while no Sunni fulani herdsmen that have killed over 2000 innocent Nigerians have been arrested?
R we tru wit payin our debts? Who encouraged baba to donate? as if we dont hav issues here dat d moni would solve! Charity begins @ home! plenty people full hospital ! set up a commitee to pay hospital bills for ur citizens! infact, use it to fix up hospitals here! na wah ooo. Deree is God oh
But why is Buhari borrowing money to give charities while we are owing debt?
Sampson Obinna Jeffrey There’s no position for him in government till 2023.
Omotoyinbo Olusoji dat was is personal money, Buhari donating money to Oder nations as wat? Dat Nigeria is better off dan dem? Just look at ur comparison, apply sense wen talking pls.
I used to think this Atiku understand governance before but with this comment it’s very clear and glaring he knows nothing about international relations. Tell us about ur foreign policy and stop looking for cheap attack all the time
It’s just that you don’t know anything so I need to school u a little bit…. Ask anybody around you that’s very learned than you that whenever a sitting president of any given country is sick who is going to responsible for the treatment???? Let’s now go back to the issue of Mr Atiku do u know he was a civil servant before? Whom his parents are not rich tho that’s never a yardstick of becoming rich! But we are demanding as a Nigerian whom his going to govern to explain to us how he became rich
Moronkeji Adegbile and who are you to affirm that?
How would Buhari go and do Father Christmas to Guinea Bissau with a whopping $ 5 million Dollars while at the same time telling labour he cannot pay N30,000 minimum wage? Does Buhari have economic advisers at all? Enough of cluelessness.
The expensix and funding is his personal spending which is never a national concern so stop being myopic in your reasoning, APC appologist
We have forgotten so soon how US,British and others normally give us grants before every of our general elections.