Jonathan, Do You Know What $20billion Can Do? – Buhari

The APC candidate, who on Monday addressed members of the Organised Private Sector, OPS, at the State House, Marina, Lagos, southwest Nigeria, said the nation’s elite should take the blame for the collapse of the nation’s economy, adding that they were the ones profiting from the abandonment of the refineries.

He said some of the elite owned refineries outside the country, which was why the refineries at home could not be put into proper use.

On the $20 billion missing oil money, Buhari asked Jonathan to immediately account for it as it smacks of corruption.

“This current government is being challenged to account for an estimated $20 billion and the whole country is awaiting a report of a forensic audit. $20 billion at N210 to $1 is equal to N4.2 trillion, nearly a year’s federal budget.

“If it is rue this sum cannot be accounted for, this is grossest form of corruption. Just think about it: at N5 million per vehicle, this money would have bought 840,000 patrol vehicles. At N13.5 million for a high capacity bus, this money would have bought 311,000 buses.

“From information at my disposal, Lekki Bridge in Lagos cost N29 billion to construct. N4.2 trillion would have built 145 Lekki bridges. If the average cost of generating one mega-watt of power is about US$1.5 million (excluding gas and distribution cost), $20 billion would have bought us over 13,333 mega-watts of power. What a difference that would make up and down the country,” he said.

He said if one also factored N2.2 trillion spent on subsidising fuel importation, which became a huge scandal, one might then understand why the APC’s manifesto focuses on the issues of security, corruption and the economy.