Our FG Cannot Account For Oil Money – Fashola


Lagos State Governor Babatunde Fashola has accused the Federal Government of mismanagement of the country’s oil revenue account.

Fashola spoke at the commissioning of the 8.5km Amedokhian-Ugboha Road in Benin City, Edo State, where he lamented that the FG could not account for missing oil revenue.

“We have a national government that is unable to account for money from crude oil that they did not extract. Foreigners are the ones extracting it for them. The price is fixed internationally, the quantity is known, just to add up and tally. They say it is $20 billion that is missing, some say $10 billion. Should one dollar be missing in any responsible government? So, that is why corruption and accountability remain an issue in the next election.

“If a government at the state level that collects one over 96 percent, because what the state gets is what the 36 states and Abuja share, nine percent of the total revenue. And they can do this kind of road and all the red roofs that I have seen, imagine what will happen if you have a president and vice president that cares,” Fashola said.

Also speaking, Governor Adams Oshiomhole stressed the need for the people to vote for the All Progressives Congress (APC) at all levels as he claimed that the PDP has failed to provide the basic facilities for the people.

“I need you to connect with this election. There are no miracles in development. It is about planning, it is about commitment and honesty. It is about judicious application of resources. PDP’s only resolve is to steal. After 16 years of PDP, Nigerians have no water, no light, they are still using generators. In the name of privatization they handed over electricity in Edo to their friends. They are collecting money from you without providing light.

“The elections are around the corner and we must elect the House of Assembly that will support the appropriation of funds to continue with any of the jobs that we will not be able to do .That is why the coming election is very important,” Oshiomole said.


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