President Muhammadu Buhari on Tuesday, September 8, gave his administration a pat on the back during in his speech at the first-year ministerial performance review retreat held in Abuja.
The Nigerian leader claimed that his government has done quite well in comparison with past administration with fewer resources.
Based on this, the president called on the Nigerian elite to judge his leadership style and delivery of democracy with fairness, Channels TV reports.
He reminded fellow citizens that from 1999 to 2014, the average production of oil in Nigeria was 2.1 million barrels per day sold at an average price of $100.
President Buhari recounted:“When we came, it collapsed to $37, $38 per barrel, you know it. And the militants were unleashed on the administration, and the production went down to half a million barrels per day.
“I want you to please reflect, what was the condition of the infrastructure then, in spite of those earnings. The roads, the rail is dead and there was no power, up till now no power; where does the money go?”
Earlier, the federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA) had hands-off from fixing prices for petrol .
This came after the PPPRA’s executive secretary, Abdulkadir Saidu, on Tuesday, September 8, announced that from now on, factors that would determine the retail price of the product will be influenced by demand and supply and the global market.
Saidu said:“This, however, must be in accordance with our code of conduct because as a regulator, it is our duty to protect the consumer and operators must abide by our codes.”
Speaking on behalf of Saidu, Victor Shidok, PPPRA’s general manager for administration and human resources, said that in order to prevent abuse of the government’s consent, the agency will remain the regulator for marketers.