Buhari laments mismanagement of Nigeria’s oil wealth

President Muhammadu Buhari on Tuesday lamented Nigeria’s management of its oil wealth, saying it was regrettable that the country could not produce enough refined petroleum products for its domestic use.

Mr. Buhari stated this during his two-day official visit to Ogun State. He expressed regret that the country’s oil wealth was fast declining.

“I appreciate President Obasanjo for making me the Minister of Petroleum. For three years, he tolerated me. During that period we built Warri and Kaduna refineries. We laid so many pipelines and then we were exporting refined petroleum products. But what do we have today? I want to stop here,” Mr. Buhari said.
The president commended the Ogun State Governor, Ibikunle Amosun, for his administration’s effort in building infrastructure for the state.

Earlier in the day, Mr. Buhari commissioned projects in the state capital, Abeokuta, to mark the 40th year anniversary of the state’s creation.

The government had declared a work-free day, as thousands of residents lined the streets through which the president’s motorcade drove, chanting “sai Buhari! Sai baba! Sai Buhari!”

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