President Muhammadu Buhari has said that it is “absolutely necessary” to blame past administrations for the current economic challenges facing the nation in order to remind people what went wrong with the country.
The president said this while speaking at an event tagged “The Conversation: An Evening with Creative Youths,” at the Banquet Hall of the Presidential Villa in Abuja.
He said, “I am going to bore you with what we met. I know that I am being accused in the papers of passing the buck, but passing the buck is sometimes absolutely necessary to remind people who take things for granted.
“When we came in, I screamed to high heavens because I had promised a lot while seeking votes.
“I said where is the saving? There was no saving. There was no infrastructure, power, rails, roads, there was none. What did we spend the money on? I was told buying food and petrol.
“Where were the billions going? We conducted a study and found out that the oil marketers were committing fraud on at least one third of what they were importing, which is about 25 per cent of our foreign exchange.
”The youth must watch our elite, especially with the condition we found ourselves. It is unpatriotic for anybody to pretend that economically we have no problem.
“I have bored you with this long explanation because there are things that could be hidden from you by those that have mismanaged the country in the last 16, 17 years.”