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President Muhammaed Buhari of All Progressives Congress (APC) on Monday night said he took over power in 2015 at a time that Nigeria was heading for collapse as a result of profligacy of the former ruling party, which squandered the country’s $50o billion oil earnings in 16 years.

Buhari stated this while speaking at the opening of the APC National Caucus meeting currently going on at the new banquet hall of the Presidential Villa.

“It is easy to forget the fuel subsidy fraud, arms fund diversion, depleted excess crude account savings, depleted foreign reserves, massive unpaid debts to contractors and suppliers amidst failure to invest or even maintain our infrastructure namely railways, roads, electricity, in spite of having earned over $500 billion from oil & gas alone, during the 16 years of PDP rule,” he said.

He called on party leaders present to not forget the dire situation in which they came to office.

The president said his administration has done well since taking over in 2015. He called on APC leaders “not to be shy in projecting our tremendous achievements from 2015 to date.”

He said the territorial integrity of Nigeria under the APC is no longer under threat.

Mr. Buhari admitted that a number of security challenges still exist; but, he said, they exist in even the most well policed and well secured countries.

“I am confident that the measures we are taking will tackle the acts of rural banditry, herdsmen/farmers conflicts, communal clashes, kidnappings and other crimes,” he said.

Mr. Buhari also addressed the crises affecting the APC in various states and reminded the gathering that he had appointed a committee, headed by one of the national leaders of the party, Bola Tinubu, to reconcile differences in various states.

Other APC stalwarts at the meeting include Vice President, Professor Yemi Osinbajo, the Speaker of the House of Representatives, Yakubu Dogara, APC National Chairman, John Odigie Oyegun and other National Working Committee members, Asiwaju Bola Tinubu, Governors, Ministers and other party bigwigs.

The Senate President, Bukola Saraki was conspicuously absent.

Details of the caucus meeting will come later……

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