Popular ThisDay newspaper columnist, Waziri Adio  today -December 26 2014-  felt compelled to speak up and clear the air on false accusations that Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC) was ‘sectional’ in the widely-acclaimed impact of the Petroleum Trust Fund (PTF) he chaired under the Sanni Abacha regime.

 In a series of,  tweets, 35 in total  Waziri made it clear that “the South got 70% in terms of amount located, and the North got 30%”. 

The tweets are very enlightening.  :  Muhammadu Buhari

In a few minutes,  I will start tweeting about the Petroleum Special Trust Fund (PTF) headed @ThisIsBuhari btw May '95 and May '99.

2. There have been allegations that the PTF projects were lopsided in favour of the north, aimed at portraying @ThisIsBuhari as sectional.

3. There have also been allegations of fraud in PTF, meant to show that @ThisIsBuhari not as clean as portrayed.

4. I will provide some background on PTF and present some facts based on public documents and leave you to draw your conclusions.

5. PTF was set up by Gen Abacha in May '95, headed by @ThisIsBuhari, with Chief Tayo Akpata as Secretary.

Other members representing different zones were Y. Gusau, A Talib,  Rufus Giwa,  Prof. Chimere Ikoku,  Prof. JP Clark,  D.B Zang.

7. PTF was charged with using portion  of increase in fuel price to rehabilitate roads, schools, hospitals, water schemes n provide supplies

8. Despite charges of being a parallel govt,  at no point was PTF budget more than 10% of total budget of the federation.

9. Widely circulated allegation of lopsided siting of PTF projects by Afenifere a bit exaggerated.

10. It is true that out of the 13,090km roads rehabilitated, 32% in the south and 68% in the north. But that's half the story.

11. In terms of km, 7.3% of d rehabilitated roads were in SE; 8.5% in SW;16.25 in SS; 21.1% in NW; 23.4% in NE; and 23.5% in NC.

12. But it is also true that the landmass varies among zones and same with degree of difficulty and cost.

13. A look at the cost of roads in different zones and the overall allocation  to zones in all PTF projects show a different picture.

N77. 2b was committed to roads out of the total of N187b allocated to PTF till May 99.

15. Of the N77.2b to roads, SW got N 9.7 b; SE, N14.5b;  SS, N 30. 5b.  This means SW got 12.6% of road budget; SE, 18.8%; SS, 39.5%.

16. Of d N77.2b committed to roads,  NE got N7.1b; NC, N7. 4b;  NW, N7.9b, meaning NE got 9.2%, NC got 9.6% and NW 10.3%.

17. This shows that in terms of cost, the variation btw north and south reversed in favour of d south.

18. Under roads, the south got 70% in terms of amount allocated and the north got 30%.

19. It may sound counter intuitive,  but it is also an established fact that road construction  costs more in the south than in the north.

20. Those circulating facts about kilometers of roads possibly also have information about cost of the roads and total allocation.

21. Possibly, they selectively chose the data set that will help their argument that @ThisIsBuhari is sectional.

22. Also, of the total N187b allocated to PTF, the south got more than the north.

23. In the 6 areas under PTF, SE got N26.9b; SW, N28.8b; SS, N49b.  Representing 15% for SE, 15.4% for SW, and 26.2% for SS.

24. That is a total of 56.7% for the south out of the entire budget of PTF.

25. Of d total PTF allocation, NC got N20bn; NE, N26b; and NW N34. 9b.  Meaning 10.7% for NC; 13.9% for NE; and 18.7% for NW.

26. That's 43.3% for the North out of the total N187b allocation to PTF.

27. On allegations of fraud in PTF under @ThisIsBuhari, it is important to  bear a few things in mind.

28. OBJ set up two interim mgt committees on PTF, before eventually asking PTF to be wounded up.

29. First committee was under Dr. Haroun Adamu. 2nd under Alh. Garba Mubi.  Dr Adamu Maina - Waziri was asked to wind up PTF.

30. For two years, police and SSS interogated officials of Afri-Project Consortium,  project consultant to PTF.

31. Up till today, no one charged or prosecuted. In fact two of d founders of Afri-Project Consortium later served in OBJ's govt.

32. Murtala Aliyu was minister of state for works, and Amina Mohammed served as SSA on the MDGs and is now an adviser to the UN Sec-Gen.

33. However, anytime @ThisIsBuhari is planning to contest some people dredge up allegations of sectionalism and fraud in PTF.

34. Sometimes it is claimed that no one prosecuted so as not to embarrass @ThisIsBuhari. But what does that say about those making d claims?

35/35. This is it for now on PTF and @ThisIsBuhari. Good evening.)

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