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Ribadu explains how Buhari’s Administration Bankrupted Nigeria during a lecture



The National Security Adviser Mallam Nuhu Ribadu, on Monday, declared that former President Muhammadu Buhari’s administration bankrupted Nigeria.

In the first official pronouncement of the federal government on the state of finances of the government after Buhari’s eight years administration, the nation’s top security man, affirmed that the President Bola Tinubu-led government inherited a “bankrupt country”.

Ribadu, who spoke at the Chief of Defence Intelligence Annual Conference themed: “Leveraging Defence Diplomacy and Regional Collaboration for Enhanced National Security”, said the federal government was “paying back what was taken” or stolen.

In a no-holds-barred remark, Ribadu stopped short of saying that the nation was stolen blind by the last administration, rendering the treasury empty.

“We are facing very serious budgetary constraints. It is okay for me to tell you. It is fine for you to know. We have a very serious situation.

“We have inherited a very difficult country, a bankrupt country to the extent that we are paying back what was taken. It is serious.

“But this administration is doing its best to meet our requirements including that of the armed forces,” he lamented.

The National Security Adviser, NSA, also lauded the Armed Forces of Nigeria for the successes being recorded in the ongoing fight against insecurity across the country.mR Ribadu made the remark at the Chief of Defence Intelligence Annual Conference 2023 with the theme: “Leveraging Defence Diplomacy, and Effective Regional Collaboration for Enhanced National Security”, on Monday in Abuja.

He said the armed forces under the current leadership had shown serious commitment in addressing the prevailing security challenges bedevilling the country.

The NSA said that there were positive changes and improvements both in and outside Nigeria.

According to him, many things have changed since the appointment of the current team of leaders in the security sector.

“Let us come together as one and continue to support our armed forces and other security agencies with this work of securing our country for peace and stability.

“They have done an amazingly good job without talking and I believe that with the support and the resolve of the leadership we have today in our country, things will only be better.

“We are just four or five months old, but certainly things have changed and we believe that what they are doing, they are doing it right.

“We want to encourage them, stand by them and support them 100 per cent and hopefully this country will be okay in a short time,” he said.

The NSA also said there was renewed synergy among the services in dealing with the threats, and this has led to successes in ongoing operations.

He said that the improved security in the Niger Delta region had led to an increase in oil production from 900,000 barrels per day about a year ago, to about 1.7 million barrels per day presently.

The NSA added that attacks on oil installations have also reduced drastically in recent times due to the commitment of the military, while insurgency-related deaths have also reduced in the North East and North West.

He also said that hundreds of kidnapped hostages have been rescued from the terrorists in different theatres of operation across the country.

According to him, giant stripes have been recorded in the last two decades in enhancing democratic culture and governance in Nigeria.

He however said that the resurgence of groups and military takeovers had recently threatened democracy on the African continent.

The NSA added that the coups in Mali, Burkina Faso, Niger, Gabon, and Guinea had led to sudden reversal of democratic fortunes in those countries.

Mr Ribadu said the essence of defence diplomacy was to pursue strategic engagement with allies and partners at bilateral and multilateral levels while ensuring the attainment of national security objectives.

The Chief of Defence Intelligence, CDI, Maj.-Gen. Emmanuel Undiandeye, said the agency was determined to harness the capabilities of the defence attaché system for the attainment of national security objectives.

Mr Undiandeye said the current and emerging threats facing Nigeria were numerous, complex, integrated, multifaceted and diverse in nature with attendant security implications for national security.

These threats, according to him, have both internal and external perspective, and range from terrorism, high force secessionist agitation, armed mandatory kidnapping, herders-farmers clashes and cyber threats.

He reiterated the need to sustain the collaborative efforts at all levels to consolidate the successes so far recorded by the military.

The CDI said that defence attachés have the key responsibility of ensuring effective regional collaboration to strengthen mechanisms to address identified threats.

According to him, the annual conference was for the DIA to evaluate the activities of its defence sections, identify opportunities and challenges.

He added that it was also to evaluate modalities of engaging intelligence trends that would shape policy direction, and reposition the agency to respond to current and future threats.

The conference was attended by Minister of Defence, Muhammed Badaru, Minister of State, Dr Bello Matawalle, Permanent Secretary in the defence ministry, Dr Ibrahim Kana, the Chief of Defence Staff and other service chiefs.

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