Thursday, 11 August 2016

Nigeria is now a Poor Country since the Fall in Oil Price - Pres. Muhammadu Buhari

The president of Nigeria, President Muhammadu Buhari on Thursday said Nigeria has sharply become a poor nation due to the suddenly drop in price of oil.
 According to THE PUNCH Newspaper, the President however said that his administration had been handling the nation’s resources had made it impossible for Nigerians to know that there’s severe shortage in the in the country.
In a statement issued by his special adviser on media and publicity, Mr. Femi Adesina, the president spoke while receiving the United Nations Population Fund’s Executive Director and Under Secretary-General of the United Nations, Prof. Babatunde Osotimehin, at the Presidential Villa, Abuja, Nigeria’s Capital.
In his statement according to THE PUNCH, he said, commitment to transparency and accountability was serving the government in good stead, despite severe shortage of resources in the country.
His words read in parts, “It has been very difficult year for Nigeria. Before we came to office, petroleum was sold for about $100 per Barrel. Then it crashed to $37, and now oscillates between $40 and $45 per Barrel.
The President added, “Suddenly we’re a poor country, but commitment to transparency and accountability is not making people know that there is severe shortage.
The President asked UNFPA to bear with Nigeria in whichever area the country could not live up to its responsibilities for now, President Buhari, also said exploding population and different cultural practices in Nigeria provide fertile ground for research to organization like UPFPA.

The president also gives words of thanks to United Nation Agency for its commitment to saving lives in Nigeria, particularly of women and children.