According to President Muhammadu Buhari, Nigeria is now a poor country due to the drop in global oil prices.
Buhari made the comment on Thursday, August 11, 2016, while meeting with the Executive Director of the United Nations Population Fund (UNPF), Professor Babatunde Osotimehinat the Presidential Villa in Abuja.
According to a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President said:
“It has been a very difficult year for Nigeria. Before we came to office, petroleum sold for about $100 per barrel. Then it crashed to $37, and now oscillates between $40 and $45 per barrel.”
“Suddenly, we’re a poor country, but commitment to transparency and accountability is not making people know that there is severe shortage.”
President Buhari has been blamed for the economic crisis in the country with members of the opposition Peoples Democratic Party (PDP) accusing him of brining negative change.
Buhari and the All Progressives Congress (APC) are believed to have won the 2015 elections due to their promise to bring change to the country.
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