President Muhammadu Buhari has denied the involvement of his administration in bringing the country to its present economic state.
Recall that the Finance Minister had some months ago opened up on the current standing of the nation’s economy which she describe as simply in economic recession.
Rejecting the criticism mounted on him and his administration, President Buhari while speaking at the State House during a meeting with the Senior Executive Course No 38 of the National Institute for Policy and Strategic Studies, (NIPSS) said:
“In the last one and half years of this administration, the economy has experienced some tough times, particularly with the decline in oil revenues, which has some harsh impacts on Nigerians at the grassroots.”
He further added: “It is also important to note that the economic recession is not the making of this administration, but rather a consequence of bad management of the economy in the past couple of decades. Nor is recession limited to Nigeria; there are far, far worse cases than Nigeria.”
Speaking further on the nation’s challenges, the President noted that what mattered most in this situation is how the country responds to its current economic state.
He noted that his administration is committed to finding a lasting solution to the country’s woes.
President Buhari however encouraged Nigerians to have faith that the country will come out of recession soon.
“Let us have faith in our great nation that we will come out of this recession vibrant and strong.”
“Ours more than any other government in the history of Nigeria is a people’s government. We therefore must and we will keep faith with the people.”