Nigeria’s President Muhammadu Buhari has revealed that he nearly absconded from office, when he discovered the financial constraints facing the country.
The president made this confession while addressing the Course 38 class of the National Institute of Police and Strategic Studies on Thursday, November 3, 2016 at the Presidential Villa, Abuja.
Buhari used the opportunity, once again, to pass on the blame to the People’s Democratic Party, PDP, saying that the main opposition party, perpetuated poverty in Nigeria for the 16 years that it was in power between 1999 to 2015.
He also blamed the current economic recession in Nigeria on the Goodluck Jonathan administration wondered what the PDP did with the oil revenue it, got saying that a barrel of oil was sold for $100 per barrel during the past administration.
“For 16 years and eight consecutive governments of the other party… there was unprecedented revenue realised, the oil projection which can be verified was 2.1 million barrels per day. From 1999-2015 the average cost of each Nigerian barrel of oil was $100 per barrel,” President Buhari said.
“When we came it fell to less than $30 per barrel and is now between 40 and 50. Actually I felt like absconding because 27 out of 36 states in Nigeria cannot pay salaries and and we know they have no other source than to depend on salaries.”
This statement contradicts the position of the ruling party, the All Progressives Congress, APC which recently accepted responsibility for the economic woes in the country.
Buhari also didn’t forget to rehash his promise to bring Nigeria out of recession and make it stronger than he met it.
Economic experts have placed the blame for the economic crisis in the country on the bad economic and fiscal policies of President Muhammadu Buhari and his failure to kickstart his government until after 6 months after his inauguration.
