P
ProfRem
Guest
President Muhammadu Buhari has narrated how the Nigerian economy got into trouble.
The president said this while speaking to top rate Nigerian professionals based in the United States of America .
He said trouble started when those who stole Nigeria dry are not happy. They recruited the militants against in the Niger Delta, and began to sabotage oil infrastructure.
Nigeria lost millions of barrels per day, at a time when every dollar counts and a minimum of 27 states, out of 36 that we have in the country can’t pay salaries.
“We got into trouble as a country, because we did not save for the rainy day. For example, between 1999 and 2015, when we produced an average of 2.1 million barrels of oil per day, and oil prices stood at an average of $100 per barrel, we did not save, neither did we develop infrastructure. Suddenly, when we came in 2015, oil prices fell to about 30 dollars per barrel.
“I asked; where are the savings? There were none. Where are the railways? The roads? Power? None. I further asked; what did we do with billions of dollars that we made over the years? They said we bought food. Food with billions of dollars? I did not believe, and still do not believe.
“In most parts of Nigeria, we eat what we grow. People in the South eat tubers, those in the North eat grains, which they plant, and those constitute over 60 per cent of what we eat. So, where did the billions of dollars go? We did a lot of damage to ourselves by not developing infrastructure when we had the money.
“After 16 years of a different party in government, no party will come and have things easy. It’s human. We need quality hands to run Nigeria, and we will utilize them. I will like to welcome you home when it’s time. But I’ll like you to be ready.”
All the Nigerian professionals pledged to contribute their quota towards re-launching their fatherland to a new dawn.
The president said this while speaking to top rate Nigerian professionals based in the United States of America .
He said trouble started when those who stole Nigeria dry are not happy. They recruited the militants against in the Niger Delta, and began to sabotage oil infrastructure.
Nigeria lost millions of barrels per day, at a time when every dollar counts and a minimum of 27 states, out of 36 that we have in the country can’t pay salaries.
“We got into trouble as a country, because we did not save for the rainy day. For example, between 1999 and 2015, when we produced an average of 2.1 million barrels of oil per day, and oil prices stood at an average of $100 per barrel, we did not save, neither did we develop infrastructure. Suddenly, when we came in 2015, oil prices fell to about 30 dollars per barrel.
“I asked; where are the savings? There were none. Where are the railways? The roads? Power? None. I further asked; what did we do with billions of dollars that we made over the years? They said we bought food. Food with billions of dollars? I did not believe, and still do not believe.
“In most parts of Nigeria, we eat what we grow. People in the South eat tubers, those in the North eat grains, which they plant, and those constitute over 60 per cent of what we eat. So, where did the billions of dollars go? We did a lot of damage to ourselves by not developing infrastructure when we had the money.
“After 16 years of a different party in government, no party will come and have things easy. It’s human. We need quality hands to run Nigeria, and we will utilize them. I will like to welcome you home when it’s time. But I’ll like you to be ready.”
All the Nigerian professionals pledged to contribute their quota towards re-launching their fatherland to a new dawn.