L
LequteMan
Guest
Nigeria only has itself to blame for its current economic troubles, President Muhammadu Buhari has stated, criticising previous governments for an over-reliance on crude revenues.
Buhari said OPEC had to "act together to save the situation". According to him, countries, including Nigeria, "have to live by" market forces, ruling out a Nigerian withdrawal from the body.
"OPEC as an organisation has to be mindful of economic conditions in each member country because that will influence that country's ability to go along with OPEC decisions.
"Nigeria, we were unable to diversify our economy, hence we are much more disadvantaged by the lower oil prices and OPEC may try to help us out but really, it's basically our own fault," he said.
Aljazeera
Buhari said OPEC had to "act together to save the situation". According to him, countries, including Nigeria, "have to live by" market forces, ruling out a Nigerian withdrawal from the body.
"OPEC as an organisation has to be mindful of economic conditions in each member country because that will influence that country's ability to go along with OPEC decisions.
"Nigeria, we were unable to diversify our economy, hence we are much more disadvantaged by the lower oil prices and OPEC may try to help us out but really, it's basically our own fault," he said.
Aljazeera
