President Muhammadu Buhari confessed on Thursday that the sharp drop in the price of oil has unexpectedly transformed Nigeria into a poor country.
Nevertheless, he stated that it has become impossible for people to know that there is severe shortage in the country due to the prudent manner his administration had been handling the nation’s resources.
In a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President Buhari made the shocking revelation while receiving the United Nations Population Fund’s Executive Director and Under Secretary-General of the United Nations, Prof. Babatunde Osotimehin, at the Presidential Villa, Abuja.
He pointed out that commitment to transparency and accountability was serving the government in good stead as it has moved the attention of people away from the severe shortage of resources presently in the country.
“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”.
As he asked UNFPA to bear with Nigeria in whichever area the country could not live up to its responsibilities for now, President Muhammadu Buhari noted that increasing population and diverse cultural practices in the country provide fertile ground for research to organisations like UNFPA.
The President thanked the United Nations agency for its commitment to saving lives in Nigeria, especially of women and children.
Meanwhile, in the light of the existing hardship in the country, the Chairman of the Peoples Democratic Party (PDP) Delta State chapter, Mr. Kingsley Esiso, has accused the All Progressives Congress (APC) led Federal Government of introducing nothing but negative change into the country. On that premise, he urged Nigerians to hang on till 2019, assuring that the party will ‘change the change’.