Nigeria Needs a Miracle to Survive – Buhari

Buhari-presents-N6.08trn-2016-budget-to-NASS
President Muhammadu Buhari of Nigeria presents the N6.08trn dollar 2016 budget to the National Assembly.

President Muhammadu Buhari has admitted that the nation needs a miracle to survive the unfriendly economic hardship that has made life difficult for Nigerians due to drop in oil price.

According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the president made the remark 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 last Thursday.

“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.”

Buhari’s economic policy has done little or nothing to change the plight of Nigerians, further appreciated the UN agency for its commitment to saving lives in Nigeria, particularly of women and children.

The number of Nigerians living on less than $1 per day or absolute poverty has increased since 2004 despite economic growth in the country, according to the National Bureau of Statistics. With an estimated 160 million Nigerians, it means slightly over 100 million people are living under abject poverty.