Buhari President says Nigeria is poor because PDP govt. was wasteful

The President was surprised that the previous governments did not put money away, even when crude oil was sold for $100.

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President Muhammadu Buhari

(Punch)
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President Buhari has once again explained that Nigeria’s present economic state is a result of the refusal of previous Peoples Democratic Party (PDP) governments who refused to save for the rainy day.

Buhari said this while meeting with the President of the International Civil Aviation Organisation (ICAO), Dr. Bernard O. Aliyu.

The President was surprised that the previous governments did not put money away, even when crude oil was sold for $100.

Buhari said “Nigeria needs to work on her potentials, so that we don’t remain permanently at the level of potentials.

“If Ethiopia is sustained largely by her airline industry, we have greater potentials here. But we must move out, engage with the rest of the world, as we need to re-establish the integrity of this country. We need to rebuild this country again.”

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Adding that “In the First Republic, more enduring infrastructure was built with meagre resources.

“We showed a lot of indiscipline in managing our economy, and that is why we are where we are today. But this time round, we’ll do our best.”

READ: Buhari welcomes Islamic bank's loan offer

Buhari also stated that his administration will work hard to improve Nigeria’s economy.

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