The President said he felt like “absconding” after seeing the enormity of the challenges he will have to deal with when he assumed office in May 2015.
He made this confession on Thursday, November 3, 2016 at the State House in Abuja.
Buhari said: “For 16 years and eight consecutive governments of the other party… there was unprecedented revenue realised, the oil projection which can be verified was 2.1 million barrels per day. From 1999-2015 the average cost of each Nigerian barrel of oil was $100 per barrel.
“When we came it fell to less than $30 per barrel and is now between 40 and 50. Actually I felt like absconding because 27 out of 36 states in Nigeria cannot pay salaries and and we know they have no other source than to depend on salaries," the President said.
He further narrated how scared he got when he found out that the country has no savings and many people were milking the country dry in the petroleum sector.