Pulse.ng logo

Buhari 'No more free money,' President says

Buhari blamed the past administrations for ignoring the diversification of the economy and relying only on oil, saying the result is what Nigeria is facing today.

  • Published:

Join the "sabi" clique. Don't miss a thing, get the latest updates to fuel your conversation daily

By signing up , you agree to our Privacy Policy and European users agree to the data transfer policy

Thank You! You have successfully subscribed to receive pulse.ng daily newsletter.

President Muhammadu Buhari on Wednesday, July 13, said the era of throwing money around is over, stressing that Nigeria must return to farming for survival.

He stated this while speaking during a one-day working visit to Zamfara state.

“There is no easy money to throw around, we must go back to farming, livestock rearing so that we could develop the industries, we must co,leftovers put our hands on deck to ensure success,of our mission in engineering Nigeria,” he said.

Buhari blamed the past administrations for ignoring the diversification of the economy and relying only on oil, saying the result of that negligence is what Nigeria is facing today.

“If efforts were made in the past to diversify the economy from our absolute reliance on a single commodity, we would not have found ourselves in our current situation . I assure all Nigerians that the grim economic situations are passing phase which all societies go through,” the President said.

On security, he said his government is making progress not just in the north east but across the county.

Buhari said: “Our security situation is improving, not only in the north east, but all over the country. We are confident that our macro economic policies as well as the monetary policies being implemented by the CBN will lead to the revitalization of the industries and steady growth in significant sectors of the economy,” Buhari said.

“Our commitment to secure the country has already started yielding results as noted by the governor that for the first time since Boko Haram insurgency began in the northeast seven years ago, the people of Borno State celebrated the Eid-el-Fitri with ease, devoid of any security barricades".

READ: ‘Buhari ruined Nigeria’s economy in 1 year,’ Fayose says

The President reiterated that the current administration, more than ever before, will decisively deal with any anybody or group that pose as security threat to Nigeria.

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.