Buhari admits Nigeria’s economy is in crisis

PRESIDENT Muhammadu Buhari has admitted that Nigeria’s economy under his administration is in crisis, but however, stated that the situation is the same with every economy of the world.

The President stated this in his nationwide broadcast to mark the nation’s 60th independence anniversary.

He also admitted that the country is plagued by security challenges.

Nigeria is currently facing a worsening security situation precipitated by criminal activities of group likes Boko Haram, armed herders, bandits, kidnappers, and also the ranging Southern Kaduna crisis.

“Today, I am aware that our economy along with every single economy in the world is in crisis. We still face security challenges in parts of the country, while our society suffers from a high loss of moral rectitude which is driven by unbridled craving for political control,” the President said.




    “An underlying cause of most of the problems we have faced as a nation is our consistent harping on artificially contrived fault-lines that we have harboured and allowed unnecessarily to fester.”

    President Buhari further noted that institutions such as civil service, police, the judiciary, the military  had all suffered from a general decline.

    He said the country “needs to begin a sincere process of national healing, and noting that ” this anniversary presents a genuine opportunity to eliminate old and outworn perceptions that are always put to test in the lie they always are.”

    “The stereotype of thinking of ourselves as coming from one part of the country before seeing ourselves as Nigerians is a key starting point to project us on the road to our deserved nation’s evolution and integration.”

    Olayinka works with The ICIR as the Social Media Manager, Reporter and Fact-checker. You can shoot him an email via [email protected]. You can as well follow him on Twitter via @BelloYinka72

    Join the ICIR WhatsApp channel for in-depth reports on the economy, politics and governance, and investigative reports.

    Support the ICIR

    We invite you to support us to continue the work we do.

    Your support will strengthen journalism in Nigeria and help sustain our democracy.

    If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here


    Support the ICIR

    We need your support to produce excellent journalism at all times.

    - Advertisement

    Recent