President Muhammadu Buhari on Friday explained how and why Nigeria got into trouble.

The president blamed the country's woes the failure of his predecessors, from 1999 to 2015, to save for the rainy days .

He was in New York addressing top rate Nigeria professionals in the United States of America, whom Mrs Abike Dabiri-Erewa, Senior Special Assistant to the President on Diaspora Matters and International Relations, described as "15 of the best people God ever created."

Among them are top flight aeronautics engineers, physicians, I.T experts, a judge, a top policewoman, entrepreneurs, an import specialist at Customs and Border Protection, professors, two straight A students and many others.

Buhari stated: "I am very pleased with this meeting," President Buhari stated. "Wherever you go in the world, you find highly competent and outstanding Nigerians. They not only make great impact on their host countries and communities, their financial remittances back home also help our economy, particularly at a time like this, when things are down.

"We got into trouble as a country, because we did not save for the rainy day. For example, between 1999 and 2015, when we produced an average of 2.1 million barrels of oil per day, and oil prices stood at an average of $100 per barrel, we did not save, neither did we develop infrastructure. Suddenly, when we came in 2015, oil prices fell to about 30 dollars per barrel.

“I asked; where are the savings? There were none. Where are the railways? The roads? Power? None. I further asked; what did we do with billions of dollars that we made over the years? They said we bought food. Food with billions of dollars? I did not believe, and still do not believe.

“In most parts of Nigeria, we eat what we grow. People in the South eat tubers, those in the North eat grains, which they plant, and those constitute over 60 per cent of what we eat. So, where did the billions of dollars go? We did a lot of damage to ourselves by not developing infrastructure when we had the money.

"Talking of our military, they earned respect serving in places like Burma, Zaire, Sudan, Liberia, Sierra-Leone, and then, suddenly, that same military could no longer secure 14 out of 774 local governments in the country. Insurgents had seized them, calling them some sort of caliphate, and planting their flags there; till we came, and scattered them.

"We raised the morale of our military, changed the leadership, re-equipped and retrained them; USA, Britain, and some other countries helped us, and today, the pride of our military is restored.

"Boko Haram ran riot, killing innocent people in churches, mosques, markets, schools, motor parks, and so on. And they would then shout Allahu Akbar. But if they truly knew Allah, they would not do such evil. Neither Islam, nor any other religion I know of, advocates hurting the innocent. But they shed innocent blood, killed people in their thousands. Now, we have dealt with that insurgency, and subverted their recruitment base."

President Buhari also stated that "those who stole Nigeria dry are not happy. "They recruited the militants against us in the Niger Delta, and began to sabotage oil infrastructure. We lose millions of barrels per day, at a time when every dollar we can earn, counts. It is a disgrace that a minimum of 27 states, out of 36 that we have in Nigeria, can't pay salaries.

Joniboi:
Old fool

KINGMAKER001:
Mr President come back and fix the economy at least how you met it...that's how you go about painting the country and her citizens black...issues you can't address here in your country, you go to other countries to spew such....hope you will also tell them how your fulani brothers has been going about killing innocent people and how you played a deaf ear to the menace ravaging the country....also tell the world how much you have recovered from the looted funds and what you intend to do with the money..

divinehand2003:
Yet another blame game all over again.