President Muhammadu Buhari has blamed Nigeria’s economic downturn on a sharp downturn in the price of crude oil on the international market.

The President spoke while receiving the United Nations Population Fund’s Executive Director and Under-Secretary-General of the United Nations, Prof. Babatunde Osotimehin, at the Presidential Villa.
“It has been a very difficult year for Nigeria. Before we came to office, petroleum sold for about $100 per barrel. Then it crashed to $37, and now oscillates between $40 and $45 per barrel.
“Suddenly, we’re a poor country, but commitment to transparency and accountability is not making people know that there is severe shortage,” the President said.

Nigeria is on the verge of an economic recession and is no longer Africa’s largest economyfollowing a recalculation of both countries GDP by the IMF.

Source: http://www.prokotinz.com/2016/08/president-muhammadu-says-nigeria-is-poor.html

ok

That is how he will keep saying nigeria is bankrupt and be chasing investors away.
1yr+ in office they are still doing nothing but blaming the past administration.

Let the dullard be busy demarketing Nigeria.

EpicMaurice:
That is how he will keep saying nigeria is bankrupt and be chasing investors away.
1yr+ in office they are still doing nothing but blaming the past administration.

you are poor,that is a fact.no lying to yourself will change that fact.

No! Mr President, Nigeria is a rich country with abad fortune of having leaders like you who have POVERTY MENTALITY..............
"prosperity is not in the resources, it is in the mindaet of the handlers"
.
.
.
with due respect sir, all your policies, so far, had demonstrated you have a backward and poverty mentality..............mentality if isolation.
..........You block Nigerians from doing business all over the world by your strangling forex policy and destroy internal economy by hikes in electricity, tax, petroleum products and you are complaining of bad economy,Howwwwwwww!

Only him say GEJ is the reason Nigeria is poor, now only him is still blaming oil for the reason Nigeria is poor.

This Cassandra sef eh

bantudra:



you are poor,that is a fact.no lying to yourself will change that fact.

do you spread your dirty underwear on the highway for everyone to see



And by the way, naija has a lot untapped resources which could make us rich. Just that he has refused to do something about it but keep announcing to the world that we have empty treasury.

EpicMaurice:

do you spread your dirty underwear on the highway for everyone to see



And by the way, naija has a lot untapped resources which could make us rich. Just that he has refused to do something about it but keep announcing to the world that we have empty treasury.

their is no way to hide dishonesty....better dont get used to dishonesty...

it as nothing to do with underwears...its about trust...

bantudra:

their is no way to hide dishonesty....better dont get used to dishonesty...
it as nothing to do with underwears...its about trust...

i hear you