President Muhammadu Buhari says Nigeria is
paying dearly for incompetence in managing high
revenue that accrued from oil, particularly over
the past decade, and for allowing the decay of
critical infrastructure.
Speaking at the State House, Abuja, Monday,
while receiving the Chief Global CEO of Unilever,
Mr Paul Polman, the President said his
administration was working very hard to change
the structure of the Nigerian economy battered
by several years of mismanagement.
”We refused to save for the rainy day. Now the
rain is beating us. No money, no savings, nothing.
And we are thoroughly wet from the rains,” he
said.
President Buhari said Nigeria was paying the price
for turning herself into a mono economy, but
assured that the country would soon be able to
feed herself, and even export, with the current
emphasis placed on agriculture.
He assured that the Federal Government would
fast-track the implementation of strategies to
ease doing business and attract more investors
into Nigeria.
“We want to create jobs, and supporting
manufacturing is one way to do it. As soon as we
have stabilized our budget, I would personally be
interested in the manufacturing sector,
particularly in the generation of essential raw
materials,” the President said.
The Chief Global CEO of Unilever said the
conglomerate had been in Nigeria for 93 years,
making it the oldest manufacturing concern in
the country.
“Our products are more Nigerian than other
Nigerian brands. Despite the economic downturn,
there are opportunities to further advance our
business here.
“The situation to invest and continue to invest
here is very encouraging,” Mr Polman said,
adding that Unilever had invested about N15
billion in Nigeria in the past three years.

49cents:
That's precisely why you won the election...

Blaming past government after a year in office only means buhari and the APC are clueless about how to fix the country


I pray for wisdom for this government

Sweetguy25:
A dull and feckless president with no iota of shame. We are tired of you playing the blame game. It shows that you are lame with no shame

ckmayoca:
So thatz shy u guys r saving now and refusing to pay worker's. When they all die u will claim u saved abi?

kernel501:

Sai Buhari !!! Obasanjo will be laughing this man's incompetency, having inherited worst economic situation than him, yet he was shift and objective towards rebuilding the economy.
#Proudly Igbo #5%

WhoRUDeceiving:




Thank you all. Not everyone is stupid as the coupist thinks. Is he not ashamed of himself for going to England to treat ear infection? Maybe he has not been hearing the clamor for change that some thought he would magically do at his age

SirJeffry:
It's official, God has taken his remaining property out of Nigeria and cursed us with Buhari.

mrvitalis:
Lool I pity for Nigeria...
What Jonathan did would take years to overturn and and the only miracle that can save us is oil to hit $100 and the other is to diversify the economy which will take a minimum of 10 years...
We really need to understand that's there is no miracles here and please it's no blame game but the simple truth

junketer:
even if oil hits $200 do you think the dullllarppoo would know what to do. This man is super clueless. We are now in his second year but he's still blaming jona.

mrvitalis:

U sound full of hate and lacking basic economics principles
We will have to blame Jonathan for 10 years if things(oil price) don't improve that's the effect of failing to save
Now let me explain this to u and I hope u remove hate and understand
U are a man and sole bread winner of the family and u work and get paid an unfixed money per month.. . Between 2010 and 2014 u recived more money than ever before and instead of saving u were buying expensive Cloths for ur kids, taking them to dubai and buying fleet of cars, u didn't invest this money... Fast forward to 2016 u are now being paid amount bearly enough to feed and ur family is asking u to do something what will u do??
At least Buhari is asking people to come and develop his lands he inherited since he can't do that at least that will bring small money to maintain the house

Hope u understand now