President Muhammadu Buhari on Thursday said the sudden drop in the price of crude oil has left Nigeria poor, leaving it to struggle economically and it people suffering.
Mr. Buhari however said his administration’s commitment to transparency and accountability was serving the country in good stead, despite severe shortage of resources in the country.
The President spoke Thursday at the State House, Abuja, while receiving the United Nations Population Fund (UNFPA) Executive Director and Under Secretary General of the United Nations, Prof Babatunde Osotimehin.
“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,” Special Adviser on Media and Publicity, Femi Adesina, quoted the President as saying.
Asking UNFPA to bear with Nigeria in whichever area the country could not live up to its responsibilities for now, President Buhari said exploding population and different cultural practices in the country provide fertile ground for research to organizations like UNFPA.
The President thanked the UN agency for its commitment to saving lives in Nigeria, particularly of women and children.
On food security, President Buhari said reports from the North-East of the country were encouraging, as people were returning to their farmlands, with the guarantee of relative security.
Prof Osotimehin, a former Minister of Health in Nigeria, said UNFPA was determined to promote health care facilities across the country, noting that reduction of maternal mortality was doable, if the country paid more attention to access to health facilities, and human resources to run them.
He also encouraged Nigeria to commit to providing resources for health care, on a rollover basis, pledging that the UN would work with the country to provide humanitarian assistance not only in the North-East, “but even extended to the Lake Chad basin.”

delishpot:
Will they say anything beyond it's Gej's fault?

blueto:
So that was why it took you long to appoint unmerited ministers?

A good leader shines in the period of recession, it enables him to perfectly exercise his ingenious knowledge and dexterity in curbing such adversities/recessions. But not in the case of man that barred the importation of rice when the local producing capacity is not up to par with the demand of such commodity, causing importers to smuggle the commodity with expensive rates.

Even if Oil price hits $1000pb today, the clueless cow rearer will spend the revenue on fruitless tourisms.

madridguy:
THE SUFFERING IS MUCH SAI BABA.

madridguy:
THE SUFFERING IS MUCH SAI BABA.

Standing5:
Take bread for example, had GEJ's cassava bread strategy produced any meaningful result, the price of bread wouldn't be double today. Don't forget that sugar, another major component of bread is largely prnduced in Nigeria.
The bad policies & wastages during all our years of excess fund is the cause of current economic predicament. I keep saying it, Buhari has already exceeded expectations. To postpone the doomsday the way he did and be paying paying salary with ease he has scored 120% already.

wowmenow:
How come Saudi Arabia is not in recession

delishpot:


Dear brother, I know the actions of our leaders past destroyed our development as a country, it is just that I already know what he would say. I am not denying what he says just that the music has been played over and over and over and over and over and over again. So I already know what to expect when this type of talk comes up. So.... time to start working for the betterment of Nigeria and leave the long story in the past. Tell me, if gej had won, would naija have been like this or maintained it's past standard?

Tunami:
my guy u no tell me say u don decamp ooo. Na which church do the deliverance na? Anyway am happy for you.

Standing5:
Take bread for example, had GEJ's cassava bread strategy produced any meaningful result, the price of bread wouldn't be double today. Don't forget that sugar, another major component of bread is largely prnduced in Nigeria.
The bad policies & wastages during all our years of excess fund is the cause of current economic predicament. I keep saying it, Buhari has already exceeded expectations. To postpone the doomsday the way he did and be paying paying salary with ease he has scored 120% already.

He said “you cannot bake cassava bread without an improver, it will not work.

“Our challenge is that we reached an agreement with the Federal Government that they are going to give us an improver.

madridguy:
I'm with BUHARI till final whistle.

Standing5:

Going by the indexes, the rate at which we were sliping into the current recession under GEJ was far higher than the rate under Buhari.
To explain further lets examine the prediction that warned us about dollar hitting N260/$ by May 2015. We all witnessed how that was postponed to ending of 2015. Had Gej been in charge beyond May 29 .15, he would continued to borrow more heavily as against Buhari's blockage of leakages.

blueto:
So that was why it took you long to appoint unmerited ministers?

A good leader shines in the period of recession, it enables him to perfectly exercise his ingenious knowledge and dexterity in curbing such adversities/recessions. But not in the case of man that barred the importation of rice when the local producing capacity is not up to par with the demand of such commodity, causing importers to smuggle the commodity with expensive rates.

[s]Even if Oil price hits $1000pb today, the clueless cow rearer will spend the revenue on fruitless tourisms.[/s]

wowmenow:
How come Saudi Arabia is not in recession

blueto:
. it was already producing a meaningful result until zombies voted in the certificateless cow rearer who came in and breached FG's agreement with bakers association to provide an improver, a capital good that is used together with cassava to produce bread
http://www.vanguardngr.com/2016/06/hike-in-price-of-bread-imminent-says-national-chairman-of-master-bakers/

So you can see that Buhari's govt failed to provide improver for the use of cassava in production of bread.

What a failed administration.

Standing5:
Improver? Stop lying. GEJ has enough time to get any fictitious improver.

delishpot:



You have a point there. We all know it's hard to stop borrowing, pay off old debt while ones income has not increased. You make sense. I did not put onto consideration the way our economy was being sustained in the past compared to now.

Are you due for promotion at your work place? My body is sweeting me the way you respond without hurling insults

I feel like promotion is coming your way soon

Standing5:
I know I am (In a way).

Amen.

blueto:
what is this one saying?
That assertion by the baker was made under during buhari's era with a significance that improver was no longer provided to sustain the production of bread with cassava. this indicates that buhari's govt breached on their agreement with the association to provide improver. Now the bakers are have resorted to using expensive flours for baking of bread.

madridguy:
I'm with BUHARI till final whistle.