Nigeria’s President Muhammadu Buhari has said that the past administration of the PDP should be held responsible for the present dismal state of the economy for failing to save for the rainy days.
Buhari decried the country’s inability to have save despite oil selling above $100 per barrel for the greater part of the last 16 years.
The last 16 years witnessed the Presidency of former presidents Olusegun Obasanjo, the late Musa YarÁdua and Goodluck Jonathan.
Buhari said “In the First Republic, more enduring infrastructure was built with meagre resources. But in the past 16 years, we made a lot of money without planning for the rainy day.
“We showed a lot of indiscipline in managing our economy, and that is why we are where we are today. But this time round, we’ll do our best.”
Buhari who made the assertion while receiving the President of the International Civil Aviation Organisation (ICAO), Dr Bernard O. Aliyu at the State House, Abuja, stressed the urgent need to ensure that the potentials of Nigeria are harnessed and used for the good of the country.
“Nigeria needs to work on her potentials, so that we don’t remain permanently at the level of potentials,” he declared
Dr Aliyu, the Nigerian-born ICAO president commended President Buhari for strides on anti- corruption, and urged Nigeria to pay more attention to development of civil aviation.
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