In the wake of several economic problems being faced by Nigeria, it’s President, Muhammadu Buhari has revealed the cause.
President Buhari today revealed that the sudden fall in oil price in the international market has made Nigeria to become a poor country.
He said this while speaking at a meeting with the executive director of the United Nations Population Fund (UNFPA) and under secretary-general of the United Nations, Babatunde Osotimehin, at the state House Abuja today August 11th.
“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 shoourt.