The President of the Federal Republic of Nigeria, president Muhammadu Buhari,
seeing the enormity of the challenges facing the country when he assumed office in May 2015 said he felt like “absconding”, The Cable reports. The president said he was utterly bewildered to notice that despite the rising cost of crude oil from which Nigeria made a fortune, nothing was left for him to start off his administration. Speaking during a parley with participants of the Senior Executive Course 38 of the National Institute for Policy and Strategic Studies (NIPPS) at the state house in Abuja, President Buhari blamed the Peoples Democratic Party (PDP) for Nigeria’s economic woes.
President Buhari said: “For 16 years and eight consecutive governments of the other party… there was unprecedented revenue realised, the oil projection which can be verified was 2.1 million barrels per day. From 1999-2015 the average cost of each Nigerian barrel of oil was $100 per barrel. “When we came it fell to less than $30 per barrel and is now between 40 and 50. Actually I felt like absconding because 27 out of 36 states in Nigeria cannot pay salaries and and we know they have no other source than to depend on salaries.”
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