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.
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.”