President Muhammadu Buhari on Thursday
disclosed that he almost absconded the office of the President of the
Federal Republic of Nigeria when he met almost an empty treasure on
resumption.
He said “I felt absconding from the country due to the economic challenges.. We inherited a badly managed economy”
He made the remark when NIPSS submitted a report to him at the Presidential Villa, Abuja.
Noting that daily oil production of 2.1 million barrels was recorded between 1999 and 2015, he said that there was virtually no savings on ground despite the huge income during the period.
Infrastructures, he said, were also in dilapidated states.
To make matter worse, he said that oil prices in the international
market, which sold for over $100 per barrel fell below $30 per barrel
under his tenure.
He said “I felt absconding from the country due to the economic challenges.. We inherited a badly managed economy”
He made the remark when NIPSS submitted a report to him at the Presidential Villa, Abuja.
Noting that daily oil production of 2.1 million barrels was recorded between 1999 and 2015, he said that there was virtually no savings on ground despite the huge income during the period.
Infrastructures, he said, were also in dilapidated states.
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