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President Muhammadu Buhari, on Independence, admitted that there is no easy solution to myriads of problems bedeviling the nation.

In a nationwide broadcast to commemorate the country’s 56th Independence Day anniversary, the President, however, assured Nigerians that his administration was pursuing the solutions available to it with a view to re-positioning the country.

Buhari said it was normal for countries to face ups and downs, while attributing the economic recession in the country to a shortage of foreign exchange and violence by the Niger Delta militants.

According to him, the problems are temporary.

He said, “The recession has been brought about by a critical shortage of foreign exchange. Oil price dropped from an average of $100 per barrel over the last decade to an average of $40 per barrel this year and last.

“Worse still, the damage perpetrated by Niger Delta thugs on pipelines reduced Nigeria’s production to below one million barrels per day against the normal 2.2 million barrels per day. Consequently, the naira is at its weakest, but the situation will stabilise.

“But this is only temporary. Historically, about half of our dollar export earnings went to importation of petroleum products and food. Nothing was saved for a rainy day during the periods of prosperity. We are now reaping the whirlwinds of corruption, recklessness and impunity.

“There are no easy solutions, but there are solutions nonetheless. The government is pursuing them in earnest. We are to repair our four refineries so that Nigeria can produce most of our petrol requirements locally, pending the coming on stream of new refineries. That way, we will save $10bn yearly.”

35 COMMENTS

  1. Foolish President.
    Initially i know you didn’t know anything you’re just a cow-brained Hausad man.

    For your help; the only solution to Nigeria and it Economic down fall is just for you to LEGALISE gay marriage….
    Pls kindly send a HOMOSEXUAL/Gender equality Bill to The NASS and urge them to enforce the bill into law.
    If they refused then you’ll forcefully approve it and you’ll started seeing how Americans, European,Asian company will invest in Nigeria and rate of unemployment will be 0%……because no gay can be left unemploy never all gays are rich.

    Proudly gays.
    I am a #gay right activist

  2. Oga there’s many things that can be done. Cut down salaries starting from you to all the senators and ministers to governors, into half and stop all allowances . Then you would see d magic that follows.

  3. There is only just 1 easy solution? Annnnnndd… Is 4 u 2 get ur old ass off dat presidential seat sinx ur not reliable n fit 2 rule us… Let young vibrant men with active brain come rule us.. I’m so sick of these old men ruling us n taking us back d 80’s..

  4. Says hu?d presidiot?Haba!Its d easiest thing on earth.Just stop all that should be done and focussss on one thing .Pronto ,u are there.#Start and continue ….#Blame,blame and keep blaming.That’s it.Getting serious now,dissolve your daura cabinet and reconstitute a national cabinet with brains.

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