Recession not limited to Nigeria Says President Buhari


President Muhammadu Buhari at the meeting that took place at the presidential villa in Abuja, on Thursday, November 3 mentioned again that economic recession is not limited to Nigeria alone because he is aware that other countries are also in a similar difficult situation and some far worse.

 He, however, emphasized  that the government is committed to finding lasting solutions to the nation’s economic issue. The  President, while speaking at the presidential parley with the Senior Executive Course No. 38 of the National Institute for Policy and Strategic Studies (NIPPS), touched on the sensitive subject of the Nigerian economic recession.

President Muhammadu Buhari said:

“In the last one and half years of this administration, the economy has experienced some tough times, particularly with the decline in oil revenues, which has some harsh impacts on Nigerians at the grass roots. It is also important to note that the economic recession is not the making of this administration, but rather a consequence of bad management of the economy in the past couple of decades. Nor is recession limited to Nigeria,there are far, far worse cases than Nigeria.”


The president once again criticized Goodluck Jonathan’s leadership and other previous administrations, for mismanagement that led to the current economic crisis in the country.

Nevertheless, President Buhari urged Nigerians citizens to have faith in the country, show a bold front and remember that the present government is searching for durable solutions to the nation’s economic situation.

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