My Government Is Not Responsible For Recession • Buhari Claps Back At Critics
President Muhammadu Buhari has clapped back at criticisms that the way his administration is handling the economy has led the country into a recession.
He however, admits that he almost resigned as President due to the enormity of the challenges in the country arising from the fall in the price of crude oil.
Speaking at the State House in Abuja yesterday during a meeting with the Senior Executive Course No 38 of the National Institute for Policy and Strategic Studies (NIPSS), Buhari said that it was not his administration that led the country into recession.
He said: “In the last one and a half years of this administration, the economy has experienced some tough times, particularly with the decline in oil revenues, which has had a harsh impact on Nigerians at the grassroots.
“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 the recession limited to Nigeria – there are far, far worse cases than Nigeria.”
The president, however, said that no matter the scale of the problems facing the country, the important thing now is how to tackle it. He said his administration was committed to finding lasting solutions to the nation’s economic structural imbalance.
“Let us have faith in our great nation that we will come out of this recession vibrant and strong,” he added.
The president said it was impossible for his administration to ignore the poor who made great sacrifices to bring him to government.
He said: “Ours is more than any other government in the history of Nigeria. Ours is a people’s government. We therefore must and we will keep faith with the people.
“It is not going to be easy, but we are committed to dealing with the challenges in a decisive manner,” he added.
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