Whilst speaking at a meeting with the executive director of
the United Nations Population Fund (UNFPA) and under secretary-general of the
United Nations, Babatunde Osotimehin, at the state House Abuja today August 11th,
President Buhari said the sudden fall in oil price in the international market
has made Nigeria to become a poor country. In his words;
“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.”
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