My government not responsible for Nigeria’s economic recession – Buhari

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My government not responsible for Nigeria’s economic recession – Buhari

President Muhammadu Buhari has dismissed insinuation in certain quarters that his administration is responsible for the current economic recession ravaging the country.

Speaking in Abuja, Buhari who insisted that his administration did not lead Nigeria into recession again blamed the current economic challenges on the mismanagement of the past governments.

Recall that Buhari had earlier in the year accused past administrations of the Peoples Democratic Party, PDP, of been responsible for Nigeria’s current situation.


He stressed that no matter the scale of the problems facing the country, the important thing was how to tackle the current challenges.

According to the President, his administration was committed to resolving the current economic woes.

Buhari 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.


“Let us have faith in our great nation that we will come out of this recession vibrant and strong.”

Assuring that his government will not ignore poor Nigerians who sacrificed to make him President, Buhari declared his government’s commitment to the Sustainable Development Goals, most especially to end extreme poverty in the country.

“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.