President Muhammadu Buhari on Thursday said Nigeria has suddenly become a poor country as a result of the sharp drop in price of oil.
According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the United Nations Population Fund’s Executive Director and Under Secretary-General of the United Nations, Prof. Babatunde Osotimehin, at the Presidential Villa, Abuja.
Speaking at a meeting in Nigeria’s capital, Abuja, yesterday, Mr Buhari said:
“It has been a very difficult year for Nigeria. Before we came to office, petroleum sold for about $100 (£77) per barrel. Then it crashed to $37, and now oscillates between $40 and $45 per barrel.”