President Buhari
President Buhari

President Muhammadu Buhari on Thursday said Nigeria has suddenly become a poor country as a result of the sharp drop in price of oil.

He however said the prudent manner his administration had been handling the nation’s resources had made it impossible for people to know that there is severe shortage in the country.

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.

He said commitment to transparency and accountability was serving the government in good stead, despite severe shortage of resources in the country.

“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,” the President said.

Asking UNFPA to bear with Nigeria in whichever area the country could not live up to its responsibilities for now, Buhari said exploding population and different cultural practices in the country provide fertile ground for research to organisations like UNFPA.

The President thanked the UN agency for its commitment to saving lives in Nigeria, particularly of women and children.

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