- The presidency has finally admitted that they underestimated Nigeria's problems
- This was the submission of presidential spokesperson, Femi Adeshina
- Adeshina made the comment while speaking on a television show
Spokesperson to President Muhammadu Buhari, Mr Femi Adesina, has admitted that the presidency underestimated the problems facing Nigeria when they assumed office.
Adeshina made the comment while speaking as a guest on a television show ‘Seriously Speaking’, aired on Channels Television on Monday, November 28.
His words: “We all must agree that the enormity of the problem was underestimated. John Oyegun, chairman of the All Progressives Congress (APC), has said that; Segun Oni, former governor of Ekiti state, has said that, too.
“Whoever thought that Nigeria had been run into a hole like we have now seen? There was façade that made you feel that everything was okay with the country, but the country was in a hole.
“As of November 2014, the average income of Nigeria for a month was $3.2 billion. By June, July 2015, it dropped to $500 million.
“You couldn’t have foreseen that because nobody knew that the crash of oil price would have such effect and when the crash came, the next thing was to say: ‘Where are the savings?’ But we looked and found nothing. So, it was real trouble.”
Adeshina also encouraged Nigerians to trust the present administration, saying they mean well and are always sincere with their actions.
“This administration is not the type that will manipulate, that will twist issues, whatever you hear us say, just take it that we mean it. The good thing about the president is his integrity. He also means well.
“If you have your doubts about the captain of a ship and you run into a storm, you begin to panic. But if you know that this captain is tested, he is seasoned, and he will not abandon the ship, then you will stay with him.
“I will like to tell Nigerians that the captain of our ship, the president is someone who knows where he is going. He knows where he is steering the ship to. It may be tempestuous for now, we will get to a safe harbour,” he said.
This was the submission of Okechukwu Enelamah, minister for investment, trade and industry. Enelamah says the government is keen on attracting foreign investment.
Meanwhile, the Dangote Group has promised to support the federal government in exploring key sectors of the economy in order to towards cushion the effect of the recession.
In a statement signed by the chief corporate communication officer, Dangote Group, Anthony Chiejina, the group promised to explore opportunities opening up in agriculture, mining and infrastructure through partnership with the governments.
In a related development, major international magazines including Financial Times, Bloomberg and some others, in their recent publications strongly condemned President Buhari policies in solving Nigeria's crisis.
Bloomberg noted that Buhari’s rigid leadership style has made the country's economic problems harder to solve.