Presidential spokesman, Garba Shehu, has said President Muhammadu Buhari’s administration is being affected by bad luck.
He said “In addition to hard work, all leaders need luck on their side to create what is sometimes seen as economic miracles. As leader, President Buhari never had the luxury of high oil prices as did his predecessors in office.
“When he first emerged as the military Head of State, General Muhammadu Buhari saw oil price, the mainstay of the nation’s economy sank to as low eight Dollars a barrel.
“He rolled up his sleeves, worked on diversification strategy of the economy only to be eased out of power just as they began to take hold. Thereafter, his successors abandoned these efforts.
“On his second coming, this time as a democratically elected leader, the collapse of oil prices has challenged President Buhari to quicken efforts towards the diversification of the economy with emphasis given to agriculture and solid minerals mining.
“Every crisis, it is said, is an opportunity. Not so in Nigeria. This is a county that inherited massive technological inventions from Biafra, yet failed to take it forward. We must not lose this opportunity to diversify the economy and our foreign earnings presented by the present oil crisis.
“As the country hopes for a bumper harvest this year, government is taking steps to ensure that no farmer will sell at a loss or fail to find markets for their harvests. Grain silos are being readied nationwide to receive excess produce for warehousing to ensure food security, avert market glut and price collapse. By this, government will ensure a minimum guaranteed price.”
Shehu, while responding to various comments from Nigerians, about the way the President is handling the economy, said Nigerians are being unfair to Buhari by criticising him.
The Ekiti state Governor, Ayo Fayose said Nigeria is in the hands of bad mangers, who have no clue on how to improve the economy.
According to Shehu, Buhari has recorded some victories in the fight against Boko Haram and corruption, which he says has earned Nigeria international respect.
According to him, “Unfair criticism of the Buhari administration especially on account of escalating prices of foodstuff and the liberalization of the currency exchange needs to be challenged before it overshadows the commendable job the President has done in fighting terrorism as part of overall effort to secure the country, reducing corruption and yes, arresting the economic slide before it sinks the nation.
“It is a proud moment for many citizens that the country is being perceived differently now that it has a different kind of leader creating a positive buss abroad, the kind of sentiment that can lead to foreign investments when properly capitalized upon.
“Wherever they go these days, in London, Dubai, Beijing, Washington, New York or Tokyo, Nigerians get the good feeling of being asked the question, how is President Muhammadu Buhari?”
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