The Minister of Information and Culture, Alhaji Lai Mohammed, has listed three major things that happened in Nigeria when the current administration under President Muhammadu Buhari assumed office in 2015.
According to the minister, a huge part of the North East was under the effective occupation of Boko Haram, the economy had virtually collapsed and production went from about 2.1 million barrels per day to about half a million barrels a day.
Mohammed also hailed Buhari for steering the country in the right direction and returning its economy to the path of sustainable growth in spite of the huge challenges inherited by his government.
The Minister made the remarks in Abuja on Friday when he received a delegation from the African Union Development Agency-New Partnership for Africa’s Development (AUDA-NEPAD), which is in the country for the second peer review.
“We came into government in 2015 and by the time we came to government, three things happened, the impact of which we did not know. The first is that by the time we assumed office in 2015, a huge part of the North East was under the effective occupation of Boko Haram.
“When we came in in 2015, the economy had virtually collapsed. Oil prices crashed from a high of about $120 per barrel to about $28 a barrel. Production went from about 2.1 million barrels per day to about half a million barrels a day. These were the challenges we faced on day one when we came in,” he said.
Mohammed, therefore, urged the AUDA-NEPAD to always consider the particular challenges of a country while making conclusions on the governance structure for the peer review.
“While we can have some basic tenets of governance, governance is a bit peculiar to the locality, and the kind of challenges we face will determine to a large extent the mechanism we are going to use to resolve them.
“I look at Nigeria as an extremely interesting project, especially in the last six years. I think the kind of challenges we faced as a government coming in in 2015 till today will challenge the most resourceful persons,” he said.
The Minister hailed the governance style of President Buhari which, he said, is driven by experience, wisdom, tolerance, patience and listening to all shades of opinion in his effort to chart a new course for the country that has been plagued by numerous challenges.
While speaking on the economy, he said the President has diversified the economy as oil is no longer the driving force behind economic growth.
“In the area of economy, I am proud to say that we are not just in the process of diversifying the economy, we have diversified our economy because the last report (of the National Bureau of Statistics) showed that while the non-oil economy did very well, the oil-related economy did poorly.
“That after two quarters of recession, we were able to record 5.01% growth in GDP was not at all based on the oil economy but on the non-oil economy,” Alhaji Mohammed said.
Source – DailyPost