Speaking at the State House in Abuja during a meeting with the Senior
Executive Course No 38 of the National Institute for Policy and
Strategic Studies, (NIPSS), he said that it was not his administration
that led the country into recession.
The president said: “In the last one and half years of this
administration, the economy has experienced some tough times,
particularly with the decline in oil revenues, which has some harsh
impacts on Nigerians at the grassroots.
“It is also important to note that the economic recession is not the
making of this administration, but rather a consequence of bad
management of the economy in the past couple of decades. Nor is
recession limited to Nigeria; there are far, far worse cases than
The president, however, said that no matter the scale of the problem
facing the country, the important thing was how to tackle it.
He said his administration was committed to finding lasting solutions to the nation’s economic structural imbalance.
“Let us have faith in our great nation that we will come out of this recession vibrant and strong,” he added.
The president said it was impossible for his administration to ignore
the poor who made great sacrifice to bring him to government.
He said: “Ours more than any other government in the history of Nigeria
is a people’s government. We therefore must and we will keep faith with