Buhari Reveals Nigeria's Biggest Mistake Since Inception

President Muhammadu Buhari
 
President Muhammadu Buhari has revealed Nigeria's biggest mistake which has hindered its growth over the years. The president revealed that Nigeria’s over-reliance on oil is the biggest mistake the country has made. He however assured that his administration is already working on a way forward. 
 
The president revealed this during a speech on Wednesday before the outgoing Iranian ambassador to Nigeria, Mr. Saeed Koozechi.
 
He said: “We made a terrible mistake by becoming a mono-product economy hinged on oil and we are now in a volatile situation, due to the crash in oil prices.

“We have seen the benefits of diversification which helped Iran to survive many years of sanctions and still come out strong.

“We are now fully committed to economic diversification. Most of the things on our import bills can be produced here. And we are determined to achieve that self-dependency.”
 
President Buhari commended the outgoing ambassadors for their efforts to strengthen bilateral relations between Nigeria and their countries during their tenure in Abuja. He assured that his administration will do its best to make things work for Nigerians.

Comments

Post a Comment

ORDER FOR YOUR FABRICS AND ACCESSORIES. +2348066186964

ORDER FOR YOUR FABRICS AND ACCESSORIES. +2348066186964
Buy

Popular posts from this blog

(18+) No Pants Day: More Photos of Half-n*ked Girls Stunning Commuters by Stripping to Celebrate No Pants (Pictures+Video)

Image
In honour and celebration of the 'No Pants Day' many have turned out en mass almost stark n*ked teasing commuters as more and more people use the opportunity to have fun. Many turned out to celebrate the No Pant Day   Thousands of New Yorkers thought it was a hot thing Sunday to strip to their underwear during winter and ride on public transportation, along with pantless crowds in about 60 countries.  "I'm a no-pant virgin,"  declared a grinning Miguel Ramos amid New York's No Pants Subway Ride. It was the Mexican-born restaurant worker's first foray into the  "international celebration of silliness,"  as organizers billed it.     The laughter-filled ritual started in the largest U.S. city in 2002 and has expanded nationwide and overseas, from Atlanta, Chicago and Dallas to London, Berlin, Prague and Vienna.   It's coordinated by Improv Everywhere, a global flash mob.   New York participants were assigned person...
Read more

Teenager Faints After Brutal R*pe by 60-year-old Lagos Landlord

Image
ere was drama in the Fadeyi area of Lagos when a teenager collapsed from a brutal r*pe ordeal suffered in the hands of her parent's fetish landlord.   Racheal (pseudonym) gave residents a scare after she collapsed in the passage of her parents’ rented apartment in the Fadeyi area of Lagos State, according to the Punch. It was gathered that the 14-year-old girl almost died when she passed out a few minutes after being allegedly raped by her parents’ landlord, identified only as Christopher. The prompt response of residents of Fasanya Street, where the incident happened, however, averted a tragedy. A correspondent learnt that among those who came to her aid was Christopher, who pretended as if nothing happened between them. However, the landlord was said to have been arrested by policemen from the Alakara division after the victim confessed to her parents. Racheal, an indigene of Ugelu, Delta State, told Reporters that her ordeal started the day she ran an errand for the l...
Read more

School Bullies Humiliate, Beat-up and Strip Female Teenager in Public Over an Argument (Photos+Video)

Image
A group of reckless bullies have humiliated, beaten and stripped a fellow teenager in public while recording the act on camera. The students humiliating and beating the student in public   Another horrific bullying video has recently surfaced from China showing a group of teenagers beating and stripping a female student in public.   The teenage, a girl from the city of Hengshui in Anping County was filmed being savagely beaten by a group of several girls then stripped to her underwear, reports the People's Daily Online.   She was stripped and beaten mercilessly   The incident took place on January 21, but it wasn't until February 3 that the video went viral online. Since the footage was uploaded, all of the bullies have surrendered to the police.   Her clothes were removed forcefully and shamed   Three of the suspects have been named as Li, Jia, and Hou, aged 14, 13 and 16. According the report, they went to the police ...
Read more

#Football News: 7 Reasons Why Jose Mourinho is Bad For Manchester United

Image
  Jose Mourinho Jose Mourinho is going to be bad news for Manchester United. Oh, I'm sure he'll win matches. He's widely regarded as one of the best managers in the world, speaks five languages, and knows his onions. But in every other respect he's going to make the most irritating football club on the planet even worse. Because Jose is bad for football, full stop. 1. Image rights This is a man who in 2013 sold his autograph. Not an example of his signature, but his actual autograph. The thing he squiggles on cheques, in birthday cards, on his passport. For 10 years. Along with his face. To Roman Abramovich. Lots of footballers do the same in deals about their image rights, but what good has the sale of image rights done for the game? It's made it more expensive, the stars more arrogant, and the fans a little poorer. Someone who was good for football would try to make it less avaricious, and resist the lure of Lucifer's...
Read more

Chinese Woman Sent to Prison After Setting Lagos Hotel Ablaze to Kill Lover

Image
The chinese couple   While speaking at the Ebute-Meta Magistrate’s court sitting in Lagos state, a hotel attendant, Emeka Nwaegbo, has told the court that 47-year-old Chinese lady, Zhen Zhen attempted to kill her 41-year-old lover, Leo Feng, when she set Ernest Hotel in the Ikeja area of Lagos on fire.   At the resumed hearing of the case yesterday, Nwaegbo told the court that Zhen accused Feng of sleeping with her at the hotel on Allen Avenue, Ikeja, on July 4, without giving her food, which informed her decision.   According to a report by Punch, Nwaegbo told the court that the lovers were customers at the hotel, adding that Feng, who was indebted to the hotel, dropped his personal effects, including passport, to assure the management that he would pay his outstanding debts.   He said,  “At about 10.30pm, they both checked into the hotel. The man dropped his belt, money, passport and socks with the receptionist downstairs because they owed...
Read more