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

Girls Flash Their Breasts for 100 Dollars in the Street (Photo+Video)

Image
The girls were tricked into flashing their breasts for $100    A prankster has shared hilarious video of girls flashing their boobs for $100. The video which was uploaded on YouTube channel called PrankGenerator shows the host asking a lot of ladies in the street to show their boobs on camera for $100.      Although some were shy, they agreed but to their surprise, the money wasn't real and the whole thing was a set up prank. Some of the girls were pissed after learning of the trick. However, it was just a funny way to cool off the heat for many.   Watch video below:  
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 station with their pa
Read more

15-Year-old Teenage Girl Caught Willinging Having S*x with 25 Boys in School Toilet

Image
William Scott has been charged by the police for sharing the clip on his Snapchat   A shocking video has been circulated on Snapchat by a 16-year-old boy identified as William Scott showing a girl willingly having s*x with 25 boys in her school toilet.   The randy lads were filmed on the school's security camera system trailing in and out of the loos and even recorded the incident on Snapchat, Dailystar reports.   School staff were shocked to discover that the 15-year-old girl was not forced into the act rather she willingly allowed the boys to have s*x with her as they took turns.   Local news station Fox4 reports many people in Lee County, Flordia, where the alleged incident took place, have been left shocked.   Eric Struble, a dad of two 15-year-old girls at the school, was asked for a reaction to the allegations. He said:  "Shock. Disbelief. Concern. Sad. "   The girl allegedly admitted to having sex with multiple male students in the bat
Read more

FUNAAB Staff Fry 'Akara' as Students Curse Their VC with Posters Following His Suspension (Photos)

Image
Students and staff of the Federal University of Agriculture Abeokuta are happy following the suspension of their VC   Staff and students of the Federal University of Agriculture Abeokuta (FUNAAB) were elated following news that their embattled Vice chancellor, Prof. Olusola Oyewole has been suspended by the Federal Government as a result of series of petitions bothering on alleged mal-administration and financial malpractices.   The staff openly fried akara (bean cake) in the field to celebrate the exit of the embattled VC. The students on their part had posters with very bad words describing and cursing the VC.     The symbolic activity of frying 'akara' in Yoruba culture is done to celebrate the passage of a dead one.   As at 11.00am the open grounds had both the Non-Academic union, the senior civil workers' arm of the university and the association of technologists ready to throw elaborate party after the new of the suspension broke. The students
Read more

South Sudan's Minister for Water and Irrigation Whose Dressing, Swagger & Lifestyle is Epic

Image
Mabior Garang de Mabior   Mabior Garang de Mabior, who is the son of late Sudan People's Liberation Army's iconic leader, Dr. John Garang de Mabior, is the newly appointed Minister of Water and Irrigation in South Sudan's transitional federal government.   The stylish young man who is known to have street credibility, was allegedly ejected from the first cabinet meeting in May 2016 over his poor dressing.   Below are mor photos of the honourable minister;  
Read more

Richest Woman in Nigeria Celebrates Her 40th Wedding Anniversary

Image
Mrs. Folorunsho Alakija and her husband   Africa’s second richest woman, Mrs. Folorunsho Alakija, the Chief Executive Officer of Famfa Oil, turned 65 years of age last Friday, July 15, 2016. The Oil magnate rolled out drums to celebrate her new age and also used the occasion to mark her 40th wedding anniversary. The church service for the two joyous occasions was the Cathedral Church of Christ, Marina, Lagos and the reception was held at Oriental Hotels, Victoria Island, Lagos.   See photos:          
Read more

Read the Interesting Things Nigerian Corpers Did With Condoms in Ondo (Photos)

Image
Nigerian youths serving in Ondo state were involved in an orientation programme on s*x and protection from STDs which has been on the rise in a rural area. The corpers during the orientation exercise   The Corp members of Ijare and Irese under Ifedore local government, Ondo state, under the supervision of Miss Ogunsola (LGI), today en mass trooped out to sensitise the people of Irese about the danger and risk of having unprotected s*x and teenage pregnancy. Reports have it that It came to the notice of the youths observing thier National Youth Service Corp Programme in the South-west state that almost all the teenage girls in Irese town are either pregnant or don't have an idea of the risk behind teenage pregnancy.   We took it upon us as our weekly CDS today to go and educate the teenagers on the risk behind having teenage pregnancy and unprotected s*x. It was all a success as the people of Irese turned out in mass, to be educated by Corp me
Read more