President Muhammadu Buhari admitted that at a point after he was inaugurated in May 2015, he felt like running away from the Job.
He admitted to this while speaking to the 68 participants of Senior Executive Course 38 of the National Institute for Policy and Strategic Studies, Kuru and the institute’s management staff at the Presidential Villa, Abuja on Thursday.
He added that he would have taken the decision because of the myriad of problems his administration inherited from past governments.
The President said consecutive administrations since 1999 realised unprecedented resources because of the huge price of oil and the number of barrels being produced per day and yet the party in government during the period had nothing to show for it.
He said, “For 16 years and eight consecutive governments of the other party, you know that there was unprecedented revenue realised. Oil production which can be verified was 2.1 million barrels per day.”
“Between 1999 and 2015, the average cost of each Nigerian barrel of oil was $100 per barrel. When we came it fell to less $30 per barrel and is now hovering between $40 and $50.”
“Actually, I felt like absconding because 27 out of 36 states in Nigeria cannot pay salaries and we know they have no other source than to depend on salaries to pay rent and do other things.”
Buhari insisted that the economic recession currently being witnessed in the country was caused by the mismanagement of the nation’s economy in the past.
He however said regardless of the scale of the problem, the important thing was how one tackles it.
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