Nigerians Are Suffering Because Of Past Mistakes –Buhari

By Ikenga Chronicles November 8, 2016

Nigerians Are Suffering Because Of Past Mistakes  –Buhari

President Muhammadu Buhari on Tuesday harped on the need for the various ethnic nationalities of the country to remain united irrespective of the challenges facing it.

He noted that the nation had made terrible mistakes in the past due to her dependence on oil as a mono economic booster for sustenance and therefore the citizens are now paying dearly for such mistakes and failure by past leaders.

Speaking shortly after he performed the commissioning ceremony of the Edo State University, Iyahmo, in Etsako West Council Area of the state to end his two-day official visit to Edo State, the President explained that Nigeria before was reputed for earning a large chunk of her foreign exchange from the export of cocoa, palm kernels, groundnuts, hides and skins and the professional development of petroleum.

He lamented that the nation’s woes began the moment petroleum was discovered and developed in large quantities and the consequent abandonment of every other sector of the economy to the peril of the country’s growth and development.

He said: “Once petroleum was discovered and developed in large quantities we threw everything to the dust. Now petroleum is diving from $100 to between $40 and $50 per barrel and that is the price we are paying now. What have we done to our agriculture, power, rail, road and social infrastructure; education and health, just check and find out. We have been wasteful, now we have to go back to the land, to solid minerals and do a lot of savings so that we can leave a better country for our children and our grand-children.”

He explained that democratic system of government remains the best for the country, adding that in a country of at least 250 cultures and people where some groups and individuals cannot believe in their nationality it is not easy to come together, only God can do it.

“We are doing our best because we find ourselves to be part of this great country called Nigeria. We are blessed with human and material resources, we have made terrible mistakes in allowing ourselves to be cornered in a mono economy and we are now paying dearly for our mistakes.”

‘’Nigeria saved its money from cocoa, palm oil, palm kernels, groundnuts, hides and skins and to even the professional development of petroleum. Once petroleum was discovered and developed in quantity we threw everything to the dust,” he said.

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