The Minister of Budget and National Planning,
Udoma Udo Udoma, yesterday said the Buhari-led administration is not
responsible for the current economic downturn. Speaking to state house
correspondents at the end of the National Economic Council, NEC, Udoma said;
“We did not and are not
responsible for the current economic situation we find ourselves. We are
actually a rescue team, a team working to rescue Nigeria from the position we
find ourselves in.
Under President Buhari, we are determined to take Nigeria out
of the situation. The situation started long before we came. As you know, oil
price started falling from 2014 when it was about $110 and by January this
year, it was below $30. Unfortunately, they did not save. We are determined to
take Nigeria from a consuming nation to a producing nation. That is why we are
developing an economy recovery plan and that is our focus. We are committed to
success.”
He disclosed that part of the rescue measures the government
intends to adopt is to cut down on the retinue of political aides, size of
their convoys, local and foreign trips amongst others.
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