President Muhammadu Buhari has said that Nigeria is erroneously being regarded as a rich country, stating that the requirements of evaluating a rich country such as economic advancement, improved social services were grossly lacking.
Buhari said this while he hosted the outgoing President of the African Development Bank (AfDB) Dr. Donald Kaberuka and other officials of the bank. According to him: “With the shock of falling oil prices, lack of revenues, and insecurity, the Nigerian elites must now wake up and provide the right guidance in their communities, and also lead the economy on the right path more than they used to do.”
“An impression has been erroneously created that we are a rich country but looking at the economic profile of the country today, you will see that that is not necessarily the case. Our social services have to be seriously rehabilitated. We need urgent attention on areas like education and health services, not only in the north eastern part of the country, but all round the country,” the President said, in a statement issued by his spokesperson, Femi Adesina.
President Buhari also told Kaberuka that his administration will welcome more support from the AfDB in matters of vital projects in versatile sectors like agriculture that can easily be explored to create more jobs for unemployed Nigerians.
“We will fall back on institutions like the AfDB for support in generating employment. We have vast potentials in the agricultural sector that can be explored to create more jobs. We also have small businesses that need funds for expansion,” President Buhari added.
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