President Muhammadu Buhari on Monday said the indiscipline of the Peoples Democratic Party to effectively manage Nigeria’s economy has led to the prevalent harsh economic conditions.
Buhari said the party, while it held sway for 16 years, failed to plan for the rainy day despite high revenue from oil.
The President made the comments at the Presidential Villa while receiving the President of the International Civil Aviation Organisation (ICAO), Dr Bernard O. Aliyu.
A statement was released to this effect by the Special Adviser on Media and Publicity, Femi Adesina.
“In the First Republic, more enduring infrastructure was built with meagre resources. But in the past 16 years, we made a lot of money without planning for the rainy day.”
“We showed a lot of indiscipline in managing our economy, and that is why we are where we are today. But this time round, we’ll do our best.”
“Nigeria needs to work on her potentials, so that we don’t remain permanently at the level of potentials.”
“If Ethiopia is sustained largely by her airline industry, we have greater potentials here. But we must move out, engage with the rest of the world, as we need to re-establish the integrity of this country. We need to rebuild this country again.”
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