Crash in oil price has made Nigeria a Poor country over night - Buhari

President Muhammadu Buhari on Thursday said the sudden drop in the price of crude oil has left Nigeria poor, leaving it to struggle economically and the people of the country suffering.

He however said his administration’s commitment to transparency and accountability was serving the country in good stead, despite severe shortage of resources in the country.

The said this today at the State House, Abuja, while receiving the United Nations Population Fund (UNFPA) Executive Director and Under Secretary General of the United Nations, Prof Babatunde Osotimehin.


“It has been a very difficult year for Nigeria. Before we came to office, petroleum sold for about $100 per barrel.

Then it crashed to $37, and now oscillates between $40 and $45 per barrel. Suddenly, we’re a poor country, but commitment to transparency and accountability is not making people know that there is severe shortage,” Special Adviser on Media and Publicity, Femi Adesina, quoted the President as saying.