Buhari: How We’ll Revive Nigeria’s Battered Economy

By Bidemi Olubunmi –

President Muhammadu Buhari has admitted his administration has an enormous task to revive Nigeria’s battered economy.

Buhari, while delivering his inaugural speech shortly after his swearing-in as President of the Federal Republic of Nigeria on Friday, 29 May, 2015 in Abuja, said the fastest route to revamping the country’s ailing economy is for Nigerians to work in harmony.

“My appeal for unity is predicated on the seriousness of the legacy we are getting into. With depleted foreign reserves, falling oil prices, leakages and debts the Nigerian economy is in deep trouble and will require careful management to bring it round”, Buhari said.

His Excellency stressed his government must tackle the immediate challenges confronting the country namely; Boko Haram, the Niger Delta situation, the power shortages and unemployment, especially among young people.

“For the longer term, we have to improve the standards of our education. We have to look at the whole field of medicare. We have to upgrade our dilapidated physical infrastructure”, he stated.

Buhari, however reasoned that no matter how well organized the governments of the federation are, they cannot succeed without the support, understanding and cooperation of labour unions, organized private sector, the press and civil society organizations.

“I appeal to employers and workers alike to unite in raising productivity so that everybody will have the opportunity to share in increased prosperity.

“The Nigerian press is the most vibrant in Africa. My appeal to the media today, and this includes the social media, is to exercise its considerable powers with responsibility and patriotism”.


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