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Falling oil price no cause for alarm – Buhari

By on December 29, 2015

President Muhammadu Buhari has given an assurance that by blocking all leakages in revenue generation and eliminating wastes, the country will generate enough revenue to finance the N6 trillion budget he submitted to the National Assembly.

The pr‎esident spoke in an interview with Mansur Liman of the BBC Hausa service on Christmas eve.
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The president said: ‎ “As a government, we inherited N1.5 trillion domestic debt and when foreign debt is added we have about N2.2 trillion. Everybody knows Nigeria is not a poor country, we are rich, and we have human resources, the problem had been that leadership did not take seriously, curbing corrupt tendencies.

“Apart from highlighting our debt profile, we have also shown the changes we have made in the Customs for instance, how; much we are making from the Customs service, how much from petroleum, that is NNPC; how much we are making from the ports. There have been lots of leakages in these sectors. If we block these leakages, we would make much more money to run the country despite the fall in the price of oil.”

The president‎ said he believed that once those who were at the helms of affairs in revenue generating institutions shunned corrupt acts those working under them would follow suit.

 

[ThisDay]