Nigerians are unfair to Buhari, says El-Rufai

Kaduna State Governor Nasir el-Rufai on Thursday stated that Nigerians were not being 
charitable for accusing President Muhammadu Buhari's administration of having 
impoverished them.

The governor was fielding questions from State House correspondents after a meeting
 of the National Economic Council presided over by Vice President Yemi Osinbajo.
He stated: "I have said we inherited a governmental structure that was based on the assumption that price of oil will remain $100 per barrel. By the time we took over, prices reduced to as low as $26 per barrel. 80% of government revenue depends on the price of oil and the quantity of oil sold.
"You must expect a cut in your consumption if the price collapses. If in your own household, your salary is slashed by 80 percent, what will you do? This is what Nigeria is going through. Our revenues have collapsed by about 40% to 60% if you compare it to say 2014.

"This collapse happened because there is a reduction in price of oil. Secondly, we were producing over two million barrels of oil per day but because of the situation in the Niger Delta, we are now producing about 1.1million barrels per day.

"It is therefore inevitable that there will be cut and pain. But to say that it is government that is doing it without referring to the cause, it is not fair." 

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Source : dailytrust


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