President Muhammadu Buhari, has revealed that he almost absconded from his duties as President, because he never prepared to face the current level of economic challenges facing the country.
The President, stated this on Thursday, November 3, when he received the Executive Course 38 participants of the National Institute of Policy and Strategic Studies, NIPSS, Kuru, at the Presidential Villa, Abuja.
According to him, shortly after his inauguration, he felt like running away, when he was confronted with the level of the nation’s economic problems, inherited by his administration.
The President, also lamented that despite unprecedented resources at the disposal of successive administrations since 1999, the nation has nothing to show.
President Buhari said: “For 16 years, and eight consecutive governments of the other party, you know that there was unprecedented revenue realised. Oil production which can be verified, was 2.1 million barrels per day.
“Between 1999 and 2015, the average cost of each Nigerian barrel of oil was $100 per barrel. When we came, it fell to less $30 per barrel, and is now hovering between $40 and $50.
“Actually, I felt like absconding, because 27 out of 36 States in Nigeria cannot pay salaries, and we know they have no other source, than to depend on salaries to pay rent, and do other things.
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