The fact that Nigeria’s economy is in crisis has been admitted by the President, Major General Muhammadu Buhari (retd.), claiming the situation is the same with every economy of the world.
According to The Punch Buhari disclosed this development in his nationwide broadcast to mark the nation’s 60th independence.
Apart from thre crisis stricken economy of Nigeria, the President also admitted the various security challenges affecting parts of the country.
In his words, “Today, I am aware that our economy along with every single economy in the world is in crisis.
“We still face security challenges in parts of the country, while our society suffers from a high loss of moral rectitude which is driven by unbridled craving for political control.
“An underlying cause of most of the problems we have faced as a nation is our consistent harping on artificially contrived fault-lines that we have harboured and allowed unnecessarily to fester.
“In addition, institutions such as civil service, police, the judiciary, the military all suffered from a general decline.
“We need to begin a sincere process of national healing and this anniversary presents a genuine opportunity to eliminate old and outworn perceptions that are always put to test in the lie they always are.
“The stereotype of thinking of ourselves as coming from one part of the country before seeing ourselves as Nigerians is a key starting point to project us on the road to our deserved nation’s evolution and integration.”
