Suddenly, we’re a poor country because of the oil price crash – Buhari

President Muhammadu Buhari has said the crash in the oil price has suddenly made Nigeria poor.

President Buhari also regretted that the last one year had been very difficult for his administration.

He was speaking at the Aso Rock Presidential Villa in Abuja on Thursday while receiving the United Nations Population Fund (UNFPA) Executive Director and Under Secretary General of the United Nations, Professor Babatunde Osotimehin.

Buhari, however, said that despite severe shortage of resources, commitment to transparency and accountability was serving his government in good stead.

“It has been a very difficult year for Nigeria. Before we came to office, petroleum sold for about $100 per barrel. Then it crashed to $37, and now oscillates between $40 and $45 per barrel. Suddenly, we’re a poor country, but commitment to transparency and accountability is not making people know that there is severe shortage,” he said.

The Nation