Inauguration Update: Buhari Says Nigerian Economy Is In ”Deep Trouble”

Nigeria’s economy is in “deep trouble” and needs careful management to overcome the impact of low oil prices, slowing growth, high unemployment and the security threat from Islamist group Boko Haram, new President Muhammadu Buhari said on Friday.

In his inaugural address as leader, Buhari said the military would step up its offensive to crush Boko Haram, although no victory would be complete without the rescue of more than 200 girls kidnapped from a school in Chibok in April last year.

President Buhari seems to have taken a first shot on his intolerance to corruption when he avowed during his inauguration speech that he is for all Nigerians and not for any particular person or group of persons. He said” I belong to everybody, I belong to no body”

President Buhari who commended outgoing President, Goodluck Jonathan for his support during the transition programme said he has set a precedent for others to follow.

 He also commended the former president for conceding defeat during the general elections.Buhari vowed to restructure the local government system in the country in order to tackle existing corruption at the grassroots.

Muhammadu Buhari, a former presidential candidate from the opposition party, speaks at a forum on electoral reforms in Nigeria's capital territory Abuja

The President who said Boko Haram will be tackled headlong also announced the relocation of Defence Headquarters to Maiduguri, the Borno State capital.

He said the government would investigate the  immediate and remote causes of the movement, as well as their sponsors and their international connection.

Buhari also vowed to tackle the issue of epileptic power supply so Nigerians can be peaceful to themselves, even as he said his government would devise better ways to tackle unemployment in the country

Author: News Editor

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