President Buhari says Nigeria's revenues have fallen almost 60%

[Melvin]

President Muhammadu Buhari announced the state of the country's foreign exchange earnings and revenue disclosing that nearly 60 per cent depreciation has been recorded since the pandemic began.

The President revealed this in his remarks on Monday, September 7, at the first-year ministerial performance review retreat which was delivered by his vice, Yemi Osinbajo at the State house in Abuja;

"For the government, it has been a particularly trying time. As a result of the poor fortunes of the oil sector, our revenues and foreign exchange earnings have fallen drastically. Our revenues have fallen by almost 60 per cent.

"Yet we have had to sustain expenditures, especially on salaries and capital projects, in order to keep the economy going", The President said.

The President also revealed that his administration adopted a N2.3trn sustainability plan to combact the effect of the pandemic on the economy.

 

[Peter]

President Muhammadu Buhari announced the state of the country's foreign exchange earnings and revenue disclosing that nearly 60 per cent depreciation has been recorded since the pandemic began.

The President revealed this in his remarks on Monday, September 7, at the first-year ministerial performance review retreat which was delivered by his vice, Yemi Osinbajo at the State house in Abuja;

"For the government, it has been a particularly trying time. As a result of the poor fortunes of the oil sector, our revenues and foreign exchange earnings have fallen drastically. Our revenues have fallen by almost 60 per cent.

"Yet we have had to sustain expenditures, especially on salaries and capital projects, in order to keep the economy going", The President said.

The President also revealed that his administration adopted a N2.3trn sustainability plan to combact the effect of the pandemic on the economy.

This our president is a theif

 

[Melvin]

Good day Peter lol I'd like to ask why you say so

 

[Adewale Stock]

Is this one even a president? He can't even read what he wrote

 

[Melvin]

Nawa o Buhari really has some haters in NSM News, well to me the only downside of his administration is the high cost of living other than that I think his ok as a President