#News : This Week's Sum up on Nigeria's #PresidentBuhari | Oby Oriji Blog

#News : This Week’s Sum up on Nigeria’s #PresidentBuhari

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Young people would be better off tilling the land to revive a dwindling economy, the president says.⁣ ⁣ President Muhammadu Buhari has reiterated that his administration is very keen on reviving the agriculture sector in order to meet local food demand; and diversify an economy that has been too reliant on crude oil proceeds.⁣ Some of the president's unpopular economic policies have included closing the borders to spur local rice production and starving importers of food staples of forex.⁣ ⁣ “I am restating that nobody importing food or fertilizer should be given foreign exchange from the Central Bank.⁣ ⁣ “We will not pay a kobo of our foreign reserves to import food or fertilizer. We will instead empower local farmers and producers,” Buhari said on Thursday, September 10.⁣ ⁣ The president has often harped on young people returning to the farms, as perennial fluctuations in the global oil market hits the nation’s economy hard.⁣ ⁣ His administration’s mantra has been “we have to consume what we produce and produce what we consume.”⁣ ⁣ ⁣ ⁣ The president returned to that subject this week. “We have a lot of able-bodied young people willing to work, and agriculture is the answer,” he added.⁣ ⁣ 'Lazy Nigerian youths'⁣ The president received a lot of flak in 2018 when he implied that young people in Nigeria are lazy.⁣ ⁣ Speaking at the Commonwealth Business Forum in Westminster on Wednesday, April 18, 2018, the president remarked that a lot of Nigerian youths wait on handouts from the government.⁣ ⁣ "More than 60 percent of the population is below 30, a lot of them haven't been to school and they are claiming that Nigeria has been an oil producing country, therefore, they should sit and do nothing, and get housing, healthcare, education free," he said.⁣ .⁣ .⁣ .⁣ LINK IN BIO to read the full article⁣ .⁣ .⁣ #PulseNigeria #PulseNews #Buhari #Nigeria

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Happy new week everyone.

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President Muhammadu Buhari on Monday said the COVID-19 pandemic has resulted in trying times, not just for the Nigerian people, but also for the government. The President said the country’s revenues and foreign exchange earnings have fallen by almost 60 percent since the pandemic took hold. Buhari’s remarks were delivered by Vice President Yemi Osinbajo at the start of the first-year Ministerial performance review retreat holding in Abuja. “For the government, it has been a particularly trying time,” Buhari said. “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 percent. “Yet we have had to sustain expenditures, especially on salaries and capital projects, in order to keep the economy going.” The pandemic forced many economies across the world to shut down, drastically reducing the demand for crude oil, Nigeria’s main export foreign exchange earner. The President said his administration adopted a N2.3 trillion economic sustainability plan to mitigate the effect of the economic slowdown. The plan, which consists of fiscal, monetary, and sectoral measures, is expected “to enhance local production, support businesses, retain and create jobs and provide succor to Nigerians, especially the most vulnerable.” “But we have also had to take some difficult decisions to stop unsustainable practices that were weighing the economy down,” he said. For more visit www.channelstv.com

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I am a 5'7" tall extrovert Igbo girl with restless hands. An obsessed writer, and the reason we are here. Email : Oriji.oby@gmail.com dealspotr.com

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