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HomeTop NewsBuhari apologises for inflicting economic pain on Nigeria in eight years.

Buhari apologises for inflicting economic pain on Nigeria in eight years.

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President Muhammadu Buhari has apologized for the pain his economic policies inflicted on Nigerians during the eight years of his administration.

In his farewell broadcast to the nation on Sunday, President Buhari said he was aware that some of his government’s economic policies cause “temporary pain and suffering” to Nigerians.

According to him, the measures were taken for the overall good of the country, despite the fact that those decisions were difficult choices for his administration.

“In the course of revamping the economy, we made some difficult choices, most of which yielded the desired results,” the president said.

“Some of the measures led to temporary pain and suffering, for which I sincerely apologised to my fellow countrymen, but the measures were taken for the overall good of the country,” he said.

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He, however, reeled out some of his achievements despite the hardships he admitted that Nigerians passed through during his two terms of eight years in office.

“Mindful of the need to ensure adequate infrastructure to drive economic growth, we completed age-long projects and processes, notably the Petroleum Industry Act (PIA), some power projects, the second Niger Bridge, and various important roads linking cities and states.

“You will all recall the supply chain disruptions and economic downturn that the world witnessed between 2020 and 2022 as a result of the COVID-19 pandemic. The deftness of our response to the pandemic remains a global best practice.

“Furthermore, we increased the ability of the poor and rural Nigerians to earn a living, provided more food for millions in our villages, and gave our women opportunities to earn a living.

“Young men and women in urban centers were also supported to put their skills to productive use. Our administration also provided an enabling environment for the private sector to engage in businesses for which their return on investment is guaranteed.

“The private sector proved to be a strong partner in our drive to build a resilient and sustainable economy, as evidenced by the growing number of turn-key projects in various sectors of the economy,” the outgoing president said.

(omayowa@globalfinancialdigest.com; Newsroom: +234 8033 964 138)

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