President Muhammad Buhari dismissed his administration’s woeful economic indicators in an interview aired Wednesday, telling Nigerians they should embrace farming to solve the country’s myriads of economic challenges.
The president stated this in an interview with Channels TV. In the interview, the president disputed some of the economic indicators reeled out by the presenters showing how the Nigerian economy has deteriorated since he came to office in 2015.
In the interview, Mr Okinbaloye compared some of the key economic indicators between 2015 and 2021, explaining how the figures have kept Nigerians worried about the poor state of the economy.
“When you took over in 2015, our debt stock at the time was about 12 trillion, now it’s about 32 trillion. Inflation rate was about 9%, it’s now sitting at about 15%; unemployment rate was about 9.2%, it’s now at about 32.2%; exchange (rate) was about N197 to a dollar, now it’s way over 400 naira to a dollar. Now people would look back and say before you took over some of these indicators were fair, and now the figures are not friendly at all, “Okinbaloye asked.
But Mr Buhari responded by disputing the data reeled out by the journalist. “Well, I am not sure how correct your calculations are but all I know is that we have to allow people have access to the farm. We just have to go back to the land,” the president said.