On a working visit to Zamfara state, president Muhammadu Buhari reminded Nigerians that the era of free money is over.
He added that Nigerians have to return to the farms, considering dwindling oil revenues.
“There is no easy money to throw around, we must go back to farming, livestock rearing so that we could develop the industries, we must put our hands on deck to ensure the success of our mission in re-engineering Nigeria,” he said.
“If efforts were made in the past to diversify the economy from our absolute reliance on a single commodity, we would not have found ourselves in our current situation . I assure all Nigerians that the grim economic situation is a passing phase which all societies go through.”
Buhari commended the security agencies for their work in curtailing the insurgency in the north and promised that the militancy in the Niger Delta will soon be a thing of the past.
He also said monetary and macro-economic policies by the CBN will soon begin to bear fruit.
“Our security situation is improving, not only in the north east, but all over the country. We are confident that our macro economic policies as well as the monetary policies being implemented by the CBN will lead to the revitalization of the industries and steady growth in significant sectors of the economy,” Buhari said.
“Our commitment to secure the country has already started yielding results as noted by the governor that for the first time since Boko Haram insurgency began in the northeast seven years ago, the people of Borno State celebrated the Eid-el-Fitri with ease, devoid of any security barricades.
“Let me use this occasion to reiterate that government is determined to, more than ever before, deal decisively with any threat to security of this nation from any quarters.”