President Muhammadu Buhari on Tuesday
blamed the harsh economic situation currently faced by Nigerians on the
mistakes the country made in the past.
Buhari noted that though the country was
blessed with numerous resources, it allowed herself to be confined to a
mono economy by paying too much attention on petroleum to the detriment
of viable cash crops like cocoa, groundnut, palm oil, palm kernel and
hides and skin.
The President spoke shortly after
inaugurating the Edo University, Iyamho in the Etsako West Local
Government Area of Edo State as part of his two-day official visit to
the state.
He also took a tour of the facilities,
including the administrative complex and the Faculty of Science building
of the institution, which are named after him.
He was accompanied by Governor Adams
Oshiomhole; his Lagos State counterpart, Mr. Akinwumi Ambode; the
National Chairman of the All Progressives Congress, Chief John
Odigie-Oyegun; the Governor-elect, Edo State, Godwin Obaseki; and
officials of the Federal Government.
Buhari said, “We are blessed with human
and material resources. We have made terrible mistakes in allowing
ourselves to be cornered into a mono economy and we are now paying
dearly for our mistakes.
“Nigeria saved the money from cocoa,
palm oil, palm kernel, groundnut, hides and skin and even started the
professional development of petroleum.
“Once petroleum was discovered and
developed in quantity, we threw everything to the dogs. Now, petroleum
is diving from an average of $100 per barrel in the last 12 years to
between $40 and $50 and we are paying for it.
“What have we done to our infrastructure
– power, rail, road and social infrastructure, education and health?
Just check and find out. We became very wasteful.”
The President, however, stressed the
need for all Nigerians to work together towards reviving the solid
minerals sector, reiterating his administration’s commitment to
providing security, improving the economy and fighting corruption to
ensure a better future for the country.
He said, “Now, we have to go back to the
land, to solid minerals, and do a lot of savings so that we can leave a
better country for our children and our grandchildren.
“For those of us who are here and that
have constituencies, please continue to persuade your colleagues to bear
with the leadership of this country at all levels because this is a
time of hard work. This is a time of rebuilding Nigeria.
“We are pleased that people understand
gradually what we are here for and what we stand for. We emphasise three
things – security, economy and fighting corruption.
“There was no infrastructure, and that
coupled with hunger, I think it’s a big recipe for disaster. We thank
God for saving us from that disaster.”
He also congratulated Oshiomhole for his
foresight in contributing, not only to the development of quality
infrastructure in Edo, but also to promoting national development.
Oshiomhole explained that the idea of
the new university followed the state government’s desire to establish
an institution which had its own life and was capable of competing
favourably with its foreign counterparts.
He noted that while previous
administrations had indirectly privatised primary and secondary
education, when it failed to build standard schools, his administration
believed in finishing well.
Oshiomhole said in order to accommodate
the poor among the students, the management of the new university had
provided grants to subsidise fees in the institution.
The governor stated, “We give grants to those who need it and economy fee for those who can afford it.”
“We decided to move away from the
tradition, where the government subsidises education for the rich just
as much as we subsidise for the children of the poor. We will not pay
subsidy for children of the rich.
“The state government will pay for those
who need government support. We will give subsidy to those who need it.
That is how we can sustain a university system that will not
perpetually depend on government financing.
The governor described the President’s
visit as a “generous honour” on him, especially ahead of his handover to
his successor on Friday.
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