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Oil revenue inadequate for Nigeria’s needs – Buhari

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By Buchi James


President Muhammadu Buhari has stated that the revenue that accrues to Nigeria from oil which is the major contributor to the Nigerian economy is not adequate to tackle the plethora of problems
bedeviling the country. According to a statement by his spokesman, Femi Adesina, Buhari stated while receiving in farewell audience, the Cuban Ambassador to Nigeria, Carlos Trejo Sosa that Nigeria’s oil earnings are insignificant. His words: “Nigeria is rich in petroleum resources, but

the challenges confronting the country are so enormous as to render the oil earnings insignificant”. Buhari expressed satisfaction with the relations between Cuba and Nigeria, particularly Cuba’s immense support to Nigeria in the area of health care and transfer of knowledge, among others. “We have deficit in infrastructure, in education, health care and many other areas, but Cuba has always been helpful. What we earn from oil does not meet our needs, and we can use any assistance we get. Cuba has always been friendly and helpful,” the president said. The Nigerian leader noted that whether in uniform or out of it, he had always been glad to collaborate with Cuba, and hoped relations between the two countries will wax stronger. In his remarks, the outgoing Cuban Ambassador to Nigeria, Ambassador Carlos Trejo Sosa stated that his five years and nine days in Nigeria were filled with “warmth, love and friendship,” adding that he would never forget the country. His words: “I am not just being polite, I mean every word. We appreciate Nigeria a great deal.”

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