Teaching Comparative Government and Politics

Friday, June 26, 2015

Where'd it all go?

All that oil income? How can the nation be broke?

I Met Huge Debts, "Virtually Empty Treasury" - Buhari
President Muhammadu Buhari has painted a gloomy picture of the Nigeria his new government is battling to reshape, saying he met an almost empty treasury and huge debts left behind by his predecessor.

At a meeting with state house reporters Monday… the president said it was embarrassing that the situation has degenerated to a situation where federal and state government cannot pay their workers.

He decried the huge debts, empty treasury and the declining economy left by the previous administration, saying Nigeria should be in a better position than it is now…

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