Oyegun Confesses: We Didn't Know Nigeria’s Economy Was This Bad

National Chairman of All Progressives Congress (APC), Chief John Odigie-Oyegun, has admitted that the party did not actually know Nigeria’s economy had deteriorated to the current disturbing extent when it took over government last year.

The ruling party boss who made the confession while speaking during a surprise bash organised by staff of the APC national secretariat in Abuja to celebrate his birthday, equally admitted that it has been very tough for many Nigerians.

While reassuring that within the arrangements in place, Nigeria will graduate from a mono-product economy, he stressed that though APC knew that things were bad in the country during the 2015 Presidential campaigns, it never knew how bad it really was.

His words: “It has been tough times for the nation. When we were campaigning, and it is necessary to continue to hammer on this part, we were not in government. We knew things were very bad, but we did not know they were as bad as we eventually found them and the revelations that come out everyday continue to buttress that fact.

“Nobody ever expected the price of crude oil to collapse in the way it has done, and one can only repeat what Mr. President said a few days ago. That, from being a nation that had an excess crude account, today because of the collapse of the price of crude, a lot of states of this country do not have enough resources to meet their basic functions, and responsibilities.

“That we would never again depend on a single crop whether it is oil, solid minerals or agriculture. The president is laying a single foundation, very solid foundation, for the take-off of this nation such that all the resources that God has endowed this nation with, whether it is in solid minerals or in agriculture. We can grow virtually anything in this nation of ours. We have been blessed with rich soil. “The Nigeria of tomorrow would be a Nigeria that produces, the Nigeria of tomorrow would be a Nigeria that can give employment to its youth. The Nigeria of the tomorrow would be a nation that would provide plentiful opportunities for its people; that is the Nigeria Buhari is presently constructing,” he assured.