President Muhammadu Buhari has blamed the current economic and security challenges being experienced in the country on decades of neglect and mismanagement of resources.
The President believes that if assets and resources available to the country had been properly managed in years past, it would have been a prosperous and peaceful nation.
He was quoted to have said this in a statement issued on Tuesday by the Senior Special Assistant to the President on Media and Publicity, Femi Adesina.
According to the statement, President Buhari made the remarks at the State House, Abuja, while receiving in audience the board of Ecobank Transactional Incorporated, led by the Group Chairman, Mr Emmanuel Ikazoboh.
Addressing the delegation, he, however, noted that despite the challenges, the government remains committed to the goals of securing the country, inclusive economic growth, and fighting corruption.
He also stressed that Nigeria was in a unique position as the most populous and resource-rich nation on the African continent, adding that the resources would be harnessed and properly managed, to engender a prosperous and peaceful country.
Speaking further, he said his administration had made progress in some areas such as agriculture, while stating that his government was determined to reverse the trend of squander-mania and mismanagement.
He, therefore, appealed to Ecobank Transnational Incorporated to “institute a special fund to develop agriculture, which will cement your legacy as a bank that helped to transform this region’s economic fortunes.”
President Buhari commended Ecobank for “being active in promoting financial inclusion”, noting that it is key to the government’s diversification agenda.
On requests by the bank for decongestion of the Apapa ports, and rebuilding of the transnational Lagos-Badagry-Seme road, the President results would be visible as he commences his second term.
“We are aware and are working in all those areas, and by the grace of God, you will start seeing results during my second term in office,” he said.