Abari said, “Happily, the country is broke, if we had lived a life of falsehood always guided by our crass appetite for consumption and lack of productivity because there was free money, now we are being confronted with the reality.”
Abari who stated this in an interview with Punch in Abuja, explained that the fall in oil prices and the disappearance of what he referred to as “free money” will engender a home-grown response to the nation’s economic problems.
He said Nigeria’s economic problem was not peculiar as other oil producing nations like Venezuela were also taking a hit but that Nigeria under the Buhari-led administration was handling it better.
“It is a global economic challenge and every country is being affected one way or another. Venezuela is an oil producing country like Nigeria; perhaps in terms of production quota in OPEC, it may even be producing higher than Nigeria. It is not even as populous as Nigeria is and you have seen what has become of it.
“Oil that used to be the source of money is no longer bringing in the money. We are beginning to show a sign that we are positively responding to the reality.”
He explained that the contribution of agriculture to the GDP was negligible in the last few years but that it had improved considerably under the current administration due to proactive measures.