SAN FRANCISCO, May 30, (THEWILL) – The Minister of Labour and Employment, Dr. Chris Ngige, on Monday revealed that he feels fulfilled despite the inability of the President Muhammadu Buhari administration to meet the expectations of Nigerians.
He told newsmen in Awka, the Anambra capital, that he will give the President a pass mark for his efforts since assuming office in May 29, 2015.
Ngige however urged Nigerians to be patient and have hope in the present administration, assuring that the federal government was committed to the development and welfare of the people.
“I feel fulfilled even though the expectations of Nigerians have not been met. I feel that President Buhari has scored a pass mark within the resources available; special circumstances of terrorism; militancy in Niger Delta; global oil price slash; and low oil output,” he said.
He continued that within the last two years, the Buhari administration has eliminated Boko Haram terrorism, reduced corruption, managed the economy and ensured the welfare of citizens as guaranteed in section 14 of the Constitution.
The minister claimed that those who are complaining are doing so because there is no free flow of money anymore, no leakages for corrupt people to take money and go and spend.
“People are complaining that the price of food has gone up. Yes, these things you should expect when you do what is called a shock therapy on any economy or system of government.
“Nigeria was producing 2.2 million barrel a day as per OPEC quota but for most part of 2016, at least for three quarters of 2016, we were producing 1.2 million barrels and the prices fell from 100 Dollars per barrel to 35 Dollars per barrel.
“Unfortunately, recession had to creep in because it is one of the fallouts of a very badly managed economy that is dependent and based on only oil,” he said.
Ngige maintained that the federal government’s effort to combat recession was yielding results in the area of agriculture and mining among others.
According to him, “I am happy to tell you that with the statistics we have got now, Nigeria’s economy is no longer contracting.
“It is growing and by the predictions of economists, members of the economic team and CBN as well as that of the World Bank, Nigeria will come out of recession by the third quarter.”
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