BAD NEWS: ‎Era of free money is over, says Buhari

The era of free money is over, President Muhammadu Buhari said on Wednesday in Zamfara state.

He was speaking during a one-day working visit.

He also said the security situation in Nigeria is improving, despite the situation in the Niger Delta.

“There is no easy money to throw around, we must go back to farming, livestock rearing so that we could develop the industries, we must co,leftovers put our hands on deck to ensure success,of our mission in engineering Nigeria,” he said.‎

“If efforts were made in the past to diversify the economy from our absolute reliance on a single commodity, we would not have found ourselves in our current situation . I assure all Nigerians that the grim economic situations are passing phase which all societies go through.”

The president also assured Nigerians that his government would “deal decisively” with any threat posed to the nation.

Buhari reiterated his confidence in the capability of Nigerian security agencies to deal with all forms of terrorism in any part of the country.

Buhari noted that the federal government, through its micro economic and monetary policies of the central bank, would soon revitalise the nation’s economic sector.

“Our security situation is improving, not only in the north east, but all over the country. We are confident that our macro economic policies as well as the monetary policies being implemented by the CBN will lead to the revitalization of the industries and steady growth in significant sectors of the economy,” Buhari said.

“Our commitment to secure the country has already started yielding results as noted by the governor that for the first time since Boko Haram insurgency began in the northeast seven years ago, the people of Borno State celebrated the Eid-el-Fitri with ease, devoid of any security barricades.

“Let me use this occasion to reiterate that government is determined to, more than ever before, deal decisively with any threat to security of this nation from any quarters.”