page contents
Connect with us

Motherland News

Nigeria is broken and affected by economic downturn – Buhari tells UN

Published

on

President Muhammadu Buhari has reiterated that Nigeria as at now is a broken country that is affected by an economic downturn, hence the resolve by his government to diversify the economy.

Buhari was delivering his address at the ongoing United Nations General Assembly session in New York.

We continue to combat terrorism based on rules of engagement. With the federal government employing judicial tools to investigate human rights violations.

Africa’s most populous nation is battling three main issues, corruption, security and economy, the pillars president Buhari rode on to win the 2015 elections.

On the part of security, Buhari stated that ‘‘Nigeria had made remarkable progress in our resolve to defeat Boko Haram.’‘ The Nigerians army continues their counter insurgency against the group that had compromised security across most parts of the country’s north.

Beside Boko Haram, the army has also turned its attention to the militancy in the oil rich Niger Delta region, where attacks on oil installations continue to affect the output of oil production.

“We continue to combat terrorism based on rules of engagement. With the federal government employing judicial tools to investigate human rights violations,” Buhari added.

He also touched on the recovery of illicit financial assets stating that recovered funds were being channeled into development of critical infrastructure for the country. ‘‘Our efforts in fighting corruption has yielded positive results,’‘ he added.

Nigeria, Africa’s second largest economy, officially entered a state of economic recession for the first time in over 20 years. This came after current figures revealed that the economy contracted for a second consecutive quarter.

According to the Nigeria Bureau of Statistics, the country’s Gross Domestic Product (GDP) contracted by 2.06% in the second quarter. The GDP shrunk by 0.36%.

A recession is a period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

The cause of the slump is believed largely to be as a result of the slump of oil prices on the world market. That situation has been worsened by renewed insurgency in the Niger Delta region, the attacks on oil installations continue to disrupt production of oil in the region.

Motherland News

Tunisian President Beji Essebsi hospitalised.

Published

on

92-year-old Tunisian President Beji Caid Essebsi, has been hospitalised in a military hospital after suffering a “severe health crisis.”

This was disclosed by the presidency minutes ago.

More details available later,  as soon as they are realesd.

Continue Reading

Motherland News

Nigeria: Residents Cry For Help After Ilorin Flood

Published

on

According to reports, the area experienced a heavy downpour around 4pm on Wednesday which lasted for about three hours.

One of the victims, Mr Femi Olaoye, whose house was taken over by flood, said he was helpless as the water entered his siting room and kitchen.

“I was bitter and sad as there is nothing I could do to stop the flood from entering my house. It was only me and my two children at home. I wept bitterly to witness such terrible occurrence.

“All my electronics were damaged beyond repair. Even the bedroom has turned to swimming pool. I am confused,” 

Another resident, Mr Yusuf Taiwo said the flood came as a nightmare to him as his furniture, bookshelf and electronics were destroyed by the flood.

“Even some vital documents that I placed on the floor in my room have been destroyed by the flood.

Continue Reading

Facebook

Advertisement
Flag Counter
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved