Economic Recession Will Subside Soon – President Buhari Promises

President Muhammadu Buhari has said that the Federal Government  was making relentless efforts to end the economic recession ravaging the country and assured that the hardship would soon vanish.

He said this during the 42nd convocation ceremony for a total 6,827 graduates of Obafemi Awolowo University (OAU), Ile-Ife.

Buhari who was represented by the Executive Secretary of the National University Commission (NUC), Professor Adamu Rasheed, explained that the Federal Government has put necessary measures in place to end recession and sought cooperation of Nigerians to succeed.

He said, “There is no gainsaying that we live in challenging times. Nigeria is not exempted from the political, security and economic upheavals going on, worldwide.

“We have been making good progress, particularly on security issues, and we are relentless in our efforts to ensure that this economic recession is a very temporary experience in our national life. I am firmly convinced that with the measures being put in place and the cooperation of all Nigerians, it will soon be a thing of the past.

“This administration is committed to ensuring that as a nation, we are self-sufficient in food staples and thereof no longer dependent on food importation by 2019. Foreign exchange saved in the process will be channelled into reviving our industries, enhancing the hydrology and ecology of the Lake Chad Basin, improving our power generation nd distribution infrastructure and completing all the abandoned rural electrification projects nationwide, among other things.”