President Muhammadu Buhari has said, with regrets, that Nigeria does not have much to show for the 16 years oil sold above $100 per barrel.
The Peoples Democratic Party (PDP) was in power from 1999 to 2015, when former president Goodluck Jonathan defeated Buhari by a landslide victory in the presidential elections.
Buhari, while receiving the President of the International Civil Aviation Organisation (ICAO), Dr. Bernard Aliyu, at the State House, Abuja, said more enduring infrastructures were built in the First Republic with meager resources.
He said: “In the First Republic, more enduring infrastructures were built with meagre resources. But in the past 16 years, we made a lot of money without planning for the rainy day.
“We showed a lot of indiscipline in managing our economy, and that is why we are where we are today. But this time round, we’ll do our best.”
President Buhari stressed the urgent need to ensure that the potentials of Nigeria are harnessed and used for the good of the country.
He said “Nigeria needs to work on her potentials, so that we don’t remain permanently at the level of potentials.
“If Ethiopia is sustained largely by her airline, we have greater potentials here. But we must move out, engage the rest of the world, as we need to re-establish the integrity of this country.
“We need to rebuild this country again.”
In his remarks, Aliyu commended Buhari for strides on anti- corruption, and urged Nigeria to pay more attention to development of civil aviation.
The ICAO president, who is a Nigerian said, “Civil aviation is a catalyst for economic development.
The level of aviation development in any country mirrors the economic development of that country”.
Aliyu pledged to support the development of the aviation industry in Nigeria, urging the country to improve on training and capacity development, aviation security, aerodromes and air navigation, runways, control towers, terminal buildings, among others.