President Buhari says in spite the oil boom a couple years back, the past administration failed to save for the rainy day. According to The Nation, President Buhari said this while speaking at the opening of the 12th All Nigeria Editors' Conference (ANEC) 2016 in Rivers state yesterday August 4th. He was represented by the Minister of Information and Culture, Lai Mohammed.

He said:
"Nigeria has nothing to rely on to cushion the effects of the lost earnings. Many other oil producing countries and fellow Organisation of Petroleum Exporting Countries (OPEC) members are faring better, because they saved for the rainy day
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