President Muhammadu Buhari has said the present recession is as a result of cumulative effects of worldwide economic downturn and failure in the past to plan and save for difficult times. He also said that the country will soon get the economy right.

The president made the observation on Monday while delivering his Eid message to Nigerians.

Buhari said, “It is impossible to separate the present from the past to appreciate the extent to which mistakes of the past are affecting everyday life today.

“I assure you that this administration is working round the clock to remove the hardships the country is going through.

“Rail and road constructions, projects in the housing sector, support for farmers and for small and medium scale industries, youth and women’s empowerment programmes, support for revival of industries are all designed to reinvigorate the economy and enhance living standards of ordinary people.”

He said his administration is getting security right and stopping corruption in its tracks.

He assured Nigerians that the economic problems will also be a thing of the past soon.

“We are getting security right. We are stopping corruption in its tracks and we will get the economy right by the Grace of God,” the president said.

I wish all Nigerians a joyous Eid-El-Kabir. We will continue to work to make Nigeria a great nation. pic.twitter.com/oUs2656bWH

— Muhammadu Buhari (@MBuhari) September 12, 2016

Eid Prayers over, President @MBuhari returns home, where he will receive guests and wellwishers #EidMubarak pic.twitter.com/qcX8hwBx7X

— Presidency Nigeria (@NGRPresident) September 12, 2016