Presidential spokesperson, Garba Shehu says the high cost of living in Nigeria is not peculiar to the county alone.
Speaking in a televised interview, Shehu said the high cost of living is a global issue.
Shehu said the economic situation in the country would have worsened if the Buhari-led administration did not address the deficit in infrastructure after assuming office in 2015.
Asked why 133 million Nigerians are multidimensionally poor despite what he claimed the administration has done, Shehu said the global economy has suffered a lot of setbacks in the past few years.
“Cost of living crisis is a global phenomenon,” he added.
“Nigerians need to just look beyond our shores and see how national economies are going into dissolution and liquidation.
“See what is happening in Kenya, South Africa, Ghana, and even in Europe. Therefore, there is a global crisis that has afflicted the entire global economy.”