I have spent almost $9billion on power – Buhari

President Muhammadu Buhari on Monday disclosed that his
administration has spent $9bn (N2 .745trn at the official exchange
rate of N 305 to $1) on power, roads and railways in the country in
the last two years.
He said the expenditure was part of the ongoing plans by his
government to diversify the economy through the development of
tourism, agriculture and solid minerals, noting that the Federal
Government was investing heavily in infrastructure.
The President made this known at the 61st meeting of the United
Nations World Tourism Organisation and Commission for Africa in
Abuja.
Buhai also said that as part of his administration’s social
investment programmes, the government was giving N 5, 000
monthly to some 297, 973 poor homes in the country.
The theme of the weeklong conference, attended by delegates from
over 53 countries, was, ‘Tourism Statistics – A Catalyst for
Development.’
Boss Mustapha, the Secretary to the Government of the Federation,
SGF, read Buhari’s speech.
The President said Nigeria was expected to benefit from tourism
through increase in foreign exchange earnings, revenue generation
, employment creation and cultural integration.
Buhari stated, “We are making steady efforts to diversify the
economy through agriculture , solid minerals development and
tourism . We are also
investing heavily in infrastructure to promote tourism . This
administration has injected about $ 9 bn to strengthen its
investment in power , roads and railway in the past two years.
“The government is also investing in the social investment
programme to promote human capital development , which has
benefitted over nine million people. These programmes include our
home – grown school feeding programme that is providing one
meal a day to 7 . 4 million pupils in 22 states of the federation.
“There is also the Conditional Cash Transfer under which some
297, 973 poor homes are receiving N 5 , 000 monthly . The
government is also providing public safety and security to all
Nigerians , investors and tourists . Government is also investing a
lot of resources in building the inventory of equipment and capacity
of security agencies to keep the country safe .

6 Comments

  1. Good

  2. I hear you

  3. May God help us

  4. Ok

  5. Ok

  6. ok

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