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Nairaland Forum / Nairaland / General / Politics / Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda (5505 Views)
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Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by cyber5(m): 12:04pm On Sep 24, 2016 |
President Muhammadu Buhari, has on Wednesday, September 21, said that the Federal Government will invest substantial part of its foreign and local loans into the development of critical infrastructure. The President, stated that borrowed funds will be judiciously utilized to revive stalled Roads, Rail, Power, Port Projects, and in Agricultural Initiatives, that will significantly boost the domestic production of food, and end economic recession. Buhari disclosed this in an article published in Bloomberg International titled, ‘Making Africa Rising a Reality’. According to Buhari, the long old thinking about Africa as a continent with a promising potential, has given way to more questioning concerns. “Unlike in the past when borrowed funds were frittered away on unproductive ventures, we will ensure their investment in the revival of stalled road, rail, power and port projects, and in agricultural initiatives, that will significantly boost domestic production of food. “For far too long we have under-invested in infrastructure, the most critical element for creating sustainable economic growth. The net effect: an avoidably high cost of doing business in Nigeria,” he stressed. Buhari added: “We have begun raising a $1 billion Eurobond, our first in three years. We are also raising debt from the World Bank, the African Development Bank, the Chinese Exim Bank, and other development finance partners.” The President, noted that since the signing of the 2016 budget into law, government has released about N400 billion for various infrastructure projects. The President, added that rather than lament on the current economic challenges, government will not be distracted. He challenged other African leaders, to see the fall in oil and commodities, as an opportunity to create new areas of wealth, that would guarantee the well being of citizens. “The journey ahead remains long and difficult. Our double-digit inflation, currency turmoil, and downgraded ratings will not vanish overnight. “But the real story here is not the challenges, which are all too visible, but the opportunities. We have learned the necessary lessons. We will ensure that Nigeria does not slip back into a lazy and dangerous dependence on the price of crude oil. “We will continue to insist on transparency and accountability in the use of government funds. And we will build an economy that prioritizes the ease of doing business and investing, and that thrives on the entrepreneurial energy and ingenuity of our people…. “The months ahead will show not only that Nigeria is on the rise, but that this “Rising” is real and lasting, one that touches not just the statistical databases, but the lives of the people who elected us to deliver positive change.” In a related development, the Federal Government will soon embark on wide ranging reforms, expected to provide a favourable environment for businesses in the country. Buhari, who disclosed this in New York, said Vice-President, Yemi Osinbajo will soon make public the reform strategies, affecting the Nation’s Ports, and issues relating to visa on arrival. http://www.weeklypostng.org/2016/09/jubilation-as-buhari-ends-recession.html |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Mrmoz(m): 12:15pm On Sep 24, 2016 |
Well let's hope for the best...God help nigeria only you can |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by ojmaroni247(m): 12:16pm On Sep 24, 2016 |
We will,we want to, we are Goin to, we are about to, we have set aside, we are preparing to! ![]() 29 Likes 2 Shares
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Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Flexherbal(m): 12:55pm On Sep 24, 2016 |
We are hopeful ! 1 Like |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by RZArecta(m): 1:19pm On Sep 24, 2016 |
Can you imagine the fvckery ![]() 3 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by mosalab(m): 1:29pm On Sep 24, 2016 |
Jubilation ![]() 14 Likes 1 Share |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by HtwoOw: 1:41pm On Sep 24, 2016 |
It will. Work Nigeria will be great again 2 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Paperwhite(m): 2:00pm On Sep 24, 2016 |
Buhari have always been an abysmal failure. Whatsoever he touches never prosper. 8 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by xana101: 2:09pm On Sep 24, 2016 |
Buharicow is useless. I voted for Him that's y i'm not happy. I campaigned for him but my driver an elderly man warned me, but I accused him of being tribalistic. Now i'm ashamed of myself. I see Nigeria as one. I don't care where d president comes from. PDP and APC are both useless. We need another party with a younger candidate. I really don't know what I was thinking b4 voting for this old manFool 16 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by mastermaestro(m): 2:20pm On Sep 24, 2016 |
![]() ![]() ![]() 8 Likes
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Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Nobody: 2:37pm On Sep 24, 2016 |
Mrmoz:. Nice speech mr president. Nigeria will be great. 2 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by tbabs10166(m): 2:56pm On Sep 24, 2016 |
xana101:Good for acknowledging the fact that pdp is also useless 1 Like |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Rockyrascal(m): 3:47pm On Sep 24, 2016 |
HtwoOw:was nigeria ever great? 4 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Nobody: 4:21pm On Sep 24, 2016 |
Nigerians should stop feeling excited about PROMISES..... wait until Atleast the money is released, received and utilized accordingly ![]() ![]() ![]() ![]() 1 Like |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by ITbomb(m): 4:48pm On Sep 24, 2016 |
How about the N4trn debt in one year |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Remii(m): 5:24pm On Sep 24, 2016 |
ITbomb:devaluation made the figure bigger than previous years. It N2.2tr sha i didnt read N4tr. |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by fwallex4truth: 6:06pm On Sep 24, 2016 |
U are absolutely wrong! |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by cyber5(m): 6:26pm On Sep 24, 2016 |
Fellas all we have to do is to hope for the best, i really hope the 5 points agenda works |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Nobody: 6:27pm On Sep 24, 2016 |
Is Ni.Geria a name of person, animal or thing? |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by DozieInc(m): 6:46pm On Sep 24, 2016 |
Ok. |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by chernest2002: 7:35pm On Sep 24, 2016 |
End time president. |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Hiploko(m): 7:41pm On Sep 24, 2016 |
No wonder we have PMB as president. APC will just write sweet and nice statements and send out. Surprisingly, Nigerians will start saying 'I believe you', Nigeria will be great again bla bla bla. It is on a newspaper stand someone said that APC is good @ releasing headlines to keep people busy all week long while buying time to cover their incompetence. Even if you are a Zombie, for how long will you remain 1? Smh.... |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by GlorifiedTunde(m): 7:42pm On Sep 24, 2016 |
ojmaroni247: What were you expecting him to say? Didn't your English Language teacher teach you past, present and future tenses? ![]() ![]() ![]() |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by MrSly(m): 7:42pm On Sep 24, 2016 |
Remii:2tr local debt and 2tr foreign debt. Do the maths |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Fidelismaria: 7:45pm On Sep 24, 2016 |
![]() bubuhari ends recession? do u pple mean to tell me recession has a off/on switch what a bunch of zombies five point agenda ko unlimited point agenda ni |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by ahamonyeka(m): 7:54pm On Sep 24, 2016 |
All progressive compass promises is the pipe line. ;DAll progressive compass promises is the pipe line. |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by blackpanda: 7:54pm On Sep 24, 2016 |
xana101: From ur comment u are part of the problem of Nigeria. All u do is insult and abuse people, and its not like u can do any better if given the opportunity. Try to change ur attitude! |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by gudnex22(m): 7:58pm On Sep 24, 2016 |
we will that man is still campaigning .
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Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by nixt: 8:03pm On Sep 24, 2016 |
Tell it to the apc |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by uvalued(m): 8:13pm On Sep 24, 2016 |
ojmaroni247: always futuristic 2 Likes |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Sport336: 8:30pm On Sep 24, 2016 |
God Bless Nigeria |
Re: Jubilation As Buhari Ends Recession, Blows Hot, Releases 5 Points Agenda by Larryfest(m): 9:49pm On Sep 24, 2016 |
Who are those jubilating ontop "we will" ![]() |
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