The out-going president of Nigeria, Muhammadu Buhari, have boasted of his achievements in Infrastructure. He said he is proud to that Nigeria have doubled her stock of infrastructure to GDP from about 20% to over 40% under his administration.
The president said this in a statement published on his official Twitter handle on Saturday, 27th May, 2023.
According to the statement, “In eight years, I am proud to say that we have doubled Nigeria’s stock of infrastructure to GDP from about 20% to over 40%, and that is no small undertaking. Buhari, said.
He maintained that his Administration achieved all this when global oil prices plunged to almost zero, while also having to face unpredicted recession. “when we dealt with a pandemic that was unforeseen and when we are still grappling with the global effects of an ongoing war in Europe.”
He urged Nigerians to look at the Infrastructure his Administration put on ground while looking at the country’s debt profile. “as we look at Nigeria’s debt profile, I urge us to also look at the assets and investment profiles, some of which was paid for by debt and some by investment income.
The wealth and prosperity of many nations, especially post-war Europe, was built largely on infrastructure and on debt redeemed over decades. Some of the projects are commercially self-liquidating.”
Buhari further argued that without investment in infrastructure, it is difficult to pull the country out of poverty. “Without investing in infrastructure, the road out of poverty is a much tougher one.” He concluded.
https://twitter.com/MBuhari/status/1662381995144478721?t=DF2WagSUN-lu-uRPWKTzAg&s=19