Fidelity bank banner Bayelsa State banner
Buhari working wonders despite inheriting empty purse — Lai Mohammed

By News Express on 17/11/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 574

•Information and Culture Minister Lai Mohammed
•Information and Culture Minister Lai Mohammed

The Minister of Information and Culture, Alhaji Lai Mohammed, said the Buhari Administration, despite a terrible economic downturn and an empty purse foisted on it by those who monumentally mismanaged the economy.

In his remarks at the launch of a book chronicling the administration’s achievements in Abuja on Thursday, the Minister said “despite those who are daily trying to muddle the waters, this administration has, through fidelity to discipline, determination and transparency, recorded landmark achievements that are putting our country on the path of sustainable growth.

“'Taking a broad view, this administration is delivering in the broad areas that form the plank of its policies: Security, fight against corruption and the economy, which includes the massive provision of infrastructure, ease of doing business and agriculture, just to mention a few.”

Alhaji Mohammed said with the fact that nothing can be achieved without security, the Administration has successfully tackled the menace of Boko Haram, which had crippled the North-East and even put the residents of the Federal Capital Territory on tenterhooks, following attacks on the UN Complex, the police headquarters and crowded motor parks, all in the FCT.

He reeled out the administration’s achievements in several sectors, including power where he said generation has increased from 2,690MW on 29 May 2015 to 6,619MW; transmission capacity from 5,000MW to 6,700MW and distribution capacity from 4,000MW to 4,600MW as at September 2017.

On Infrastructure, the Minister said the administration has increased, many times over, the budget allocated to roads (from 18 billion to 198.25 billion Naira), power (from 5 billion to 91.2 billion Naira) and housing (from 1.8 billion to 71.559 billion Naira), hence was able to construct or rehabilitate a total of 766 kilometres of roads across the country in 2017.

On the economy, he said headline inflation has fallen for nine consecutive months this year and that foreign reserves are up to $3 billion, from $24 billion a year ago.

“Nigeria is out of recession and the economy is on the growth trajectory again, after the economy contracted for five consecutive quarters. Despite the downturn in oil prices, this Administration was able to invest an unprecedented sum of over 1.2 trillion Naira in capital projects through the 2016 Budget, the highest ever in the history of this country.

“Our Sovereign Wealth Fund, which was established in 2011 with US$1 billion, did not receive additional investment for 4 years when oil prices were as high as US$120 per barrel. This Administration was able to invest an additional US$500 million into the Fund,” Alhaji Mohammed said.

Listing other achievements in the economic sector, he said stability has been restored to the foreign exchange market, the recent 24-place leap by Nigeria in the World Ease of Doing Business Index and the rehabilitation of 15 moribund Fertilizer Blending Plants across Nigeria, which has created 50,000 direct jobs and 70,000 indirect jobs.

The Minister said the administration’s war against corruption is moving apace, adding: “Never before, in our history, have so many people being hauled before the courts to account for their alleged roles in the unprecedented looting of our commonunprecedented looting of our commonwealth. Corruption is no longer possible on the table. It has been driven under, with those still engaged constantly being made to watch their backs,” he said.

He also reeled out figures to support his claim that the administration’s Social Investment Programme “is a roaring success”.

“Over 4.5 million pupils in public schools are being fed under the School Feeding programme; Over 200,000 unemployed graduates have been employed under the N Power Scheme. Over 250,000 enterprises have benefitted from the sum of 12.5 billion Naira, which has been disbursed to entrepreneurs to expand their businesses and over 110,000 households are currently benefitting from the Conditional Cash Transfer programme across the country,” Alhaji Mohammed said.

Source News Express

Posted 17/11/2017 9:32:15 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Nsukwa Clan passes vote of confidence on Okowa...

MASSOB seeks UN recognition for Biafra

Boko Haram: Army announces partial lifting of Maiduguri...

Governors hold emergency meeting over Buhari’s health

22 children killed by air strike in Yemen:...

‘Ex-Governor Gbenga Daniel not from Ogun State’: He’s...

Security: Lagos urges residents to remain calm, vigilant...

Bulletproof bra saves shot woman

FRSC devises strategy to tackle reckless convoys •Launches...

Group to sue over Adeboye’s resignation

PDP to challenge result of Mashi/Dutsi federal constituency...

Shortage of water supply soon to be a...

 

Latest News Osun Election: Controversy as INEC official says his boss ordered him to destroy authentic poll result Double Tragedy: Ras Kimono’s wife dies three weeks after his burial Kogi LG workers now to receive 54 pct of salary Water projects: Minister pleads with court for more time to render account PDP screens 30 governorship aspirants in North East Anti-Corruption War: Strike weakens CCB, CCT Gunshot at Osun INEC office Flood overruns more Delta riverine communities, victims sleep in canoes PDP is party to beat in 2018, says Makarfi Aisha Buhari to address UN meeting on Tuberculosis Osun: INEC has shown its readiness for 2019 — Group Plateau SSG, commissioner resign to contest 2019 elections

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (396,555 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (376,777 views) Shameless Genevieve Nnaji exposes breasts in public (308,541 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (250,633 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (232,343 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (221,643 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (200,098 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (181,673 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (165,744 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (163,395 views) Lagos plane crash: Journalist releases victims’ names (158,175 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (146,915 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (63) Business & Economy (3,623) Business Verdict (52) Columnists (933) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (547) Features (652) Global Business Monitor (301) International (2,427) Interview (165) Live Commentary (28) Love Matters (144) News (39,082) Opinion (1,110) Pidgin (11) Politics (6,711) Religion (872) Sports (1,701) Stock Watch (34) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

I am Imo State's New Governor -- Okorocha's son-in-law Uche Nwosu...

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement