DEMOCRACY DAY: President Buhari Makes New Promises
President Muhammad Buhari says Nigeria has been substantially rescued from the precipice from which his administration took it over in 2015.
The President listed the three focuses of his government which are security, economy and corruption and said so far, the administration has delivered on its promises.
In his nationwide broadcast on the occasion of Democracy Day, President Buhari said the fight against corruption has been successful so far while stating that the health of the economy has improved greatly.
He also said that battle to restore peace across the country especially in the highly troubled North–East and the North–Central has been successful noting that the Armed Forces have sufficiently degraded the insurgents.
The President recalled that before his assumption of office in May 2015, insurgents had secured a large areas of control adding that this has been reversed.
He said, “Public safety and security remains the primary duty of this Government. Before this administration came into being 3 years ago, Boko Haram held large areas of land spanning several Local Governments in the North East.
“Today, the capacity of the insurgents has been degraded leading to the re-establishment of authority of government and the release of captives including, happily, 106 Chibok and 104 Dapchi girls, and over 16,000 other persons held by Boko Haram.”
The President admitted that his government has faced lots of challenges, adding that however, “Nigerians have stood by us in achieving the three cardinal points of this administration.”
Buhari listed the Single Treasury Account(TSA), Voluntary Assets, The Voluntary Asset and Income Declaration Scheme(VAIDS); The Whistle–Blowing policy, Presidential Initiative on Assets Audit and others as some of the instruments through corruption has been brought down.
He said, “Like I have always said, if we don’t kill corruption, corruption will destroy the country. Three years into this Administration, Nigerians and the international community have begun to applaud our policies and determination to fight corruption. We are more than ever before determined to win this war, however hard the road is. I therefore appeal to all well–meaning Nigerians to continue to support us in this fight.”
On the economy, the President efforts to boost the economy have gone on in the areas of power generation and distribution, adding that so far, the country has recorded so far the highest megawatt in recent history with the current 7,500 MW.
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“Our foreign reserve has improved significantly to 47.5 billion USD as of May, 2018 as against 29.6 billion USD in2015. The inflationary rate has consistently declined every month since January, 2017.
“Recently, Government conducted Focus Labs in three key sectors of the Econom ynamely, Agriculture & Transport, Manufacturing and Processing as well as Power and Gas. These have yielded significant prospects for investments and Job creation to the tune of US$ 22.5 billion with a potential for creating more than 500,000 jobs by 2020.
“These investment generation initiatives are expected to increase capital inflows in the form of foreign direct investment. There is a high prospect that the cumulative investments from this first phase of the Labs will hit US$39.2 billion by 2025,” the President added.
The President called on all Nigerians tocontinue their support noting that the next few months too would usher in a season of elections.
He appealed, “Let me use this opportunity to urge us all to conduct ourselves, our wards and our constituencies with theutmost sense of fairness, justice andpeaceful co–existence such that we willhave not only hitch free elections but alsoa credible and violence free process.
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