In eight years, I’ve doubled Nigeria’s infrastructural fortunes – Buhari declares

Photo of author

By Ogaga Ariemu

Barely 48 hours to the inauguration of the incoming administration, President Muhammadu said his eight years tenure has doubled Nigeria’s infrastructural fortunes.

Buhari disclosed this on Saturday through his verified Twitter handle.

According to Buhari, Nigeria’s stock of infrastructure to Gross Domestic Product have grew significantly by 20 per cent under his watch.

He noted that without investing infrastructures it would have be tougher exiting poverty.

He stated that Nigeria’s rising debt profile should be compared in relation with the Country’s rising assets, investments profiles.

He explained that the infrastructural growth recorded under his administration happened when oil plunged, recession and global economic downturns.

“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.

“This happened when global oil prices plunged to almost zero, when we encountered a recession that was not predicted, 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.

“Without investing in infrastructure, the road out of poverty is a much tougher one”, he posted.

In 2015, Buhari took over the mantle of leadership from former President Goodluck Jonathan. He was re-elected in 2019.

On Monday May 29 2023, Buhari will hand over to Bola Ahmed Tinubu.

Leave a Comment