What's Hot

    Two dead in US Iowa latest shooting

    January 24, 2023

    Several senior Ukraine officials resign over corruption allegations

    January 24, 2023

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023
    Facebook Twitter Instagram
    Trending
    • Two dead in US Iowa latest shooting
    • Several senior Ukraine officials resign over corruption allegations
    • EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries
    • Gunmen abduct corps member, five others in Enugu
    • Bandits kidnap school children in Nasarawa
    • UK condemns Iran’s execution of dual British-Iranian, plans sanction
    • EFCC drags ABU ex-vice chancellor, bursar to court over alleged 1bn theft
    • Scores killed as passenger plane crashes in Nepal
    Facebook Twitter Instagram
    Education TellEducation Tell
    Demo
    • Home
    • News
      1. Human Rights
      2. Crime and Security
      3. Politics
      4. Odd News
      Featured

      EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

      January 24, 2023 News 2 Mins Read
      Recent

      EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

      January 24, 2023

      Kano police headquarters set ablaze

      January 14, 2023

      2023: Things have fallen apart, Nigeria now ungovernable– Anglican Primate

      January 14, 2023
    • Foreign
    • Sports
    • Business
    • Education
      1. Institutions
      2. Professional
      3. Tertiary
      4. college
      5. Secondary
      6. Primary
      7. Examinations
      8. View All

      UNILAG gets first female Vice Chancellor, Prof Folashade Ogunsola

      October 7, 2022

      Inmate bags NOUN Second Class Upper degree

      June 29, 2022

      Prof. Bamire becomes 12th Vice Chancellor of OAU

      March 17, 2022

      Striking FCT teachers suspend 3 weeks strike

      February 10, 2022

      Council threatens to declare unregistered computer practitioners quacks

      May 7, 2019

      Our biggest headache is sexual harassments of students by lecturers- NUC

      August 27, 2018

      UNILAG gets first female Vice Chancellor, Prof Folashade Ogunsola

      October 7, 2022

      Inmate bags NOUN Second Class Upper degree

      June 29, 2022

      Prof. Bamire becomes 12th Vice Chancellor of OAU

      March 17, 2022

      Nigeria’s 205 universities not enough-NUC

      February 10, 2022

      Ogun collaborates industries on employment for tech college graduates

      July 28, 2020

      I’ll make Ogun State Nigeria’s technology hub- Gov Abiodun

      June 4, 2020

      Unity Schools go on 3 days break over presidential election

      February 9, 2019

      NDIC boss donates science laboratory to Zaria Academy

      July 15, 2018

      Striking FCT teachers suspend 3 weeks strike

      February 10, 2022

      Nasarawa gets N5bn UBEC intervention

      August 2, 2019

      FG earmarks 2% of UBE funds to quality assurance

      January 29, 2019

      UBEC Boss tasks PROs to improve visibility of govt. activities

      August 27, 2018

      NECO releases 2022 SSCE results, blacklists 29 supervisors

      September 29, 2022

      We have discovers 1m illegal admissions- JAMB

      March 17, 2022

      JAMB introduces Computer Studies, PHE to UTME

      January 31, 2022

      JAMB fixes date for 2022 UTM Examination

      January 24, 2022

      Nigeria ranks 10th largest in students studying in US

      November 14, 2022

      Soludo again, cancels teachers’ recruitment exercise over irregularities

      October 24, 2022

      FG Vs ASUU out-of-court settlement fails

      October 6, 2022

      10 Kaduna teachers killed, several others kidnapped in 2022 – Union

      October 5, 2022
    • Health
    • Entertainment
    • Features
      • Leadership
      • Interview
      • Opinion
      • Projects
      • Inventions
      • Personalities
    Education TellEducation Tell
    Our economy has made steady progress in last three years-Buhari

    Our economy has made steady progress in last three years-Buhari

    February 9, 2019 News
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    ….Says, “we have recaptured territories held by Boko Haram”.

    Contrary to criticisms of the Federal Government’s economic policies, President Muhammadu Buhari has maintained that his administration’s economic policies are making the desired impact, as shown by steady growth in the economy in the last three years.

    Buhari’s Special Adviser on Media and Publicity, Mr Femi Adesina, made the assertion in a statement, in which said Buhari stated this at a town hall meeting with the Business community in Lagos on Saturday.

    According to Adesina, the president said he had kept his promise to boost the economy, through blocking leakages in government finances, increasing capital expenditure and inflows, and implementing the Economic Recovery and Growth Plan (ERGP), among others.

    “I firmly believe that our economic policies are beginning to make the desired impact.  Economic growth has resumed and is continuing to improve.

    “Growth was higher in 2017 than in 2016, data even from external sources shows that it will be higher in 2018 than in 2017.  I am confident that as we steer the course, it will be better still at the end of 2019.

    “Inflation is coming down steadily, there is stability in the exchange rate and foreign exchange is readily available for genuine business. Foreign reserves are adequate and growing; capital inflows have increased and the trade balance is positive.

    “We are paying off debts that were not even publicly acknowledged before now, including those owed to States, the electricity sector, oil marketers, exporters, backlog of salaries of workers and pensioners, amongst others,” he said.

    The President, who was guest of representatives of the Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry and the Nigeria Association of Small and Medium Enterprises (NASME) shortly before attending the APC presidential campaign rally in Lagos, said he believed in the importance of investing in infrastructure to promote development.

    “I am happy that the results of the priority we have placed on this sector are beginning to show.

    “Our commitment is reflected in the resources that we are providing for infrastructure.  In 2016 and 2017, capital expenditure was up to N2.7 trillion, while over N800million has been released under the current budget.

    “This has been complemented by the inception of the $650 million Presidential Infrastructure Development Fund which will focus initially on the Lagos-Ibadan expressway, the Second Niger Bridge, the Abuja-Kano expressway and the Mambilla hydropower plant,’’ he said.

    The President also highlighted completed and ongoing projects in the transport and aviation sector, and expressed delight that the rail projects were generating excitement across the country because it would help local businesses to grow.

    ‘‘The Abuja-Kaduna railway is up and running.  The Itakpe-Warri line is being test-run before going commercial.  The completed portion of the Abuja light rail project is facilitating movement to the airport.

    ‘‘The Lagos-Ibadan railway is nearing completion, with people already taking test rides on the completed portions. We are determined to work at the same pace on the Coastal Railway Line and the line from Port Harcourt to Maiduguri.

    “We completed the repairs to the runway in Abuja in record time, and just a few weeks ago, I commissioned the Baro Inland Port. All these achievements will help Nigerian businesses to grow,’’ he said.

    The president also spoke on future plans to sustain the positive economic outlook, saying the Federal Government would raise more revenue to boost the economic fundamentals and increase the level and quality of government services in support of the private sector.

    His words; “I recently inaugurated a Technical Advisory Committee to identify new sources of revenue in this regard.

    “This is also to ensure that Government at all levels has the resources to pay the new national wage, which we are indeed committed to paying.

    “Our economic fundamentals are strong and, in the next four years by the grace of God, we are determined to steer the course in terms of partnerships with the private sector. support to the real sector, helping small businesses, providing infrastructure and an enabling business environment”.

    He disclosed to members of the private sector that his administration had also stimulated growth in the economy by adopting and implementing new strategies to deal with the security situation in the country and tackle rampant corruption.

    “When this Government came into office, our three priorities were to increase the level of security across the country, tackle rampant corruption and improve the economy. These three factors are interconnected.

    “Without peace and stability, there will never be economic growth and development,” he averred.

    Buhari said the administration’s view on improving the economy focuses on a bottom to top approach.

    “We focused on developing the rural economy which we hope will result in growth that is inclusive.

    “Boko Haram and the militants in the Niger Delta started their aggressive operations during the years of high oil prices and GDP growth.

    “These young and misguided youths did not benefit from the various statistics and indicators of prosperity we were celebrating in the past decade. No wonder they were recruited to cause violence and mayhem in their localities.

    “These three priorities, if addressed, will completely transform Nigeria to a diversified, inclusive and competitive economy. But this is not an overnight transition.

    “We are not only transforming systems and processes, but we are also changing hearts and minds.

    “We have recaptured and held lost territories. Yes, we still have pockets of insurgency, but our sovereign integrity is intact,’’ Buhari said.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023

    Kano police headquarters set ablaze

    January 14, 2023

    2023: Things have fallen apart, Nigeria now ungovernable– Anglican Primate

    January 14, 2023

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Don't Miss
    Foreign

    Two dead in US Iowa latest shooting

    January 24, 2023 Foreign 1 Min Read

    Two people were confirmed died and a third seriously wounded Monday in a…

    Several senior Ukraine officials resign over corruption allegations

    January 24, 2023

    EU allocates  €102.5m humanitarian support  to Nigeria, 3 Lake Chad region countries

    January 24, 2023

    Gunmen abduct corps member, five others in Enugu

    January 22, 2023
    Top Posts

    *Decay of Brother R. Kelly: The character that stinks will eventually sink*

    January 27, 2020

    Nigerian educational system is horrifying – Soyinka

    October 15, 2019

    Rampaging herdsmen kill 6, behead farmers, burn houses in Anambra

    April 10, 2019

    HND harmonization: Civil Defence boss accused of selective payment, favoritism

    October 5, 2020
    Facebook Twitter Instagram WhatsApp
    Tech

    AU urges China partner to domesticate Juncao Technology in Nigerian universities

    July 20, 2022

    NCC warns telecom consumers on Flubot Malware

    October 22, 2021

    5G Spectrum goes for auctioning by Q4 2021-Danbatta

    July 18, 2021
    Most Popular

    *Decay of Brother R. Kelly: The character that stinks will eventually sink*

    January 27, 202050 Views

    Nigerian educational system is horrifying – Soyinka

    October 15, 201950 Views

    Rampaging herdsmen kill 6, behead farmers, burn houses in Anambra

    April 10, 201926 Views
    Facebook Twitter Instagram Pinterest
    • Home
    • About us
    • Get In Touch
    • Privacy Policy
    © 2023 Education Tell Designed by Digital Clan.

    Type above and press Enter to search. Press Esc to cancel.