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Nigeria Remains Oil Dependent Country — Buhari

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President Buhari

President Buhari

Nigeria’s president Muhammadu Buhari has said that the country remains an oil-dependent nation despite work to diversify the economy.

The President said on Thursday while speaking during the Africa-Russia summit held in Sochi, Russia.

Buhari said, “Our economy is heavily dependent on foreign exchange on oil.

“With the result that our high Gross Domestic Product is not as a result of domestic sector productivity.

“Our government in the last four years has focused on diversifying our economy by supporting key job-creating sectors such as agriculture, mining and ICT.

Read Also: Buhari’s Foreign Trips To Correct 16 Years Of PDP Ruinous Rule: Tonye Princewill

“To achieve this, we invested aggressively in infrastructure development and introduced policies and programs that enhance our ease of doing business, reduce corruption in the public sector and enforce the rule of law.

“It is this inclusive economic diversification agenda that we want to forge a new Nigeria-Russia cooperation.
“Already, we are seeing progress in areas of power generation, solid minerals development and rail transportation and I hope this will be expanded to agriculture, manufacturing and other means of transportation.”

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Former Lawmaker, Shehu Sani Accuses FG Of Using Huge Loans To Buy Substandard Chinese Railway Locomotives

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Former Lawmaker, Shehu Sani Accuse FG Of Using Huge Loans To Buy Substandard Chinese Railway Locomotives

Shehu Sani

Former lawmaker, Senator Shehu Sani has accused the Federal Government of taking huge loans to acquire substandard and refurbished trains.

The former lawmaker from Kaduna made this accusation on Thursday on his Twitter page while condemning the recent breakdown of the Kaduna-Abuja railway.

Also Read: Amaechi Apologises For Abuja-Kaduna Train Breakdown

The railway line was reported to have broken down between November 18 and November 20, exposing passengers on the journey to grave danger.

He expressed that for such to have happened, it means Nigeria paid for substandard or refurbished locomotives adding that the Chinese contractor in charge must be made to repair them at no cost to the government.

He wrote:

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Gowon: AfDB President Adesina Warns Against Misinformation

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Gowon: AfDB President Adesina Warns Against Misinformation

Akinwunmi Adesina

President of the African Development Bank (AfDB), Akinwunmi Adesina has stated that former military Head of State, Yakubu Gowon is a man of great honour and decency.

In recent days, the former Head of State has been in the news over the allegation that he looted half of the Central Bank of Nigeria (CBN) when he was in office.

Tom Tugendhat, a member of the United Kingdom parliament, had referenced an allegation that Gowon looted Nigeria’s treasury while in office.

Also Read: Former Lawmaker, Shehu Sani Defends Gowon Over Allegations Of Looting CBN

Reacting in a tweet on Thursday, Adesina said Nigerians should beware of misinformation.

He described Gowon as a “great and admirable elder statesman of Nigeria”, adding that his “honesty and integrity are impeccable.”

“Be careful of misinformation! H.E. General Yakubu Gowon, Nigeria’s former Head of State, is a man of great honour, decency, honesty, amazing simplicity, humility, and integrity. I know him. A great and admirable elder statesman of Nigeria. His honesty and integrity are impeccable.

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Gowon Describes UK MP’s Fraud Allegations As False

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Gowon Describes UK MP’s Fraud Allegations As False

Yakubu Gowon

Former Head of State, General Yakubu Gowon (Rtd) has reacted to allegations by a British lawmaker that he stole half of the Central Bank of Nigeria while in office.

In his reaction on Wednesday, the former Nigerian leader described the submission by the British Parliamentarian, Tom Tugendhat as rubbish.

He pointed out that he served Nigeria meritoriously and never stole anything with the records clearly available for all to see.

Also Read: Former Lawmaker, Shehu Sani Defends Gowon Over Allegations Of Looting CBN

It will be recalled Tugendhat on Monday while addressing the British Parliament during a debate on a petition calling on the UK to impose sanctions on some federal government officials for their roles during the recent #EndSARS protest in Nigeria, submitted that some leaders have been looting the West African nation and hiding the ill-gotten wealth in the UK.

However, Gowon in his reaction to the allegation was quoted to have told the BBC in an exclusive interview: “I don’t know where he got that rubbish from, I served Nigeria diligently and my records are there for all to see.”

 

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