Monday 29 May 2017

Nigeria Soars by S$500m And US$87m In Sovereign Wealth And Excess Crude Accounts Respectively!

Nigeria's Acting President, Prof. Yemi Osinbajo reiterated the Government's commitment to actualise President Muhammadu Buhari's vision of the NigerDelta environmental clean-up beginning with Ogoniland. What is termed a long over-due step to ensure that the "wealth of many will no longer be stolen by or reserved for a few", in order words, to guarantee that the people from the NigerDelta region benefits fully from the Nation's wealth.  



In addition, the vision includes making certain that the impunity of corruption , be it in the public or private sectors , will no longer be standard operating practice; and the vision of a Nigeria devoid of "bandits and terrorists".

In a speech to mark the 2nd anniversary since the Muhammadu Buhari led administration, the Acting President mentioned some key areas the Nigerian government is focused on, they include: 

  • Bringing accused corrupt persons to Justice
  • Working on strategies to deal with Headsmen/ Farmers clash 
  • Saving and Investing to Nigeria's future
  • Creating an enabling environment for Small and Medium scale businesses across the countries through soft loans  among others.
Prof. Yemi Osinbajo further disclosed that this administration has in the last two years, added the sum of US$500m to Nigeria's Sovereign Wealth Fund and US$87m to the Excess Crude Account. As against the situation before now, when according to the Acting President, "rising oil prices failed to translate to rising levels of savings and investment".

Prof. Osinbajo ended his speech by imploring for continual prayers for the restoration to full health, strength and the safe return of President Muhammadu Buhari who is currently in London on medical grounds.

Nigeria returned to democratic rule on May 29, 1999, after thirty -three years of chiefly Military regimes. 




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