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As his tenure ends in precisely one week, the President, Main Normal Muhammadu Buhari (retd.), on Monday, in Lagos, stated he’s “completely happy to depart” Nigeria’s financial system in competent fingers.
He additionally expressed confidence in President-elect Bola Tinubu who, he stated, will strengthen the framework of Nigeria’s public-private partnership insurance policies to speed up the tempo of her financial progress and improvement.
Buhari’s Particular Adviser on Media and Publicity, Femi Adesina, revealed this in an announcement he signed on Monday titled ‘President Buhari inaugurates Dangote Refinery, calls it a sport changer for Nigeria’s financial system.’
‘‘I’m completely happy to depart our financial system in very competent fingers. I’m assured that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will maintain the development in our financial and enterprise atmosphere,” Buhari stated when he inaugurated Dangote Petroleum Refinery in Ibeju-Lekki, Lagos.
Talking on the event attended by Heads of State from Ghana, Togo, Niger, Senegal and a consultant of the President of Chad, Buhari described the feat as a big milestone for Nigeria’s financial system and a sport changer for the downstream petroleum merchandise market in your entire African area.
The President stated, ‘‘This mega trade we’re commissioning at this time is a transparent instance of what could be achieved when entrepreneurs are inspired and supported and when an enabling atmosphere is created for investments and for companies to thrive.
‘‘I’m assured that my successor, His Excellency Asiwaju Bola Ahmed Tinubu, will maintain the development in our financial and enterprise atmosphere and strengthen the framework of our public-private partnership insurance policies to speed up the tempo of our financial progress and improvement.
‘‘I’m completely happy to depart our financial system in very competent fingers.”
Buhari acknowledged that Nigeria’s financial system has confronted important challenges through the years, together with deficits in financial infrastructure, insurgency, and exterior crises such because the World Monetary Disaster, oil worth collapses, the COVID-19 pandemic, and the Russia-Ukraine conflict.
He stated ‘‘The consequence of those challenges represent a extreme pressure on our financial system, limiting Authorities’s capacity to supply fundamental infrastructure with out resorting to very large borrowings.
‘‘Our Authorities, due to this fact, took the choice to focus consideration on creating an enabling atmosphere for the personal sector to thrive and fill the big hole in investments not solely in infrastructure but in addition in all vital sectors.”
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