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Buhari: Our Policies May Hurt Some Businesses In The Short-term - Politics - Nairaland

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Buhari: Our Policies May Hurt Some Businesses In The Short-term by HowAreYou(m): 7:23am On Oct 29, 2015
President Muhammadu Buhari on Wednesday in New Delhi, India, admitted that some of the measures he put in place might hurt some businesses in the short term.
However, the president said these measures
would sustain the economy on the long run.
A statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, quoted the president as saying: “We are aware some of these measures may hurt operations of some
businesses in the short term, but we believe they are right for a sustainable economy.”


The president said despite the fall in oil prices,
his administration remained fully committed to
maintaining macro-economic stability and
improving investors’ confidence in Nigeria.
At an interactive session with chief executives of Indian companies with interests in Nigeria,

Buhari expressed the belief that with its
abundance of human and material resources, the Nigerian economy did not have to suffer unduly from low oil prices, despite its severe impact on government revenues.
“What is required of us to which we are strongly committed, is the implementation of tight expenditure controls, effective fiscal and
monetary policies, including the husbandry of
scarce resources which our introduction of the
Single Treasury Single Account (TSA) has begun to address,”
the president said.
Noting that India has been a dependable ally and friend of Nigeria, Buhari urged the chief
executives to expand their companies’
investments in Nigeria “so that we can,
together, turn our engagements into a win-win situation for our two countries.”

He said: “We can increase and diversify the
current volume of our bilateral trade beyond US $16.36 billion, and diversify to other critical sectors such as agriculture; green technologies in power generation; infrastructure; information and communications technologies, the services
sector, education, industry, especially textiles
and solid minerals among others.”


Buhari also urged the Indian CEOs, to accept the changes in policy being introduced by his
administration and observe all extant Nigerian
laws in running their business in the country.
He warned, particularly, that his administration would not tolerate the importation of sub-standard goods, especially foods and medicines, into Nigeria.

Buhari, while addressing the Nigerian community in India, said he was fully aware of the expectations of Nigerians who elected him on the platform of change, integrity, probity and accountability, and was therefore doing his best to meet those expectations.

He said: “I wish to assure you that we shall do our best to fix the economy, create jobs for the teeming population of our youths and make the home environment safe, secure and more attractive to Nigerians outside the country like your good selves.

On the economy, our aim is to address the
challenge of infrastructure in all its ramifications, especially power and transportation. We are seeking to create jobs through agriculture, mining, industrial value-addition and the promotion of small scale enterprises.

“We are also taking steps to address criminality across the country. We are tackling the menace of terrorism posed by Boko Haram head on and I am pleased to note that though sporadic attacks on soft targets have not stopped, the over-all capacity of Boko Haram to hold territory and determine the course of the conflict has been severely degraded.

“If the current positive trends are maintained, we are confident that by the end of this year, we would have succeeded in permanently turning the tide against the Boko Haram insurgents in Nigeria.”

The president reaffirmed his administration’s
commitment to curbing corruption, plugging all Loopholes in public sector accounting and
deploying available resources for the good of all Nigerians.

Buhari declared that recovery of stolen funds and prosecution of persons who had been indicted for corrupt practices would also continue to be vigorously pursued.

The president said he expected the ongoing
recoveries and prosecutions to serve as a
deterrent to others who nurse the ambition of
seeking public office solely for illegal personal
gain. He assured the gathering that his administration fully recognised the devastating consequences of the illegal diversion of public resources meant for
national development into private bank
accounts, and was doing all within its powers to stop such diversions.

“The anti-corruption campaign will be on-going for many years. We are committed to the enthronement of good governance that plugs the loopholes in public sector accounting, and the use of scarce resources for public good.

“We are determined to demonstrate exemplary leadership that will make our citizens change their ways in a manner that lays a solid foundation for reconstruction and development.

“I am confident that our approach to fighting
corruption through value re-orientation,
improved internal processes and systems and
the rule of law as well as enhancing the capacity of the various anti-corruption agencies and institutions will prove more enduring in addressing this evil.

“In the meantime, we will continue to prosecute those who have been indicted for corrupt practices and ensure that stolen funds are recovered to serve as deterrence to others who nurse the ambition of seeking public office solely for illegal personal gain,” Buhari stated.

1 Like 1 Share

Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by chris4gold(m): 7:25am On Oct 29, 2015
Easy o
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by 2kris(m): 7:26am On Oct 29, 2015
You can say that again sir,because the small buz i operate is diein daily thanks to late paymen.i hope it wont last long sha
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by sammyj: 7:33am On Oct 29, 2015
Baba always on point. At least carry go with are with you on this one. We are more concern with the long time positive effect! !! cool

1 Like

Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by feldido(m): 7:37am On Oct 29, 2015
My dear President, it'll never do us any good be it short or wrong. It's the same thing all the past government have been saying but nothing to show... We know what's right but will never do it because of our selfish interests.
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by Nobody: 7:37am On Oct 29, 2015
hmm.
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by marshalcarter: 7:39am On Oct 29, 2015
Hmmmm.....baba o
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by mrvitalis(m): 7:41am On Oct 29, 2015
Mr president for me I gave u two years to start producing results.. .. so do what ever u wish... . Just don't give excuse after 4 years
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by condralbede(m): 7:45am On Oct 29, 2015
Get to work and stop talking.....The era of campaign is over.
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by PassingShot(m): 7:47am On Oct 29, 2015
The journey of a thousand miles begins with a step.

Nigeria has just taken the right step in transforming from perpetual back bencher into being a true African giant by having PMB as our president.

We will continue y o pray and support you. We will also not fail to criticize your wrong steps along the line. We will not be like the past govt that had only sycophants to listen to.
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by PassingShot(m): 7:49am On Oct 29, 2015
condralbede:
Get to work and stop talking.....The era of campaign is over.
Na deaf and dumb him be?

This hatred will consume you one way or the other.
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by Phame: 7:50am On Oct 29, 2015
Baba, I trust you with my all. Do whatever you think is right to move Nigeria forward even if it will cost me all I have.







Baba is working!
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by LastProphet: 7:52am On Oct 29, 2015
Buhari cut down some meaningless wastes in the system, is buhari aware that the monthly pension of a former director in cbn is over N1.2m? this is after this same director have collected over N100m as gratuity, is this a country with no single plan for the youths? and i even heard that emiefele recently increased all cbn salaries again in order to increase his own. so why are a few allowed to milk the country dry while the majority suffer? we keep talking of only NASS salary while we overlook some agencies that earn stupendous mind boggling salaries in a country without a single infrastructure, buhari wake up!
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by Phame: 7:55am On Oct 29, 2015

laws in running their business in the country.
He warned, particularly, that his administration would not tolerate the importation of sub-standard goods, especially foods and medicines, into Nigeria.
Bold BUHARI, Tell them!
Re: Buhari: Our Policies May Hurt Some Businesses In The Short-term by Nobody: 8:43am On Oct 29, 2015
HowAreYou:
President Muhammadu Buhari on Wednesday in New Delhi, India, admitted that some of the measures he put in place might hurt some businesses in the short term.
However, the president said these measures
would sustain the economy on the long run.
A statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, quoted the president as saying: “We are aware some of these measures may hurt operations of some
businesses in the short term, but we believe they are right for a sustainable economy.”


The president said despite the fall in oil prices,
his administration remained fully committed to
maintaining macro-economic stability and
improving investors’ confidence in Nigeria.
At an interactive session with chief executives of Indian companies with interests in Nigeria,

Buhari expressed the belief that with its
abundance of human and material resources, the Nigerian economy did not have to suffer unduly from low oil prices, despite its severe impact on government revenues.
“What is required of us to which we are strongly committed, is the implementation of tight expenditure controls, effective fiscal and
monetary policies, including the husbandry of
scarce resources which our introduction of the
Single Treasury Single Account (TSA) has begun to address,”
the president said.
Noting that India has been a dependable ally and friend of Nigeria, Buhari urged the chief
executives to expand their companies’
investments in Nigeria “so that we can,
together, turn our engagements into a win-win situation for our two countries.”

He said: “We can increase and diversify the
current volume of our bilateral trade beyond US $16.36 billion, and diversify to other critical sectors such as agriculture; green technologies in power generation; infrastructure; information and communications technologies, the services
sector, education, industry, especially textiles
and solid minerals among others.”


Buhari also urged the Indian CEOs, to accept the changes in policy being introduced by his
administration and observe all extant Nigerian
laws in running their business in the country.
He warned, particularly, that his administration would not tolerate the importation of sub-standard goods, especially foods and medicines, into Nigeria.

Buhari, while addressing the Nigerian community in India, said he was fully aware of the expectations of Nigerians who elected him on the platform of change, integrity, probity and accountability, and was therefore doing his best to meet those expectations.

He said: “I wish to assure you that we shall do our best to fix the economy, create jobs for the teeming population of our youths and make the home environment safe, secure and more attractive to Nigerians outside the country like your good selves.

On the economy, our aim is to address the
challenge of infrastructure in all its ramifications, especially power and transportation. We are seeking to create jobs through agriculture, mining, industrial value-addition and the promotion of small scale enterprises.

“We are also taking steps to address criminality across the country. We are tackling the menace of terrorism posed by Boko Haram head on and I am pleased to note that though sporadic attacks on soft targets have not stopped, the over-all capacity of Boko Haram to hold territory and determine the course of the conflict has been severely degraded.

“If the current positive trends are maintained, we are confident that by the end of this year, we would have succeeded in permanently turning the tide against the Boko Haram insurgents in Nigeria.”

The president reaffirmed his administration’s
commitment to curbing corruption, plugging all Loopholes in public sector accounting and
deploying available resources for the good of all Nigerians.

Buhari declared that recovery of stolen funds and prosecution of persons who had been indicted for corrupt practices would also continue to be vigorously pursued.

The president said he expected the ongoing
recoveries and prosecutions to serve as a
deterrent to others who nurse the ambition of
seeking public office solely for illegal personal
gain. He assured the gathering that his administration fully recognised the devastating consequences of the illegal diversion of public resources meant for
national development into private bank
accounts, and was doing all within its powers to stop such diversions.

“The anti-corruption campaign will be on-going for many years. We are committed to the enthronement of good governance that plugs the loopholes in public sector accounting, and the use of scarce resources for public good.

“We are determined to demonstrate exemplary leadership that will make our citizens change their ways in a manner that lays a solid foundation for reconstruction and development.

“I am confident that our approach to fighting
corruption through value re-orientation,
improved internal processes and systems and
the rule of law as well as enhancing the capacity of the various anti-corruption agencies and institutions will prove more enduring in addressing this evil.

“In the meantime, we will continue to prosecute those who have been indicted for corrupt practices and ensure that stolen funds are recovered to serve as deterrence to others who nurse the ambition of seeking public office solely for illegal personal gain,” Buhari stated.


D dullård does not have a policy.

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