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Buhari Brought N2.7trn Investments From US Visit - Presidency - Politics - Nairaland

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Nigeria Has Realised N2.7trn From TSA – Buhari / Why Buhari Postponed Lagos Visit – Presidency / Buhari's US Visit: His Son, Yusuf, And 32 Others Make His Entourage - ThisDay (2) (3) (4)

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Buhari Brought N2.7trn Investments From US Visit - Presidency by Nobody: 6:09am On Aug 06, 2015
By Emmanuel Aziken, Political Editor & Livinus Nwabughiogu

LAGOS — An estimated N2.7 trillion ($13.6 billion) worth of direct investment is part of the immediate benefits accruing from President Muhammadu Buhari’s recent state visit to the United States, the Presidency claimed yesterday.

The presidency also affirmed that the visit cost the Nigerian treasury less than N220 million contrary to assertions in some sections of the media. It further explained that President Buhari’s son, Yusuf, did not receive any estacode for the trip even as it contended that great savings were made by members of the delegation against previous visits.

The five governors who were in the delegation, the presidency said, paid their way while permanent secretaries and other senior government officials only received their entitlements.
File: US President Barack Obama speaks with Nigerian President Muhammadu Buhari during a meeting in the Oval Office of the White House in Washington, DC, July 20, 2015. Obama welcomes Nigeria's freshly elected president after the country's first ever democratic transition. AFP

File: US President Barack Obama speaks with Nigerian President Muhammadu Buhari during a meeting in the Oval Office of the White House in Washington, DC, July 20, 2015. Obama welcomes Nigeria’s freshly elected president after the country’s first ever democratic transition. AFP

The presidency’s explanations followed news reports in some sections of the media that the visit was wasteful, cost N2.2 billion and was not in anyway beneficial.

In a statement, yesterday, Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said besides the economic benefits, plans were already in motion to lift hindrances to the flow of military support for Nigeria’s war against insurgents in the North-East.

Some immediate benefits

According to him, “some of the more immediate benefits of the President’s trip to the US include: the proposed $2.1 billion fund from the World Bank for the re-development of the northeast battered by Boko Haram; $5 billion from US investors in Nigeria’s agriculture sector; $1.5 billion investment in the Nigerian’s health sector; and another $5 billion investment from the US in our country’s power sector.

“Also, as things stand, the embargo on weapons sales to Nigeria is in the process of being removed. The trip to the US by President Buhari was definitely very successful and beneficial to Nigeria. Only those rabidly determined to find faults unnecessarily will cook up falsehood in a futile effort to rake up murk where none exists.

“It is very sad that in this age of free-flowing information and in this era of change, a media organisation would make itself available as a vehicle to peddle a lie of such low and ignominious quality.

“Contrary to the newspaper’s assertions, the total cost of the trip to the Nigerian taxpayer was at the most minimal, in line with the policy of this administration to cut waste and extravagance.

Buhari’s son didn’t receive estacode, govs paid their way

“In point of fact, the total amount expended on the trip by the office of the President amounted to nothing near 10 per cent of the speculated figure.

“Owing to the free accommodation provided by the host government, all the personal staff who accompanied the President on the trip received reduced allowances.

“His son, Yusuf, received neither allowances nor estacode. The five governors on the trip each paid their way. Permanent Secretaries who travelled on the delegation did so in accordance with extant rules and none of them exceeded their estacode entitlements.

“Apart from the Nigerian pilot’s mischievous mathematics, it is shortsighted and misleading of the newspaper to have claimed that President Buhari’s trip to the US achieved nothing.

“Nigerian-US relations had suffered severely over the past few years. That relationship has now been reset. The benefits of this symbiotic relationship will become more and more evident as the Buhari administration continues to tackle the challenges of corruption, security and the economy.


http://www.vanguardngr.com/2015/08/buhari-brought-n2-7trn-investments-from-us-visit-presidency/#sthash.ow26n8p3.dpuf

20 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by LRNZH(m): 6:10am On Aug 06, 2015
...
Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by hakeem4(m): 6:11am On Aug 06, 2015
LRNZH:
...
you're too fast

1 Like

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by sentaljohn(m): 6:11am On Aug 06, 2015
looking forward to a better Nigeria.. wailers, how market?

59 Likes 4 Shares

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Nobody: 6:12am On Aug 06, 2015
LRNZH:
...
Another GO SLOW

13 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by MRLINGTON(m): 6:12am On Aug 06, 2015
pishures pls
Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by ifeoluwasegun(m): 6:13am On Aug 06, 2015
Well done, and what's the business about?

11 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by muhyeenisce(m): 6:13am On Aug 06, 2015
Buhari till 2019

37 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Opiosko: 6:14am On Aug 06, 2015
londongal03:
Buhari brought N2.7trn investments from US visit – Presidency -

An estimated N2.7 trillion ($13.6 billion) worth of direct investment is part of the immediate benefits accruing from President Muhammadu Buhari’s recent state visit to the United States, the Presidency claimed yesterday. - See more at: http://www.vanguardngr.com/…/buhari-brought-n2-7trn-inves…/…
To his cattle farm. Hope his 150 cows can increase now.. Mitceeeeew

30 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by HungerBAD: 6:15am On Aug 06, 2015
Good news right there.

His trip to the United States, i know was to bring in investments into the Country. But, most importantly to assure foreign investors that the economic climate of the country, is free from corruption and conducive for free trade.

Even the largest Consumer store in the World, Walmart is talking about opening a BRANCH in Nigeria.

Nigeria just experienced a political tsunami, that brought in President Buhari. We are about to experience, an economic boom so rich, that it will make the Gowon Era boom look like a child's play.

Nice one there Mr. President for convincing the world powers, that the days of economic bondage in Nigeria is over. You have our prayers.

64 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by heykims(m): 6:16am On Aug 06, 2015
Another bad day for my fellow Nigerians on the opposite side of Change..

Make I no mention names sha..

88 Likes 7 Shares

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Opiosko: 6:17am On Aug 06, 2015
londongal03:
By Emmanuel Aziken, Political Editor & Livinus Nwabughiogu
LAGOS — An estimated N2.7 trillion ($13.6 billion) worth of direct investment is part of the immediate benefits accruing from President Muhammadu Buhari’s recent state visit to the United States, the Presidency claimed yesterday.

The presidency also affirmed that the visit cost the Nigerian treasury less than N220 million contrary to assertions in some sections of the media. It further explained that President Buhari’s son, Yusuf, did not receive any estacode for the trip even as it contended that great savings were made by members of the delegation against previous visits.

The five governors who were in the delegation, the presidency said, paid their way while permanent secretaries and other senior government officials only received their entitlements.
File: US President Barack Obama speaks with Nigerian President Muhammadu Buhari during a meeting in the Oval Office of the White House in Washington, DC, July 20, 2015. Obama welcomes Nigeria's freshly elected president after the country's first ever democratic transition. AFP

File: US President Barack Obama speaks with Nigerian President Muhammadu Buhari during a meeting in the Oval Office of the White House in Washington, DC, July 20, 2015. Obama welcomes Nigeria’s freshly elected president after the country’s first ever democratic transition. AFP

The presidency’s explanations followed news reports in some sections of the media that the visit was wasteful, cost N2.2 billion and was not in anyway beneficial.

In a statement, yesterday, Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, said besides the economic benefits, plans were already in motion to lift hindrances to the flow of military support for Nigeria’s war against insurgents in the North-East.

Some immediate benefits

According to him, “some of the more immediate benefits of the President’s trip to the US include: the proposed $2.1 billion fund from the World Bank for the re-development of the northeast battered by Boko Haram; $5 billion from US investors in Nigeria’s agriculture sector; $1.5 billion investment in the Nigerian’s health sector; and another $5 billion investment from the US in our country’s power sector.

“Also, as things stand, the embargo on weapons sales to Nigeria is in the process of being removed. The trip to the US by President Buhari was definitely very successful and beneficial to Nigeria. Only those rabidly determined to find faults unnecessarily will cook up falsehood in a futile effort to rake up murk where none exists.

“It is very sad that in this age of free-flowing information and in this era of change, a media organisation would make itself available as a vehicle to peddle a lie of such low and ignominious quality.

“Contrary to the newspaper’s assertions, the total cost of the trip to the Nigerian taxpayer was at the most minimal, in line with the policy of this administration to cut waste and extravagance.

Buhari’s son didn’t receive estacode, govs paid their way

“In point of fact, the total amount expended on the trip by the office of the President amounted to nothing near 10 per cent of the speculated figure.

“Owing to the free accommodation provided by the host government, all the personal staff who accompanied the President on the trip received reduced allowances.

“His son, Yusuf, received neither allowances nor estacode. The five governors on the trip each paid their way. Permanent Secretaries who travelled on the delegation did so in accordance with extant rules and none of them exceeded their estacode entitlements.

“Apart from the Nigerian pilot’s mischievous mathematics, it is shortsighted and misleading of the newspaper to have claimed that President Buhari’s trip to the US achieved nothing.

“Nigerian-US relations had suffered severely over the past few years. That relationship has now been reset. The benefits of this symbiotic relationship will become more and more evident as the Buhari administration continues to tackle the challenges of corruption, security and the economy.
- See more at: http://www.vanguardngr.com/2015/08/buhari-brought-n2-7trn-investments-from-us-visit-presidency/#sthash.ow26n8p3.dpuf

Trying to cover his wastefulness? See as that gay crusader, Obama even dea look the man sef.

7 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by heykims(m): 6:18am On Aug 06, 2015
londongal03:


“Contrary to the newspaper’s assertions, the total cost of the trip to the Nigerian taxpayer was at the most minimal, in line with the policy of this administration to cut waste and extravagance.
Tanoids, una hear? the 2.2billion naira u quoted might have been concocted by some brain jaundiced wailers..

A round of 'likes' please for PMB

86 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Chiefpriest1(m): 6:18am On Aug 06, 2015
This makes sense. I knew the N2.2bn was over-bloated.

PMB: if you wan follow me waka, make you pay your own transport o!

Funny though! But we need to start seeing the dividends before long o!

Let this government not behave like the last administration that said they brought Nissan, brought Toyota, even Mazda yet we no know their Nigerian address and they never advertised for job vacancies.

26 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Opiosko: 6:18am On Aug 06, 2015
ifeoluwasegun:
Well done, and what's the business about?

150 Cows

3 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Ddonoflife(m): 6:19am On Aug 06, 2015
Ok next
Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by disloman(m): 6:21am On Aug 06, 2015
Opiosko:
To his cattle farm. Hope his 150 cows can increase now.. Mitceeeeew
Wailing is not ideal for one's health cos wailers are liable to die young.

41 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by rawtouch: 6:22am On Aug 06, 2015
All this one is audio money, they should show us evidence before they change mouth again.

12 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by disloman(m): 6:25am On Aug 06, 2015
Opiosko:


Trying to cover his wastefulness? See as that gay crusader, Obama even dea look the man sef.

25 Likes 3 Shares

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by PassingShot(m): 6:30am On Aug 06, 2015
And again the president scores another vital goal in his administration of less than three months. In the process, he has increased the wailing of the wailers.

In just one trip to the USA, PMB has secured:
1. US starting the process of lifting arms embargo on Nigeria as reported earlier https://www.thecable.ng/us-ready-lift-arms-embargo-nigeria

2. Direct investment of $13.6bn (N2.7tn)

3. Improved relationship between US and Nigeria

While wailers will continue to peddle their lies such as the N2.2bn expenses, PMB/VPYO will continue to bring unsurpassed achievements to Nigeria.

Btw, was there any sane human being that believed the lie of N2.2bn as the cost of the trip? How can a normal person just swallow blatant lies such as that when it was widely reported that PMB and his team were accommodated by the US government? How could any sensible person accept a figure that didn't show any breakdown of its components?

Wailers have fish brains indeed.

41 Likes 2 Shares

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by thegoodone2(m): 6:30am On Aug 06, 2015
kk
Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Nobody: 6:41am On Aug 06, 2015
Audio money.

---
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Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by agabusta: 6:51am On Aug 06, 2015
PMB! Slowly and steadily turning Nigeria around.

15 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Mogidi: 7:12am On Aug 06, 2015
The only money Bubu brought was to repair the NE.

[size=14pt]Boko Haram: Nigeria borrows $2.1 bn from World Bank to rebuild North-East[/size]
The Federal Government has obtained a $2.1 billion credit from the World Bank to rebuild the North-East zone devastated by the jihadist group, Boko Haram.

President Muhammadu Buhari announced this in Washington DC, United States, Wednesday.

Mr. Buhari is currently in the U.S. on a four-day official visit where he has discussed bilateral issues with President Barack Obama and other U.S. officials.

Speaking after meeting with representatives of the World Bank and other donor agencies, Mr. Buhari hailed the decision to invest $2.1 billion in rebuilding the troubled region.

The representatives of the Bill and Melinda Gates Foundation and the World Health Organization, WHO, also attended the meeting.

Apart from rebuilding the North-East in terms of infrastructure, Mr. Buhari said priority would be given to the resettlement of internally displaced persons, who now number over 1 million.

He appealed to the World Bank to send a team to work with the Federal Government in carrying out proper needs assessment of people of the zone.

“The World Bank will spend the 2.1 billion dollars through its (International Development Agency), which gives low interest rates loans to government,” Mr. Buhari said.

“The first 10 years will be interest free, while an additional 30 years will be at lower than capital market rate. The World Bank is eager to move in quickly, give out the loans, and give succor to the people of North-east, long at the mercy of an insurgency that has claimed over 20,000 souls.

“WHO is also to invest 300 million dollars on immunization against malaria in Nigeria, while the Bill and Melinda Gates Foundation will collaborate with Dangote Foundation to ensure that the country maintains its zero polio case record of the past one year,” the statement said.

The president said if the effort is sustained for another two years, Nigeria will be declared fully free of polio by the WHO.

9 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by KINGSNEEZE(m): 7:20am On Aug 06, 2015
And their fans will blindly believe this concoction plus it took them d entire month of July to calculate the expenses of d trip...weldone

11 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by kennyman2000(m): 7:21am On Aug 06, 2015
Good one..

1 Like

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by shaddoww: 7:22am On Aug 06, 2015
heykims:
Another bad day for my fellow Nigerians on the opposite side of Change..

Make I no mention names sha..
I beg make una no kill this people, they still have 3yrs n abt 9months to endure and wail ooooo

7 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by Ikegift4real(m): 7:23am On Aug 06, 2015
cautiously optimistic.
Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by bewla(m): 7:42am On Aug 06, 2015
Chiefpriest1:
This makes sense. I knew the N2.2bn was over-bloated.

PMB: if you wan follow me waka, make you pay your own transport o!

Funny though! But we need to start seeing the dividends before long o!

Let this government not behave like the last administration that said they brought Nissan, brought Toyota, even Mazda yet we no know their Nigerian address and they never advertised for job vacancies.
your brain no go dey your butock amen tell them na them go cry pass

3 Likes

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by CR77(f): 8:48am On Aug 06, 2015
grin na ghost investments grin

14 Likes 1 Share

Re: Buhari Brought N2.7trn Investments From US Visit - Presidency by NotNairalandi(m): 8:49am On Aug 06, 2015
I still regard this news as fantacy!

4 Likes 1 Share

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