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BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo (1023 Views)

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BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by godlyguy(m): 2:20pm On May 01, 2019
ABUJA – VICE President Yemi Osinbajo yesterday said that Nigeria has spent over N3.5 trillion from the National budgets to infrastructure in the last three years. VP Osinbajo The Vice President also said that Investor-interest was on the rise in Nigeria based on the tracking of investment announcements that indicates a 37 percent increase from 2017 to 2018. Speaking at the first Nigeria-UK Economic Development Forum (EDF), hosted by the Federal Government at the Presidential Villa, Osinbajo said there was tremendous rise in the investor confidence in the country. The Economic Development Forum was signed in August 2018 by President Muhammadu Buhari and Prime Minister Theresa May in London as a platform to foster economic and development ties between Nigeria and the United Kingdom.

According to the Vice President, “we have seen increased investor interest in Nigeria by the investment announcements that we track, with $90.9 billion of investment announcements in 2018, a 37% increase over the $66.4 billion tracked in 2017. “We are interested in these announcements because we know that if we nurture them correctly, we can turn them into actual investments. “There is also a steady rise in investor confidence, with an increase in the number of significant deal announcements. 18 days ago, Jumia, an online marketplace company that started in Nigeria, listed on the New York Stock Exchange (NYSE), the first African start-up to do so. It received such a

warm investor response, that it has since appreciated over 125%!”

In a statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, Osinbajo said, “It will be interesting to see more transactions like this, and several between Nigeria and the United Kingdom. “Already, there are four Nigerian companies listed on the main board of The London Stock Exchange, although only one Nigerian company, Seplat Petroleum Development Company Plc is listed in both Nigeria and the UK. It is also fascinating that about half of the companies on the FTSE 100 have exposure to Nigeria. “By leveraging the EDF, I hope that we will continue to build on the existing foundation and work together on recording increased trade and investment flows, particularly in the areas where we have comparative advantages.” Speaking on the efforts made by the President Muhammadu Buhari administration to boost investor confidence in the economy and improve the business environment, the Osinbajo said “as a government, we are not unmindful of the challenges that have hindered the business and investment environment in our country. “We have taken these challenges as opportunities and have made the extensive build-out of modern infrastructure (both hard and soft) as the main thrust of our Administration. “In the last three years, the government has allocated and disbursed over N3.5 trillion from the National budgets to infrastructure. “The Presidential Enabling Business Environment Council (PEBEC) has made significant progress in reducing bottlenecks, eliminating redundancies and increasing transparency across government ministries, departments and agencies.” “There is undeniable evidence that the Buhari administration is repositioning the Nigerian economy for true growth and shared prosperity.”

On the relationship between Nigeria and United Kingdom, the Vice President said, “it is of strategic importance to Nigeria” while welcoming the opportunity to actively grow the commercial bilateral relationship with the United Kingdom through the Economic Development Forum (EDF). “The deep and long-standing relationship between Nigeria and United Kingdom indicates that the current level of trade and investments between our countries is materially below the potential the relationship suggests, given that Africa represents only 2% of the UK’s trade relationships, and Nigeria represents only a tenth of that. “All hands must be on deck, to ensure that we foster the right environment to grow the level of bilateral trade and investment between our great countries.”

Earlier in his remark, UK Foreign Secretary Jeremy Hunt, said the importance of the Nigeria-UK Economic Development Forum cannot be over-emphasized. He noted that Nigeria’s current demographics require government and other stakeholders to improve efforts and other interventions aimed at tackling unemployment and other challenges. Mr Hunt advised government to adopt steps aimed at improving the investment climate one of which is the approval of the revised Companies and Allied Matters Act. Also speaking, the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said a number of key decisions were reached at the end of the first Nigeria-UK Economic Development Forum, including work streams on standards, business to business linkages, clarification of regulatory frameworks, manufacturing and technology transfer, amongst others. The highpoint of the event was the signing of the communique reached at the end of the first Nigeria-UK Economic Development Forum, by the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah and the UK Foreign Secretary Jeremy Hunt.

https://ebeanonews..com/2019/05/buharis-administration-has-3-5trillion.html

Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by chriskosherbal(m): 2:24pm On May 01, 2019
Okay we have heard sir



See signature.
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by penplus: 2:26pm On May 01, 2019
Na una sabi
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by godlyguy(m): 2:33pm On May 01, 2019
Honourable VP
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by BuhariAdvocate: 2:39pm On May 01, 2019
God bless president Buhari the best president in the world the most respected president in the world. No wonder Trump salute his sagacity.

1 Like

Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by godlyguy(m): 2:41pm On May 01, 2019
BuhariAdvocate:
God bless president Buhari the best president in the world the most respected president in the world. No wonder Trump salute his sagacity.


People will soon come after you grin
BuhariAdvocate:
God bless president Buhari the best president in the world the most respected president in the world. No wonder Trump salute his sagacity.


People will soon come after you
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by BuhariAdvocate: 2:52pm On May 01, 2019
They will seriously deal with.
godlyguy:



People will soon come after you grin


People will soon come after you
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by CanineOfJackal: 2:57pm On May 01, 2019
Where is the project located

1 Like

Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by godlyguy(m): 2:58pm On May 01, 2019
CanineOfJackal:
Where is the project located

Oya all the BUHARISTS make una come explain oooooo
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by frankyychiji(f): 3:09pm On May 01, 2019
Osunbande unlike his master has mastered the art of positive thinking even though it's just on paper. In response, one would have expected to see a kind of corroboration between Hunt's speech and that of osunbande.

Investors interest rising amidst severe security challenges nation wide.

Oga tell us another story.
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by NinjaMetahuman: 3:32pm On May 01, 2019
CanineOfJackal:
Where is the project located
even if they build roads to your room, you will still come here and ask this stupiid question.


we know your type
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by CanineOfJackal: 3:37pm On May 01, 2019
NinjaMetahuman:
even if they build roads to your room, you will still come here and ask this stupiid question.


we know your type
Show me the completed road projects please
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by CanineOfJackal: 3:37pm On May 01, 2019
NinjaMetahuman:
even if they build roads to your room, you will still come here and ask this stupiid question.


we know your type
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by NinjaMetahuman: 3:39pm On May 01, 2019
CanineOfJackal:
Show me the completed road projects please
your google broke?
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by CanineOfJackal: 3:42pm On May 01, 2019
NinjaMetahuman:
your google broke?
Yes. Help me to check it with yours
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by godlyguy(m): 3:56pm On May 01, 2019
NinjaMetahuman:
even if they build roads to your room, you will still come here and ask this stupiid question.


we know your type
grin
NinjaMetahuman:
even if they build roads to your room, you will still come here and ask this stupiid question.


we know your type
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by Earthquake3: 4:30pm On May 01, 2019
Pastor Lai Osibanjo
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by BlackfireX: 5:40pm On May 01, 2019
Is this man a pastor in RCCG?


How??
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by SarkinYarki: 5:42pm On May 01, 2019
So where is the infrastructure Mr Osinbanjo ? where is it ? even 3rd mainland bridge hasn't been maintained for almost 4 years now !!!! Osinbanjo where is the infrastructure
Re: BUHARI Has spent #3 .5trillion on infrastructures In 3 Years~oshibanjo by archangel1(m): 6:55pm On May 01, 2019
godlyguy:
ABUJA – VICE President Yemi Osinbajo yesterday said that Nigeria has spent over N3.5 trillion from the National budgets to infrastructure in the last three years. VP Osinbajo The Vice President also said that Investor-interest was on the rise in Nigeria based on the tracking of investment announcements that indicates a 37 percent increase from 2017 to 2018. Speaking at the first Nigeria-UK Economic Development Forum (EDF), hosted by the Federal Government at the Presidential Villa, Osinbajo said there was tremendous rise in the investor confidence in the country. The Economic Development Forum was signed in August 2018 by President Muhammadu Buhari and Prime Minister Theresa May in London as a platform to foster economic and development ties between Nigeria and the United Kingdom.

According to the Vice President, “we have seen increased investor interest in Nigeria by the investment announcements that we track, with $90.9 billion of investment announcements in 2018, a 37% increase over the $66.4 billion tracked in 2017. “We are interested in these announcements because we know that if we nurture them correctly, we can turn them into actual investments. “There is also a steady rise in investor confidence, with an increase in the number of significant deal announcements. 18 days ago, Jumia, an online marketplace company that started in Nigeria, listed on the New York Stock Exchange (NYSE), the first African start-up to do so. It received such a

warm investor response, that it has since appreciated over 125%!”

In a statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande, Osinbajo said, “It will be interesting to see more transactions like this, and several between Nigeria and the United Kingdom. “Already, there are four Nigerian companies listed on the main board of The London Stock Exchange, although only one Nigerian company, Seplat Petroleum Development Company Plc is listed in both Nigeria and the UK. It is also fascinating that about half of the companies on the FTSE 100 have exposure to Nigeria. “By leveraging the EDF, I hope that we will continue to build on the existing foundation and work together on recording increased trade and investment flows, particularly in the areas where we have comparative advantages.” Speaking on the efforts made by the President Muhammadu Buhari administration to boost investor confidence in the economy and improve the business environment, the Osinbajo said “as a government, we are not unmindful of the challenges that have hindered the business and investment environment in our country. “We have taken these challenges as opportunities and have made the extensive build-out of modern infrastructure (both hard and soft) as the main thrust of our Administration. “In the last three years, the government has allocated and disbursed over N3.5 trillion from the National budgets to infrastructure. “The Presidential Enabling Business Environment Council (PEBEC) has made significant progress in reducing bottlenecks, eliminating redundancies and increasing transparency across government ministries, departments and agencies.” “There is undeniable evidence that the Buhari administration is repositioning the Nigerian economy for true growth and shared prosperity.”

On the relationship between Nigeria and United Kingdom, the Vice President said, “it is of strategic importance to Nigeria” while welcoming the opportunity to actively grow the commercial bilateral relationship with the United Kingdom through the Economic Development Forum (EDF). “The deep and long-standing relationship between Nigeria and United Kingdom indicates that the current level of trade and investments between our countries is materially below the potential the relationship suggests, given that Africa represents only 2% of the UK’s trade relationships, and Nigeria represents only a tenth of that. “All hands must be on deck, to ensure that we foster the right environment to grow the level of bilateral trade and investment between our great countries.”

Earlier in his remark, UK Foreign Secretary Jeremy Hunt, said the importance of the Nigeria-UK Economic Development Forum cannot be over-emphasized. He noted that Nigeria’s current demographics require government and other stakeholders to improve efforts and other interventions aimed at tackling unemployment and other challenges. Mr Hunt advised government to adopt steps aimed at improving the investment climate one of which is the approval of the revised Companies and Allied Matters Act. Also speaking, the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said a number of key decisions were reached at the end of the first Nigeria-UK Economic Development Forum, including work streams on standards, business to business linkages, clarification of regulatory frameworks, manufacturing and technology transfer, amongst others. The highpoint of the event was the signing of the communique reached at the end of the first Nigeria-UK Economic Development Forum, by the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah and the UK Foreign Secretary Jeremy Hunt.

https://ebeanonews..com/2019/05/buharis-administration-has-3-5trillion.html

see money!

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