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Buhari in Lagos, says no looter will go unpunished, our economic policies are making desired impact

by Worldstage News
February 9, 2019
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WorldStage Newsonline– The campaign rally of President Muhammadu Buhari torched down in Lagos on Saturday where he promised that his administration would recover all looted public funds and deal decisively with perpetrators of corruption.

Buhari also said that his administration’s economic policies were making the desired impact, as evidenced by steady growth in the economy in the last three years.

Speaking at the All Progressives Congress(APC) Presidential rally, Buhari said his administration’s fight against corruption was total and irreversible, saying that no treasury looter would escape justice.

The  rally attracted a mammoth crowd of party faithful, who trooped out in their thousands to welcome the president.

A National Leader of the party, Chief Bola Tinubu; Vice-President Yemi Osinbajo; APC National Chairman, Mr Adams Oshiomole; Minister of Works, Power and Housing, Mr Babatunde Fashola, and Minister of Transportation, Mr Rotimi Amaechi, were with the president at the rally.

Gov. Akinwunmi Ambode of Lagos, Gov. Ibikunle Amosun (Oyo), Gov. Kayode Fayemi (Ekiti) and Gov. Rotimi Akeredolu (Ondo), were some of the other top government and party personalities were at the rally.

Buhari said , “Let me assure you that whoever has stolen our money, we will get hold of, take whatever they have stolen and keep them in prison. It is our duty and responsibility, we will do it,’’ he said.

The president also promised that his administration would continue to maintain progress in his campaign promises, if re-elected.

He added that more achievements would be recorded in the areas of security, economy and e tfight against corruption.

Buhari said the All Progressives Congress (APC) was the only party that had their interests at heart and urged them to keep faith with the party in the February and March polls.

He thanked those at the rally for their patience and for defying the heat to attend the programme.

The President assured residents and indeed all Nigerians of his commitment to a better Nigeria.

Also speaking, Vice President Yemi Osinbajo said the APC was committed to the Nigerian project and urged the electorate to reject the People’s Democratic Party (PDP) at the polls.

Osinbajo, who addressed the rally in Yoruba, said the APC would achieve more progress in job creation, infrastructural development and power generation, if re-elected.

The Vice President also said the current administration would sustain the tempo of investment in rail infrastructure, if elected.

He said the PDP almost looted the country dry during its 16years in power and that the APC was fixing the damage.

Osinbajo added that Nigerians could vouch for the integrity of Buhari, adding that “even his enemies know he is not a thief”.

He urged Lagos residents to turn out en masse to vote for APC on Feb. 16 and March 2.

Earlier, Oshiomole, Tinubu, Amaechi, Fashola and Ambode, among others, also addressed the rally.

APC flags were presented to the governorship, Federal and state legislative candidates in the state at the rally.

OUR ECONOMIC POLICIES ARE MAKING DESIRED IMPACT

Buhari also said that his administration’s economic policies are making the desired impact, as evidenced by steady growth in the economy in the last three years.

The president’s Special Adviser on Media and Publicity, Mr Femi Adesina, in a statement, said Buhari stated this at a town hall meeting with the Business community in Lagos on Saturday.

President Buhari said he had kept his promise to boost the economy, through blocking leakages in government finances, increasing capital expenditure and inflows, and implementing the Economic Recovery and Growth Plan (ERGP), among others.

He said: “I firmly believe that our economic policies are beginning to make the desired impact.  Economic growth has resumed and is continuing to improve.

“Growth was higher in 2017 than in 2016, data even from external sources shows that it will be higher in 2018 than in 2017.  I am confident that as we steer the course, it will be better still at the end of 2019.

“Inflation is coming down steadily, there is stability in the exchange rate and foreign exchange is readily available for genuine business. Foreign reserves are adequate and growing; capital inflows have increased and the trade balance is positive.

“We are paying off debts that were not even publicly acknowledged before now, including those owed to States, the electricity sector, oil marketers, exporters, backlog of salaries of workers and pensioners, amongst others.’’

The President, who met with representatives of the Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry and the Nigeria Association of Small and Medium Enterprises, shortly before attending the APC presidential campaign rally in Lagos, said he believed in the importance of investing in infrastructure to promote development.

“I am happy that the results of the priority we have placed on this sector are beginning to show.

“Our commitment is reflected in the resources that we are providing for infrastructure.  In 2016 and 2017, capital expenditure was up to N2.7 trillion, while over N800million has been released under the current budget.

“This has been complemented by the inception of the $650 million Presidential Infrastructure Development Fund which will focus initially on the Lagos-Ibadan expressway, the Second Niger Bridge, the Abuja-Kano expressway and the Mambilla hydropower plant,’’ he said.

The President also highlighted completed and ongoing projects in the transport and aviation sector, and expressed delight that the rail projects were generating excitement across the country because it would help local businesses to grow.

‘‘The Abuja-Kaduna railway is up and running.  The Itakpe-Warri line is being test-run before going commercial.  The completed portion of the Abuja light rail project is facilitating movement to the airport.

‘‘The Lagos-Ibadan railway is nearing completion, with people already taking test rides on the completed portions. We are determined to work at the same pace on the Coastal Railway Line and the line from Port Harcourt to Maiduguri.

“We completed the repairs to the runway in Abuja in record time, and just a few weeks ago, I commissioned the Baro Inland Port. All these achievements will help Nigerian businesses to grow,’’ he said.

On future plans to sustain the positive economic outlook, the President said the Federal Government would raise more revenue to boost the economic fundamentals and increase the level and quality of government services in support of the private sector.

“I recently inaugurated a Technical Advisory Committee to identify new sources of revenue in this regard.

“This is also to ensure that Government at all levels have the resources to pay the new national wage, which we are indeed committed to paying.

“Our economic fundamentals are strong and, in the next four years by the grace of God, we are determined to steer the course in terms of partnerships with the private sector. support to the real sector, helping small businesses, providing infrastructure and an enabling business environment,’’ he added.

The President told members of the private sector that his administration had also stimulated growth in the economy by adopting and implementing new strategies to deal with the security situation in the country and tackle rampant corruption.

He said: “When this Government came into office, our three priorities were to increase the level of security across the country, tackle rampant corruption and improve the economy. These three factors are interconnected.

“Without peace and stability, there will never be economic growth and development.’’

According to him, the administration’s view on improving the economy focuses on a bottom to top approach.

“We focused on developing the rural economy which we hope will result in growth that is inclusive.

“Boko Haram and the militants in the Niger Delta started their aggressive operations during the years of high oil prices and GDP growth.

“These young and misguided youths did not benefit from the various statistics and indicators of prosperity we were celebrating in the past decade. No wonder they were recruited to cause violence and mayhem in their localities.

“These three priorities, if addressed, will completely transform Nigeria to a diversified, inclusive and competitive economy. But this is not an overnight transition.

“We are not only transforming systems and processes, but we are also changing hearts and minds.

“We have recaptured and held lost territories. Yes, we still have pockets of insurgency, but our sovereign integrity is intact,’’ he added.

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