Nigerians has reacted to the administration of General Muhammadu Buhari who has been seen to be the worst administration in the history of Nigeria, due to the inability for masses to survive as inflation hits accessible and consumable items, is set to go for the heart blowing debt of 2.3trillion dollars.
According to some reaction of Citizens on the popular social media platform Twitter, it says
“Everyday they come up with new figures for infrastructure and other projects. What happened to the billions misappropriated to search for oil in the North? Have they found the oil and if not what happened to the billions of dollars?”
“Nigeria need an inclusive governance to address its poor infrastructures not this huge money. List all the socio-economic challenges facing Nigeria and make it open for entrepreneurial intervention. Simple as ABC.”
“We have been hearing this deficit for donkey years. We are where we are because you people continue to budget the money for these projects every year with no execution. Abeg, leave the deficit alone. You are just looking for a way to take your own national cake too.”
Following the information gathered from newsmen by Shegze, the Federal Government has said that the country need $2.3tn to address for its national integrated infrastructure masterplan.
Secretary to the Government of the Federation, Boss Mustapha, said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised by Business Hallmark.
According to him, the 23-year masterplan (2020-2043) is for the development of infrastructure including roads, railway network and maritime sector.
The event was chaired by a former national chairman of the All Progressives Congress and former governor of Edo State, Chief John Odigie-Oyegun.
According to Boss Mustapha, he said “Conscious of the economic disruption caused by 2016 recession and COVID-19 as well as challenges of previous reforms, the Federal Government revised the 23 year (2020-2043) national integrated infrastructure masterplan that identified critical enablers.
“For the 23-year period, $2.3tn will be required, translating to about $150bn annually and the private sector and other partners have to provide 56 per cent, while Federal Government and state governments will provide 44 per cent of the share of the investment.
“The Federal Government has made important strides towards providing much of our infrastructure and has, in recent years, conducted several infrastructural reforms.
“Specifically, we are extending and upgrading the nation’s railway network and introducing more locomotive couches. The port sector has been converted to landlocked model and terminal.
“Similarly, Public Private Partnership style infrastructure company with an initial seed capital of N1tn envisaging to grow over time to N6tn in assets and capital has been established and will soon commence operation.
“It will be one of the premier finance entities in Africa and will be wholly dedicated to Nigeria’s infrastructure development.
“As for water quality, 90 per cent of water consumed, including water from the boreholes, are contaminated and water is the basic necessity of life.”
Oyegun, in his contribution at the event, said six years going, the performance of the regime of the President, Major General Muhammadu Buhari (retd.), had been mixed.
Minister of Works and Housing, Babatunde Fashola, said the Federal Government currently has about 895 ongoing contracts in the country.
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