Buhari stated this in Abuja on Sunday in a nationwide
broadcast to mark one year anniversary of the All Progressives Congress-led
He disclosed that already a significant amount of the
stolen assets and funds had been recovered, some of
which were in different locations.
The president assured that the recovered funds would be credited to the federation account after all necessary
We are also engaged in making recoveries of stolen assets some of which are in
The processes of recovery can be tedious and time
consuming, but today I can confirm that thus far:
significant amount of assets have been recovered.
“A considerable portion of these are at different stages
of recovery. Full details of the status and categories of the
assets will now be published by the Ministry of
Information and updated periodically.
“When forfeiture formalities are completed these monies will be credited to the
treasury and be openly and
transparently used in
projects and the public will be informed,’’ he said.
While speaking on the Niger Delta, President Buhari
reiterated the commitment of his administration to
implementing the United Nations Environment
Programme report, saying that government was
operations in the region.
“I believe the way forward is to take a sustainable approach to address the issues that affect the delta
communities. Re-engineering the amnesty programmes is an example of this.
He, however, frowned at the
recent spate of attacks by militants disrupting oil and
power installations in the Niger Delta areas.
The president said such attacks would not distract him from engaging leaders
in the region in addressing Niger Delta problems.
“If the militants and vandals are testing our resolve, they
are much mistaken. We shall apprehend the perpetrators
and their sponsors and bring them to justice.
“The policy measures and actions taken so far are not to be seen as some experiment in governance.
“We are fully aware that those vested interests who have held Nigeria back for so long will not give up without a fight.
“They will sow divisions, sponsor vile press criticisms
at home and abroad, incite the public in an effort to create chaos rather than relinquish the vice-like grip
they have held on Nigeria,’’ he maintained.
According to President Buhari, the economic misfortune the country is
experiencing from the very low oil prices has provided
the nation with an
opportunity to restructure the economy and diversify.
He said that his
administration was in the process of promoting agriculture, livestocks, exploiting the solid mineral
resources and expanding the
nation’s industrial and manufacturing base.
The president stated this process would make the nation to import less and
make the social investments
necessary to allow the country to produce a large and skilled workforce.
He revealed that the Central Bank of Nigeria (CBN) would
also offer more “fiscal incentives for business that prove capable of
manufacturing products that are internationally
He said the APC-led
government remained committed to reforming the
regulatory framework, for
investors by improving the ease of doing business in
President Buhari noted that already the first steps along
the path of self-sufficiency in rice, wheat and sugar (big
users of our scarce foreign exchange) had been taken.
According to him, the Labour Intensive Farming Enterprise
will boost the economy and ensure inclusive growth in
long neglected communities.
While expressing concerns over rising cost of foods such as maize, rice, millet,
beans and gari, the president said the special intervention
funds through the Bank of Agriculture would provide
Farmers tell me that they are worried about the cost of
fertilizers, pesticides and the absence of extension services.
“The federal and state
governments are on the same page in tackling these hurdles in our efforts at
increased food production and ultimately food security.
“I would like to take this opportunity to express my appreciation for the
increasing role that our women are playing in
revitalizing the agricultural sector.
“Modern farming is still hard and heavy work and I salute
our Nigerian women in sharing this burden.’’
President Buhari announced that the government would
soon inaugurate the national women’s empowerment fund.
He disclosed that he had already approved N1.6 billion in micro-finance loans to
women across the nation to assist in rehabilitating the
economies of rural
communities, particularly those impacted by the
insurgency and conflict.
To All My Readers, I Wish You All A Happy Democracy Day!