President Muhammadu Buhari on Thursday at the United Nations General Assembly, UNGA, in New York, United States expressed happiness that the present administration’s investments in improving security were yielding good dividends across the country.
Speaking further, Buhari gave kudos to the Nigerian military and other security agencies for making significant progress in the fight against insecurity and building the momentum in reducing challenges to its barest minimum.
Speaking at the Nigeria International Economic Partnership Forum held on the margins of the 77th UN General Assembly in New York, the president pledged that the federal government would do more to improve security, recognising that the sector was another critical element in the flow of investment, and overall economic and infrastructural development.
He explained: ”We will continue to give all necessary support to our security outfits to ensure that they are able to tackle the challenge headlong,”, adding that, ”the advantages and disadvantages of investing in Nigeria far outweigh the challenges.”
Buhari, who was represented at the opening session by his Chief of Staff, Prof. Ibrahim Gambari, also declared that in spite of the global crisis fueled by the Ukraine-Russian war, the COVID-19 pandemic and insurgency in some parts of the country, Nigeria was on course to taking her rightful place in the global economy.
While attributing the country’s success story to the implementation of reforms aimed at attracting foreign investments and sustained improvement in governance, he noted that the quarterly GDP growth in Q1 2022, was mostly driven by the non-oil sector, giving credence to the revenue source diversification agenda of government.
The president, however, acknowledged that more still needed to be done to improve private capital flows into Nigeria through foreign direct investments, financing of infrastructure, affirming that the administration was leveraging the Integrated National Financing Strategy to address this.
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