Home Finance & Economy Buhari Lists Economic Achievements In His Independence Day Speech, Praises Emefiele

Buhari Lists Economic Achievements In His Independence Day Speech, Praises Emefiele

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President Buhari has remind Nigerians of some of the achievements of his administration, using the occasion to praise his administration’s economic achievements in the last seven years.

In his speech to mark Nigeria’s 62nd Independence Anniversary celebration at Eagle Square in Abuja on Saturday, Buhari reiterated how Nigeria is now better positioned for economic growth.

From Agriculture to oil and gas, he disclosed how his administration policies are working to help Nigeria, devoting attention to the contribution of the Central Bank of Nigeria policies as led by Godwin Emefiele.

The President used some portion of his address reassuring Nigerians that his government was not a failure on the economic front.

“In assumption to office, I pledged to improve the Economy, tackle corruption and fight Insecurity, and this was further strengthened by my commitment to lift 100 million Nigerians out of poverty in ten years as the central plank of my second term in 2019.

“To the Glory of God and His Grace as well as the commitment and passion displayed by many Nigerian supporters, we have made appreciable progress in these areas but not yet at our destination.”

Other economic achievements listed by Buhari in his speech is the implementation of the Treasury Single Account, which he said has helped cut down on the cost of governance.

He pointed out: “Our efforts in re-setting the economy manifested in Nigeria exiting two economic recessions by the very practical and realistic monetary and fiscal measures to ensure effective public financial management.”

Buhari also listed the passage of the Petroleum Industry Act, 2021, as one of his achievements which he believes will help attract foreign investments in the Oil & Gas sector.

Buhari also lauded CBN interventions, especially in the agricultural Sector. According to him, Emefiele-led CBN through a series of incentives to Micro, Small and Medium Scale Enterprises have helped create millions of jobs.

“Leading this initiative, the Central Bank of Nigeria’s intervention in a number of areas as well as the Anchor Borrowers Programme had created the required leverages for Nigerians towards self-sufficiency in food and the necessary attraction for farming as a business.”

“The growing contribution of non-oil exports, especially in agriculture, information and communication technology as well as the performing arts to our national economy will enhance our foreign exchange, he assured.

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