In his eight years in office, President Muhammadu Buhari claimed to have doubled Nigeria’s infrastructure fortunes.
This was mentioned by Buhari on Saturday in a statement posted to his verified Twitter account.
He asserted that the country’s rising asset and investment profiles should be contrasted with Nigeria’s rising debt profile.
Buhari noted that the recession, the global economic crisis, and the decline in oil revenues all coincided with the infrastructure growth seen under his administration.
“I am proud to say that we have doubled Nigeria’s infrastructure stock to GDP from approximately 20% to over 40% in eight years, and that is no small undertaking,” he remarked.
“This happened when global oil prices plunged to almost zero, when we encountered a recession that was not predicted, when we dealt with a pandemic that was unforeseen and when we are still grappling with the global effects of an ongoing war in Europe.
“Without investing in infrastructure, the road out of poverty is a much tougher one”, he posted.
Recall that Buhari was elected again in 2019 after succeeding former President Goodluck Jonathan in 2025.
On Monday, May 29, President Muhammadu Buhari will take over power to Asiwaju Bola Tinubu, the president-elect.
