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Stop complaining Nigeria’s Economy is doing better under Buhari – Presidency

The Presidency took Buhari’s critics to the cleaners by declaring Nigeria was doing better in the current recession than when it had a buoyant economy. The bullish note was struck by Mr Laolu Akande, the Senior Special Assistant to the Vice President on Media and Publicity on Sunday. He said, ” In spite of the drop in revenue we have paid out almost N800 billion for infrastructure, for capital projects, more than what was budgeted for last year. As a matter of fact, If you go and compare it, I am sure that you will find out that the last couple of years it is the highest that has been paid for capital expenditure in recent years. “We have almost paid about N735 billion or thereabout. Because we understand infrastructure must play mostly a leading role…” He expressed confidence that the administration was on the right economic direction. He assured Nigerians that the Economic Team led by the Vice President had integrity and solid understanding of what public policy ought to be Akande, added that people were not paying attention to the gains so far made by the economic team in the area of investment. He said that due to present economic policies foreign investors were seeking for ways to invest in the country. “The Chinese are coming, General Electric is going to invest billions in the railway, we have people coming from Mexico to start agricultural production here in Nigeria. “There are all kinds of interests, but people focus only on those hot money portfolio people who just want to make money and go out now. “But if you look at those who wants to be in Nigeria for that long they are coming and they are coming heavily.’’

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