Main PageFalling Oil Prices Threaten My Agenda — Buhari
By Johnbosco Agbakwuru
ABUJA—THE President- elect, General Muhammadu
Buhari yesterday painted a gloomy picture in the
economic development of his administration as he
said that the decline in the revenues due to fall in oil
prices poses a great threat to his administration's
development agenda.
GBuhari-oilen. Buhari who visited the newly elected
Senators and House of Representatives members
who are undergoing induction course in preparation
for the 8th National Assembly in Abuja also said that
the decline in revenue would affect the
reconstruction of devastated areas in the country as
a result of insurgency.
He reminded the elected members of the 8th
assembly of the challenges the nation had been
facing which he also said would continue in the near
future.
The challenges according to him include general
insecurity and insurgency that has caused extreme
human hardship and destruction of lives, livelihoods
that would take over a decade to rebuild across
most of North Eastern Nigeria and some parts of
North western Nigeria.
Another threat to his administration according to
him was the devastation and environmental
degradation in the Niger Delta area which he said
must be attended to.
Others include, "endemic corruption which has
crippled human and infrastructure development for
decades. Unacceptably poor provision of power
supply which has had a crippling effect on
development of small businesses and indeed the
wider economy.
"Deindustrialization for the past three decades
leading to closure of many industries and migration
of many to other African countries. Unacceptably
high levels of unemployment and especially Youth
Unemployment reaching over 40 per cent."
Besides, Gen. Buhari mentioned high cost of
governance that has been crowding out the nation's
capital and human development, erosion of public
social services such as infrastructure, health and
education as well as lack of development in the
agricultural and solid mineral sectors as areas that
should be aggressively addressed.
While soliciting the support of the lawmakers, the
President-elect said, "The legislature is a critical
component and necessary ingredient of democracy
and good governance. The legislature by nature is
inherently democratic in the sense that all members
are equal and are elected representatives of the
Nigerian people.
"As President-elect, I recognize this fact and believe
that legislators carry this heavy burden of
representation with all the seriousness it deserves.
"For a president to be successful in addressing
community development and general welfare of the
various people of the country, he or she would
benefit from working closely and in harmony with
the legislative arm of government.
"I therefore commit myself to working with the
legislature as development partners motivated by
the desire to deliver good governance".
He commended President Goodluck Jonathan for
the role he played in the sustenance of democratic
institution by accepting election result, saying that
Nigeria was in the threshold of history.
Bemoaning high cost of governance, he said, "First
and foremost, appropriate policies need to be put in
place and such policies may have to be translated
into laws.
"Secondly, the oversight functions of the legislature
is critical in ensuring that policies are implemented
effectively and transparently. Therefore, my mission
to bring integrity into governance would better
succeed if complemented with a strong culture of
transparent oversight.
"We need to collaborate on the budget process and
restructuring of the public sector so as to
collectively tackle the menace of high recurrent cost
at the expense of capital and human development."
"There is an urgent need to contain this high state of
insecurity. All of you are representing various
communities. We need to work together to address
the problem from both its roots and manifestations.
"The strongest mitigating forces at this point are to
redress the power sector deficits, encourage
investments that are job creating and focus on
human development and reconstruction. We also
need to deploy efforts in conflict resolution and
peace building in all our communities.
"I am here today, to invite you to work with the
executive as partners in progress, as champions of
good governance and development and as warriors
for change. Together, we can make this nation great
and as a role model in Africa and other emerging
economies and democracies."
President of the Senate and Chairman of the
National Assembly, David Mark, who ushered in the
President-elect into the International Conference
Centre, in company of other leaders of the National
Assembly, described the visit as historic.
Noting that it was the first time a President-elect was
considering it worthwhile to address a joint session
of the National Assembly, Mark agreed it was a
historic meeting in the journey of democracy.
For the Speaker, House of Representative and
Governor-elect, Sokoto State, Honourable Aminu W.
Tambuwal, Buhari has extended a hand of
fellowship to the legislature by his personal visit.
Tambuwal however expressed hope that his
colleagues would reciprocate Buhari's gesture by
also extending a sincere hand of fellowship to the
President-elect when his government fully takes
over.
http://www.vanguardngr.com/2015/04/falling-oil-
prices-threaten-my-agenda-buhari/
#sthash.JVeafz3q.dpuf
ABUJA—THE President- elect, General Muhammadu
Buhari yesterday painted a gloomy picture in the
economic development of his administration as he
said that the decline in the revenues due to fall in oil
prices poses a great threat to his administration's
development agenda.
GBuhari-oilen. Buhari who visited the newly elected
Senators and House of Representatives members
who are undergoing induction course in preparation
for the 8th National Assembly in Abuja also said that
the decline in revenue would affect the
reconstruction of devastated areas in the country as
a result of insurgency.
He reminded the elected members of the 8th
assembly of the challenges the nation had been
facing which he also said would continue in the near
future.
The challenges according to him include general
insecurity and insurgency that has caused extreme
human hardship and destruction of lives, livelihoods
that would take over a decade to rebuild across
most of North Eastern Nigeria and some parts of
North western Nigeria.
Another threat to his administration according to
him was the devastation and environmental
degradation in the Niger Delta area which he said
must be attended to.
Others include, "endemic corruption which has
crippled human and infrastructure development for
decades. Unacceptably poor provision of power
supply which has had a crippling effect on
development of small businesses and indeed the
wider economy.
"Deindustrialization for the past three decades
leading to closure of many industries and migration
of many to other African countries. Unacceptably
high levels of unemployment and especially Youth
Unemployment reaching over 40 per cent."
Besides, Gen. Buhari mentioned high cost of
governance that has been crowding out the nation's
capital and human development, erosion of public
social services such as infrastructure, health and
education as well as lack of development in the
agricultural and solid mineral sectors as areas that
should be aggressively addressed.
While soliciting the support of the lawmakers, the
President-elect said, "The legislature is a critical
component and necessary ingredient of democracy
and good governance. The legislature by nature is
inherently democratic in the sense that all members
are equal and are elected representatives of the
Nigerian people.
"As President-elect, I recognize this fact and believe
that legislators carry this heavy burden of
representation with all the seriousness it deserves.
"For a president to be successful in addressing
community development and general welfare of the
various people of the country, he or she would
benefit from working closely and in harmony with
the legislative arm of government.
"I therefore commit myself to working with the
legislature as development partners motivated by
the desire to deliver good governance".
He commended President Goodluck Jonathan for
the role he played in the sustenance of democratic
institution by accepting election result, saying that
Nigeria was in the threshold of history.
Bemoaning high cost of governance, he said, "First
and foremost, appropriate policies need to be put in
place and such policies may have to be translated
into laws.
"Secondly, the oversight functions of the legislature
is critical in ensuring that policies are implemented
effectively and transparently. Therefore, my mission
to bring integrity into governance would better
succeed if complemented with a strong culture of
transparent oversight.
"We need to collaborate on the budget process and
restructuring of the public sector so as to
collectively tackle the menace of high recurrent cost
at the expense of capital and human development."
"There is an urgent need to contain this high state of
insecurity. All of you are representing various
communities. We need to work together to address
the problem from both its roots and manifestations.
"The strongest mitigating forces at this point are to
redress the power sector deficits, encourage
investments that are job creating and focus on
human development and reconstruction. We also
need to deploy efforts in conflict resolution and
peace building in all our communities.
"I am here today, to invite you to work with the
executive as partners in progress, as champions of
good governance and development and as warriors
for change. Together, we can make this nation great
and as a role model in Africa and other emerging
economies and democracies."
President of the Senate and Chairman of the
National Assembly, David Mark, who ushered in the
President-elect into the International Conference
Centre, in company of other leaders of the National
Assembly, described the visit as historic.
Noting that it was the first time a President-elect was
considering it worthwhile to address a joint session
of the National Assembly, Mark agreed it was a
historic meeting in the journey of democracy.
For the Speaker, House of Representative and
Governor-elect, Sokoto State, Honourable Aminu W.
Tambuwal, Buhari has extended a hand of
fellowship to the legislature by his personal visit.
Tambuwal however expressed hope that his
colleagues would reciprocate Buhari's gesture by
also extending a sincere hand of fellowship to the
President-elect when his government fully takes
over.
http://www.vanguardngr.com/2015/04/falling-oil-
prices-threaten-my-agenda-buhari/
#sthash.JVeafz3q.dpuf
Thanks For You Reading The Post
We are very happy for you to come to our site. Our Website Domain name
http://gurusfanz.blogspot.com/.
Newer Posts
Newer Posts
Older Posts
Older Posts
Comments