Tuesday, February 27, 2024

Tinubu : I Inherited Serious Liabilities From Buhari

President Bola Ahmed Tinubu has stated that his administration inherited significant liabilities from his predecessors, expressing concern over serious deficits in Nigeria’s port and power infrastructure, as well as agro-allied facilities.

Despite these challenges, he acknowledged the presence of assets inherited as well. This declaration was made during negotiations in Mecca, Saudi Arabia, where President Tinubu discussed securing a multi-billion dollar infrastructure finance facility from the Islamic Development Bank.

The aim is to address these deficits and fund a diverse portfolio of infrastructure projects at both federal and sub-national levels in Nigeria.

The announcement of these negotiations came through a statement from the President’s spokesman, Ajuri Ngelale, emphasizing Nigeria’s potential as a beacon of hope for Africa.

President Tinubu expressed determination to create a promising future for the nation’s youth through high-yielding investments, foreseeing seamless processes that attract investor money into and out of the country.

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