Barely 48 hours to the inauguration of another administration, President Muhammadu Buhari has said that his eight years tenure has doubled Nigeria’s infrastructural fortunes.
In a statement on his verified Twitter handle on Saturday, President Buhari said that Nigeria’s stock of infrastructure to Gross Domestic Product have grown significantly by 20 per cent under his watch.
He noted that without investing in infrastructure, it would have been tougher exiting poverty.
He stated that Nigeria’s rising debt profile should be compared in relation with the Country’s rising assets, investments profiles.
He explained that the infrastructural growth recorded under his administration happened when oil plunged, recession and global economic downturns.
“In eight years, I am proud to say that we have doubled Nigeria’s stock of infrastructure to GDP from about 20 per cent to over 40 per cent, and that is no small undertaking.
“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.
In 2015, Buhari, a former military leader, took over the mantle of leadership from former President Goodluck Jonathan. He was re-elected in 2019.
On Monday, President Buhari will hand over to Asiwaju Bola Ahmed Tinubu.
