President Buhari on Tuesday September 15, explained why his administration resorted to borrowing money.
Speaking in a virtual meeting with members of the Presidential Economic Advisory Council (PEAC), Buhari said the strategic reason for borrowing was to provide the infrastructure to make the country attractive to investors.
According to the President in a statement released by his spokesperson Malam Garba Shehu, the country must fix roads and save lives from perishing in road accidents,
Buhari noted that the country’s failure to provide infrastructure for effective transportation had robbed the country of its well-deserved status.
“We have so many challenges with infrastructure. We just have to take loans to do roads, rail and power, so that investors will find us attractive and come here to put their money.”
On the economy, Buhari said;
“We have to accept that decision; otherwise they (Middle-East producers) can flood the market and make the product unviable. So we have cooperated with what we get. With oil, we are in a difficult situation. The politics of oil is that the less you produce, the less you earn.
“For us to bounce back to productivity, especially in agriculture, the unemployed with many of them uneducated had to be persuaded to go into agriculture.
‘‘If we hadn’t gone back to the lands we would have been in trouble by now. That is why we virtually stopped the importation of food thereby saving jobs and foreign exchange.”
The Nigerian leader also commented on the issue of COVID-19 pandemic and how it necessitated the government policies on energy (electricity) and petrol.
“COVID has reduced us to the same level as developed countries.
‘‘We are lucky we went back to the land. We eat what we produce. We are doing our best to secure the country and provide infrastructure for investment to be viable in the country.”
Update: Abductors of catholic priest demand ‘N100m ransom’
The Kidnappers of Reverend father Matthew Dajo of the St Anthony Catholic Church in Yangoji village, Kwali Area Council in Abuja suburb, are reportedly demanding for N100 million ransom before the victim will be set free.
The Catholic priest was abducted on Sunday, November 22 around 9:47:pm. It was gathered that the gunmen stormed the catholic priest’s residence with sophisticated weapons and then whisked him away.
A member of his church told Daily Trust that contact was established with the kidnappers on Saturday, and they have demanded N100 million as ransom.
“And you know since he was abducted, his abductors did not call until on Saturday and they are demanding for N100 million, but I don’t know at what figure has the man who is negotiating with them has been able to arrive at,” he said.
The insider said members of the church are facing a major problem on how to raise the large sum as it’s against the rules of the church to pay for ransom. He also stated the church is solely depending on the family members and relatives of the victim to source for ransom.
“And the other thing we are more worried about is that when a reverend father is abducted, it is against the rules of the church to pay for ransom, except the family members, friends or relatives of the victim can take such responsibility,” he said.
Zahra Buhari reacts to the murder of rice farmers in Zabarmari
Zahra Buhari-Indimi has reacted to the murder of 110 rice farmers in Zabarmari village in Borno state.
The daughter of the president of Nigeria shared a newspaper shot of the Zabarmari massacre and wrote: “My heart bleeds”.
Her reaction comes two days after Boko Haram terrorists attacked rice farmers in their farms and slaughtered them. The death toll was initially at 43 but has now been updated to 110.
Disappointed customer shows dress she ordered and what her tailor made
A customer who asked a tailor to make her a dress was left disappointed at what was delivered.
The woman shared a photo of the dress she ordered and what was delivered.
She explained that a friend introduced her to the tailor who then sent her 5 dresses to choose from. She chose one and the tailor charged her 70,000 Naira.
She haggled down to 65,000 Naira and made payment for the dress.
However, the dress was not ready on time for her birthday. When it finally came, it was nothing like what she ordered.
The Twitter user was told that she probably ordered an inferior material but she explained that the tailor handled everything, including sourcing the material for the dress.
She went on to share videos to show how the finishing was.
She added that she asked the tailor to keep 25,000 Naira and make a refund of 40,000 and she’ll return the dress, but the tailor refused.
Below are tweets shared by the disappointed customer alongside videos of the dress delivered.