Buhari eager to preach change, pins surprising figure for October 1

By Cynthia Ferdinand September 22, 2015 16:44

Buhari eager to preach change, pins surprising figure for October 1

Amidst Economic challenges and dwindling revenues in the country President Muhammadu Buhari has approved N70million for 2015 Independence celebrations.

The Secretary to the Government of the Federation, SGF, Babachir Lawal represented by the Permanent Secretary in the Office of the Secretary to the Government of the Federation, OSGF, made the disclosure.

He stated that the President grudgingly approved the N70m after complaining that he would have preferred the money is diverted for the payment of workers’ salaries.

    “This year’s celebration is indeed low key because the present administration appreciates the economic hardship that Nigerians and the nation is confronted with today and he almost slashed it downward from N70m.”

According to him the President had argued that the money was too much to be spent on frivolities such as celebrations when Nigerians are grappling to survive the present day economic stress.

    “To address the situation, government has adopted a general policy to be very prudent in the management of our financial resources, so this year’s celebration is, therefore, in consonance with the cost-saving policy direction of this administration.”

He further listed the itinerary to mark the Independence Day celebration approved by the Buhari.

Towards a successful celebration the SGF said “four events have been approved by the president to manage the entire celebration process.

      “The events are: Juma’a prayers, international thanksgiving service, ceremonial change of guards and a children’s party.”

“Apart from these four events the president will also address the nation on October 1.

“To ensure a successful commemoration, four sub-committees have been constituted to handle the preparations for each of the four events,” he added.

President Mohammadu Buhari since assumption of office on May 29, 2015, has overseen the already dwindling economy as he has failed to produce the Economic Blueprint to take the Nigeria economy to great heights.

Compared to past administrations, Buhari’s October 1 celebration budget, is the least ever, bearing in mind the prevailing economic condition of Nigeria.

See: FG keeps Mum on Economic policy, as the Economy continues to plunder

See: 3 weeks into Buhari’s administration the Nigeria Economy begs for direction

Three months after he has continued to promise that he has the interest of the nation at heart but nevertheless food prices continue to increase. JP Morgan has de-listed Nigeria from its government bond index-emerging markets, GBI-EM and the unemployment rate has increased

See: Why JP Morgan Kicked Nigeria Out of its rankings.

See: Nigeria Unemployment has risen to 7.5%.

See: NSE Boss Calls for Immediate salvation of the economy.