Jubilation As Buhari’s Latest Move Set To Shake Up The Entire Economy For Good

By Post-Nigeria: October 24, 2019 19:48

Jubilation As Buhari’s Latest Move Set To Shake Up The Entire Economy For Good

The Buhari Media Organisation, BMO, has said that the over one hundred and fifty billion dollars of foreign investments garnered by Nigeria at the Russia-Africa Summit that held in Sochi, Russia, is monumental, and has the potentials to lift the economy substantially.

According to the BMO, Russia will invest huge sums of money in different sectors of the Nigerian economy. 
In a statement signed by its Chairman, Niyi Akinsiju, and Secretary, Cassidy Madueke, the largesse include a ten billion dollar coastal rail line, which will traverse Lagos, Benin, Onitsha, to Calabar, in Cross River State. “Another is eighty billion dollars in nuclear energy, with four nuclear plants to be built in four regions of the nation.

“Other phenomenal gains of President Muhammadu Buhari’s trip to Russia, is the investment of about 1.5 billion dollars in the revival of the long-abandoned Ajaokuta Steel project, and two billion dollars for Military equipment; two billion dollars will be invested in wheat production. “BMO believes that President Muhammadu Buhari is leading from the front as he promised, and the results are manifesting with the huge inflow of foreign direct investments.

“It is on record that the global investments analysis company, Ernst and Young, had rated Nigeria third in Africa, in the inflow of foreign direct investments, in 2018. What this shows is that under Buhari, there is a renewed confidence in Nigeria’s economy, and the future is bright.
“We therefore, commend the tireless efforts of Mr. President, to re-position the country in all facets of life, and enjoin Nigerians to continue to lend their support.”

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