President Bola Ahmed Tinubu has said Nigeria has become a very high destination for investment despite the many challenges confronting the nation.
President Tinubu also said the economy is on an upward trend and has attracted billions of dollars of investment in the hydrocarbons sector, which he described as unprecedented.
President Tinubu said this on Thursday at the State House when he met with the delegation of the Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI).
The meeting was attended by Vice President Kashim Shettima.
“I have just received the good news that our gas investment has successfully navigated the most difficult river and is progressing very effectively,” he stated, referring to the milestone achieved by NNPC in crossing the River Niger with the OB3 Gas Pipeline.
The pipeline, installed 2km below the riverbed using state-of-the-art HDD technology, opens up a transport capacity of 2 billion scf/day—reinforcing Nigeria’s energy security, power generation and industrial expansion.
He praised the Civil Society Group for the quality of people working on its programmes.
“Thanks for kicking off high-level intellectuality and inquisitiveness in governance. We’ve made it through the edge of bankruptcy; we’re starting to see the light at the end of the tunnel.”
“We have an audacious project – the Sokoto- Badagry highway. In that corridor, we have over 75 dams that can be used for irrigation and technology, and power generation that will serve the majority of Nigerians to improve the quality of life,” he said.
The President also stressed that efforts to improve the security situation in the country were on course and added that the issue of state police was being looked into as “it’s not a situation that you can rectify with a snap of the finger. We shall overcome. “
The Director General, Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI), Kunle Yusuff, told the President that the organisation is a United Nations (UN) accredited non-profit establishment that coordinates various registered Community-Based Organisations (CBOs), Non-Governmental Organisations (NGOs) and Faith-Based Organisations (FBOs), to aid Socio- Economic Development, Community Enhancement and Humanitarianism.
He praised the bold, transformational reforms of President Tinubu’s administration. He assured the organization’s determination to complement government efforts to ensure that citizens appreciate government developmental efforts.
“Mr President, it is neither hyperbolic nor gainsaying to describe you as the architect of Nigeria’s new financial infrastructure. “Revenue outcomes have grown exponentially by over 300%.”
The Director General said Nigeria was doing well in the implementation of the SDGs Global Agenda 2030 with the appointment of seasoned principals to drive this process.
On the administration’s policy on local government autonomy, Yusuff said the President’s position showed the political will to address structural bottlenecks that have hindered governance from reaching the grassroots.
Mr Yusuff also praised the government’s achievements, particularly on infrastructure development, NELFUND and Social Investment Programmes, calling, however, for an increase in the list of beneficiaries.
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