The Presidency says that an estimated N2.7 trillion ($13.6 billion) worth of direct investment will be benefited by Nigeria from President Muhammadu Buhari’s recent state visit to the United States.
According to the Presidency, apart from the economic benefits, plans were already in motion to lift restriction of the flow of military support for Nigeria’s war against insurgents in the North-East.
The presidency made the disclosure as a result of increasing reports that the visit by the President to the United States, was wasteful and not beneficial to the country.
In a statement released on Wednesday, August 5, the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu, made some clarifications.
“The benefits of this symbiotic relationship will become more and more evident as the Buhari administration continues to tackle the challenges of corruption, security and the economy.
Some of the more immediate benefits of the President’s trip to the U.S include: the proposed $2.1 billion fund from the World Bank for the re-development of the northeast battered by Boko Haram; $5 billion from US investors in Nigeria’s agriculture sector; $1.5 billion investment in the Nigerian health sector; and another $5 billion investment from the U.S. in our country’s power sector.
Also, as things stand at the moment, the embargo on the sale of weapons sales to Nigeria is in the process of being removed.
The trip to the U.S by President Buhari was definitely very successful and beneficial to Nigeria. Only those rabidly determined to find faults unnecessarily will cook up falsehood in a futile effort to rake up murk where none exists.”