Home NIGERIA Guterres, Buhari to co-chair UN special session on Lake Chad Basin

Guterres, Buhari to co-chair UN special session on Lake Chad Basin Updated for 2021

82,139FansLike
2,966FollowersFollow
2,690SubscribersSubscribe
82,139FansLike
3,122FollowersFollow
2,690SubscribersSubscribe

Updated: February 24, 2021


President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad.

Receiving the response of the Secretary-General to his earlier letter through the President of the African Development Bank, ADB, Nigeria’s Dr. Akinwumi Adesina at the State House, Abuja on Tuesday, President Buhari said such a Special Forum was necessary in view of the size of capital required for the project which was unavailable to the Lake Chad Basin countries.

[read_more id="2" more="Read full article" less="Read less"]

Addressing issues directly related to the ADB, the President expressed delight with successes recorded in the four years of Dr Adesina’s tenure at the Bank.

President Buhari specifically cited the Bank’s contribution to the growth of Nigeria’s agriculture and infrastructure, and commended what he called “its critical gesture in 2016 during the difficult period of economic recession through the issuance of USD600 million budget support facility.”

The President used the occasion to highlight the successes achieved by the administration through the implementation of the Economic Recovery and Growth Plan, ERGP. He stressed that his focus will continue to be on diversifying the economy and making it more inclusive as well as the creation of jobs in critical sectors like the Information Communication Technology, ICT and manufacturing so that “young people will earn a decent living.”

While noting that a lot is being achieved in providing guaranteed off-takers for farmers, and in the provision of infrastructure that include airports, rail, roads and water ways, President Buhari admitted that “we still have significant work ahead in the provision of power, small scale cottage industries and promotion of the agro-industrial zones coming up in the country.”

He then asked for ADB’s continued support in this regard.

In his presentation, Dr Adesina thanked President Buhari for his support, without which, he said, he would not have been ADB president.

He listed his record of achievements in the last four years among which lending to critical sectors of the Nigerian economy grew to an unprecedented 4.3 billion US Dollars.

Dr Adesina told President Buhari that the fortunes of the Bank had significantly improved, earning global ratings in accountability and transparency, improved incomes and for making impact on the lives of millions of its target population.

The ADB president sought for the support of the Nigerian leader for a “general capital increase” to fast track the development of the Bank, to which President Buhari gave all assurances and directed the Ministry of Finance to engage and expedite action on the issues brought to the government by the ADB.

[/read_more]

Garba Shehu
Garba Shehu
Malam Garba Shehu is the Senior Special Assistant, Media and Publicity, to Nigerian President, Muhammadu Buhari. This is an official statement from him. The headline might have been adjusted.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

TRENDING

Human Rights Watch concludes Abiy Ahmed’s soldiers bombed civilians to death, schools, hospitals and markets in Tigray region

Ethiopian federal forces carried out apparently indiscriminate shelling of urban areas in the Tigray region in November 2020 in violation of the laws of war, Human Rights Watch said on Wednesday. Artillery attacks at the start of the armed conflict struck homes, hospitals, schools, and markets in the city of Mekelle, and the towns of Humera and Shire, killing at least 83 civilians, including children, and wounding...

Stay connected

[/read_more]

[read_more id="2" more="Read full article" less="Read less"]

error: Alert: Content is protected !!
Reddit
Tweet
Share
Share
Pocket
Share
More