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President Bola Ahmed Tinubu has said that despite the many challenges confronting the nation, Nigeria has become a very high destination for investment.
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 made this known on Thursday at the State House when he received the delegation of the Civil Society Organisation on Community Advancement and Humanitarian Empowerment Initiative (CSCHEI).
The meeting was attended by Vice President Kashim Shettima.
“Just now I have heard the good news that our gas investment has crossed the most difficult river and is progressing very well,” he said, referring to the milestone achieved by NNPC in crossing River Niger with the OB3 Gas Pipeline.
Installed 2km below the riverbed with cutting-edge HDD technology, the pipeline unlocks a transport capacity of 2 billion scf/day, bolstering Nigeria’s energy security, power generation and industrial expansion.
He praised the Civil Society Group for the quality of people working on its programmes.
“Thank you for introducing 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 a bold project, the Sokoto-Badagry highway. “We have over 75 dams in that corridor 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 prevail.
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 the Tinubu administration. He assured the organization’s determination to complement government efforts to ensure that citizens appreciate government developmental efforts.
“Mr President, it is not an exaggeration or a contradiction to describe you as the architect of Nigeria’s new financial infrastructure. The revenue outcomes have seen exponential growth of 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.
Speaking on the administration’s policy on local government autonomy, Yusuff stated that the President’s position represented the political will to tackle the structural bottlenecks that have prevented governance from reaching the grassroots.
Mr Yusuff also commended the government for its accomplishments especially in the areas of infrastructure development, NELFUND and Social Investment Programmes, but however called for more beneficiaries.
