Buhari seeks stronger partnership with banks to improve infrastructure - Saga Gist - Top Source for Nigeria News


Thursday, July 12

Buhari seeks stronger partnership with banks to improve infrastructure

President Muhammadu Buhari on Thursday in Abuja called for stronger partnership with lending banks to reduce the nation’s infrastructure deficit.

He also assured of his administration’s full commitment to implement all agreements.

The President spoke while receiving the Board of African Export and Import Bank, AFREXIM, led by Dr Benedict Okey, at the Presidential Villa, Abuja.

In a statement by the Senior Special Assistant on Media and publicity, Garba Shehu, the President said the Federal Government will keep “knocking on the doors’’ of the banks to participate more in building infrastructure and developing the real sector.

“We are grateful for the much you are doing for us, but we will continue to knock on your doors for more and more as we strive to overcome our infrastructure deficit.

“We realise that we do need money to fix the appalling state of infrastructure we met; to do roads, railways, power and communications – a sector now mostly in private hands which is doing very well.

“Don’t be tired of us. We will be coming to you again and again.  Please accommodate us,’’ the President told the Board of AFREXIM.” he said

President Buhari said the nation already faces a challenge of fixing and putting in place long delayed infrastructure and will need strong partnerships for quick and better results.

The President said it was an honour for Nigeria to host AFREXIM’s Annual General Meeting and 25thAnniversary in Abuja.

In his remarks, the President and Chairman of AFREXIM Board of Directors, Dr. Oramah expressed satisfaction with the support of the Nigerian government in the operations of the bank, noting that the bank’s confidence in Nigeria justifies the huge loans it had granted to the country.

He said the 20,000 participants attending the Annual General Meeting had already expressed their satisfaction with the quality of arrangements for the event, which includes security.