President Muhammadu Buhari has announced that his eight years in office has doubled Nigeria’s stock of infrastructure to GDP by 20%. In a tweet on his verified Twitter handle, he stated that investing in infrastructures would make it easier for Nigeria to exit from poverty. He added that Nigeria’s rising debt profile should be compared to the country’s investment profile, saying that his administration’s infrastructural growth happened amid oil plunges, recession, and global economic downturns.
The President said, “In eight years, I am proud to say that we have doubled Nigeria’s stock of infrastructure to GDP from about 20% to over 40%, and that is no small undertaking.” He further explained that infrastructure is needed to make the road out of poverty a much easier one.
Buhari took over his leadership in 2015 from former president Goodluck Jonathan and was re-elected in 2019. On May 29, 2023, he will hand over the mantle of leadership to Bola Ahmed Tinubu.
