The Federal Government has revealed the true reason why it allocated a greater percent of the budget to capital projects.
President Muhammadu Buhari
President Muhammadu Buhari has provided more reasons why a whole 30 percent of the budget was allocated to capital project. He revealed the reasons that necessitated such move in an interview on Christmas eve.
When asked in an interview with Mansur Liman of the BBC Hausa service, the president said the move was because of the government's sincerity to address issues militating against the growth of Nigeria as a state. He said his government took such measures in order to fulfill their mandate to the people.
"It is a must. Remember during the campaigns, we said Nigeria is facing three things and nobody disputed that assertion. Firstly; there was widespread insecurity, war in the north east, while the country’s oil was being stolen at random in the south; secondly; there is massive unemployment, 62 per cent of the nation’s population are youth from the age of 35 years downward; most of them are unemployed, including those who went to school and those who did not, that is a serious problem. Therefore, it has become necessary to restore peace and create employment.
"That is why we are returning to agriculture and mineral resources. Thirdly, bribery and corruption was basically suffocating the country. If we don’t kill these monsters, this country would go down.
"That is why those who stole monies meant for arms procurement and shared it among themselves are being arrested and are being shown documents, so that they would be asked to refund the money or face prosecution; we would use those documents to prove what they stole, collect all the assets acquired from the proceeds and then jail them." Buhari said.