*Says nation’s economy now ripe for increased investment *Says govt taking bold steps to address revenue underperformance President Muhammadu Buhari has expressed happiness that the present administration’s investments in improving security are yielding good dividends across the country.
President Buhari, who was represented at the opening session by his Chief of Staff, Prof. Ibrahim Gambari, also declared that in spite of the global crisis fuelled by the Ukraine-Russian war, the lingering COVID-19 pandemic and insurgency in some parts of the country, Nigeria is on course to taking her rightful place in the global economy.
”The present growth in our service sector is promising. Further privatization, foreign investment, globalization and competition will serve to stimulate growth and competition in the service sector and the economy as a whole. He explained that the strategy seeks to identify ways to expand the financing envelope of the Sustainable Development Goals in Nigeria, enhance the sustainable development impact of financing by seeking to integrate and align public and private financial policies, regulatory frameworks, instruments, and business processes with sustainable development.
”Of the 14.3 percent government contribution, FGN capital expenditure will be N29.6 trillion while the Sub-National Governments’ capital expenditure is estimated to be about N20.1 trillion .