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President-elect to give priority to capital expenditure to develop Nigeria

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By Becky John

The President-elect, Gen. Muhammadu Buhari, said that his administration would give priority to capital expenditure in budget as part of efforts to develop the country. Buhari stated this on Saturday in Daura, Katsina State, while fielding questions from newsmen.

“Over 90 per cent of Nigerian budget is on recurrent expenditure.

“There must be much money available for capital expenditure to provide more infrastructure in our industries that will attract investments and develop the country,’’ he said.

He said that was because of the relevance infrastructure had in the development of a country. Buhari said this would assist the nation to realise its dream of becoming among the developed economies in the world. He said that infrastructure development would also assist to create job opportunities for the teeming number of unemployed youth in the country that were up to 60 per cent. The president-elect also assured Nigerians that his government would do more to revive the education system in the country.

“Our education system has virtually collapsed, Nigerians voted APC.

“We are going to do something on education because improving educational system will solve much of our problems,’’ he said.

He also said that he would appoint knowledgeable and experienced technocrats to study handing over notes by ministries and make recommendations.

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