President Muhammadu Buhari Monday in Abuja called on Nigeria’s elite to
be prepared to contribute more meaningfully towards helping the country
overcome its current challenges.
Speaking at an audience with the outgoing President of the African
Development Bank (AfDB), Dr. Donald Kaberuka, President Buhari said that
privileged and influential citizens clearly have to do more now than in
the past to help the country deal successfully with its economic and
security problems.
“With the shock of falling oil prices, lack of revenues, and insecurity,
the Nigerian elites must now wake up and provide the right guidance in
their communities, and also lead the economy on the right path more than
they used to do,’’ the President said.
President Buhari also told Mr. Kaberuka that his administration will
welcome more support from the AfDB for projects in versatile sectors like
agriculture that can easily be explored to create more jobs for unemployed
Nigerians.
“An impression has been erroneously created that we are a rich country but
looking at the economic profile of the country today, you will see that
that is not necessarily the case.
“Our social services have to be seriously rehabilitated. We need urgent
attention on areas like education and health services, not only in the
north eastern part of the country, but all round the country.
“We will fall back on institutions like the AfDB for support in generating
employment. We have vast potentials in the agricultural sector that can be
explored to create more jobs.
“We also have small businesses that need funds for expansion,” the
President told Mr. Kaberuka and other AfDB officials.
The outgoing AfDB President told President Buhari that some development
institutions like the World Bank, German Development Bank and the
European Development Bank had already indicated their readiness to
provide long term loan facilities to small businesses in Nigeria.
Mr. Kaberuka assured the President that the AfDB will always support
economic projects in Nigeria.
Dr. Akinwunmi Adesina of Nigeria will replace the outgoing AfDB President
next month.
The AfDB currently has a strong capital base of 4.8 billion U S dollars.