RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economics

Buhari- Nigeria Cannot Grow with Persistent Insecurity

Rate Captain by Rate Captain
December 24, 2021
in Economics, News
Reading Time: 3 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

Nigeria’s Inflation Eases to 20.12% in August, Prompting Calls for CBN Rate Cuts

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

African Nations Grapple with Soaring Borrowing Costs in 2025 Amid Inflation Surge

Nigeria’s President Muhammadu Buhari said Thursday that he believes that without addressing the problem of security, the country’s economy cannot grow.

Mr Buhari stated this in Maiduguri, the Borno State capital, while commissioning some projects.

Nigeria has been battling with security challenges for over a decade leading to the deaths of tens of thousands of people.

Although the Boko Haram insurgency, which has claimed about 100,000 lives, preceded the Buhari administration, other forms of insecurity have worsened since Mr Buhari assumed office in 2015.

The North-west region, which was relatively safe compared to the North-east, has become a theatre of war as marauding bandits attack communities at will. Thousands of people have been killed by the bandits in the region, as well as in the North-central, since Mr Buhari assumed office.

Also, separatist agitations have become violent in the South-east with hundreds of people, including security officials, killed in the region.

Amidst the killings, kidnapping for ransom has become rampant in many parts of the country.

In his speech on Thursday, Mr Buhari said his administration will keep giving its best for the development of the country until May 2023, reiterating that he will handover as stipulated by the Constitution.

The president’s spokesperson, Femi Adesina, in a statement said Mr Buhari gave the assurance at the inauguration of Oriental Energies Resource Ltd Hanger, Muhammadu Indimi Distance Learning Centre and an International Conference Centre.

The centre was donated to the University of Maiduguri by businessman Muhammadu Indimi, in Maiduguri, on Thursday.

President Buhari also inaugurated the Tijjani Bolori Memorial Secondary School and the first fly-over in Borno State, Custom Roundabout (3.5km) with a stretch of 10 km Gamboru Ngala Road constructed by the state government.

“I know I swore by the Constitution, and I will leave in 17 months. I pray that the person that will take over from us will also follow the targets of securing the country and building the economy.

“Without securing the country, you cannot grow the economy,” Mr Buhari said.

He added that Nigerians should appraise the performance of the administration based on what the situation was on security, economy and corruption before he came in, and where it is now.

“We have a great country,” he said, “and we thank God for giving us so much resources. But we need to develop our resources.”

The president noted that development would be more sustainable by empowering the people.

On security in the North-west, he said it was sad that the people who lived together, sharing same culture and outlook for a long time would start stealing, kidnapping and killing one another.

According to him, the military will come down hard on the North-west to stabilise the situation, having procured more hardwares.

“I am highly impressed with what I have seen at this state of the art Centre for Distance Learning and auditorium sited here, the University of Maiduguri. I am told that this international conference hall has 1,300 seats.

”The high quality standard of this edifice is a major contribution by Alhaji Muhammadu Indimi. This intervention will benefit not only students from Borno and the North-east but also students from all parts of Nigeria.

“For the Oriental Energy Resources Hangar which I commissioned, it will welcome and offer support services to aircraft and pilots involved with Humanitarian Air Services,” the president noted.

Mr Buhari also commended the Governor of Borno, Babagana Zulum, for the work he had done in two years, noting that he was in the state earlier in June to commission developmental projects.

Previous Post

Singapore Central Bank Reveals $60 Billion Arrangement with U.S Fed to Expire on 31st Dec

Next Post

INEC N305bn Loan too much – National Association of Nigerian Students (NANS)

Related News

Nigeria’s Inflation Eases to 20.12% in August, Prompting Calls for CBN Rate Cuts

by Stephen Akudike
September 16, 2025
0

Nigeria’s headline inflation rate dropped to 20.12% in August 2025, marking its fifth consecutive month of decline from 21.88% in...

Otedola acquires 5.52% of Transcorp Plc.

How I Lost N200 Billion”: Femi Otedola Reflects on His Biggest Financial Setback

by Rate Captain
August 22, 2025
0

In a rare moment of vulnerability, billionaire businessman Femi Otedola has shared the story of how he lost nearly N200...

IMF Lists Top 10 African Nations with Highest Debt Burdens

African Nations Grapple with Soaring Borrowing Costs in 2025 Amid Inflation Surge

by Akpan Edidong
August 6, 2025
0

Across Africa, central banks are wielding high Monetary Policy Rates (MPRs) as a weapon against persistent inflation, currency volatility, and...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Holds Policy Rates Steady Amid Global Economic Challenges

by Stephen Akudike
July 31, 2025
0

The Central Bank of Nigeria (CBN) maintained its key monetary policy instruments at the July 2025 Monetary Policy Committee (MPC)...

Next Post

INEC N305bn Loan too much - National Association of Nigerian Students (NANS)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Aims to Recoup N553 Billion in Unremitted Taxes from International Petroleum Shipping Companies

FG Targets N800 Billion in February Bond Auction, Doubling Last Year’s Offer Amid High Borrowing Costs

February 17, 2026
Nigerian Equity Market Sees Impressive N1.08tn Wealth Gain Amidst Bullish Trading.

NGX All-Share Index Breaks 190,000 Barrier, Market Cap Surges by N5.1 Trillion in Single-Day Rally

February 17, 2026

Popular Story

  • Naira Surges Against US Dollar, Falls Below N1,000 Mark

    CBN Opens Official FX Window to BDCs with $150,000 Weekly Limit  

    0 shares
    Share 0 Tweet 0
  • NGX All-Share Index Surges 6.16% to Record 182,313.08 Points, Market Cap Hits N117.03 Trillion

    0 shares
    Share 0 Tweet 0
  • Brent Crude Holds Above Nigeria’s 2026 Budget Benchmark at $67.78

    0 shares
    Share 0 Tweet 0
  • Telecom Sector Sees Dramatic FDI Surge to $208.51 Million in Q3 2025

    0 shares
    Share 0 Tweet 0
  • Gold Rebounds Above $5,000 as Dollar Weakens and Geopolitical Risks Linger

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>