President Buhari promises to spend more on infrastructure development
President Muhammadu Buhari on Thursday said his administration is committed to increasing spending on the provision of infrastructure across the country and focusing on finishing projects delivered by local contractors and technology that create jobs for thousands of Nigerians.
Buhari, who spoke at the virtual inauguration of the new headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) in Yenagoa, Bayelsa State, said iconic 17-storey building reflects his administration’s drive to provide infrastructure across the country to attract investments, create jobs and eradicate poverty.
In a statement by his spokesman, Femi Adesina, the president was quoted as saying “With the commissioning of this project, I want to highlight that we have put in place a landmark of reference in the Niger Delta to reflect long-lasting legacies that signpost the years of oil and gas exploitation and I assure you that there is more to come,” he said.
“This commissioning brings to the fore the importance of local content in all activities of our national life, especially with the prevailing COVID-19 pandemic.
“I believe strongly in local production and patronage of our goods and services as one of the surest ways to empower our citizens and give them viable opportunities to excel in their chosen professions and business endeavors.
“That is why two of the Executive Orders issued under our government are related to enforcing local content in public procurement and contracts to further replicate the successes being realized in the oil and gas industry.
“Local Content and Self Reliance are key principles of the recently approved 2.3 trillion Naira National Economic Sustainability Plan. The plan is aimed at the promotion of local production, local services, local innovation, and the use of local materials,” the president said.