UNBELIEVABLE! Buhari Approves 15 Trillion Naira, See What The Money Is Meant For

A Presidential approval has been granted for the establishment of Infraco Plc in Nigeria.

Nigerian President Muhammadu Buhari approved by signing a $36, 407, 766000 a naira equivalent of N15 trillion naira.

Infraco Plc is an infrastructural development vehicle with an undisclosed capital base.

The company did not reveal how it intends to raise the said needed capital for the infrastructural project it is et to embark upon.

On Saturday, during his Democracy Day Broadcast, President Muhammadu Buhari revealed the approval of the company.

He expressed the belief that when the company fully commences work, it would help to give a facelift to Nigeria' s infrastructural demands.

According to President Buhari, the infrastructural development of Nigeria, would, in turn, help transform the nation' s economy.

President Muhammadu Buhari opined that the government he leads has improved on Nigerian infrastructural development.

He said his achievements in infrastructural development were made possible through his calculative borrowing, increased cash flow, boosting and improving capital flow by netting more tax bases, and the clinical management of investment funds domiciled in the Sovereign Wealth Fund.

According to President Buhari, the Nigerian rail system is part of the infrastructure to be handled by Infraco as the Itakpe- Warri standard gauge rail was commissioned after thirty years of the commencement of its work.

The Nigerian President added that the Lagos Ibadan railway track, which he inaugurated on June 10, has started work.

In his words:" We are focused on ensuring that our infrastructure drive is key to economic growth and one that can be felt by every Nigerian. Building critical infrastructure in our ports is also opening up opportunities for the Nigerian economy. "

The President mentioned the comment of his administration to transform the nation' s maritime sector.

According to him:" My approval for four new sea pots using a Public- Private Partnership approach is hinged on growing the Nigerian economy. These four seaports; Lekki Deep Sea Port, Bonny Deep Sea Port, Ibom Deep Sea Port, and Warri Deep Sea Port will provide lots of employment opportunities and foreign exchange.