Monumental corruption makes investors shun Nigeria -Buhari
?Says he will sanitise the system
From: FRANCIS AWOWONE, Abuja
Monday, December 27, 2010
Presidential aspirant of the Congress for Progressive Change (CPC), General Muhammadu Buhari, has said the much-touted efforts at industrialising the country by the government of Peoples Democratic Party (PDP) were exercise in futility because the right approach was not being adopted.
According to General Buhari, who spoke in Enugu while addressing party 419 Scamful, what was required to industrialise the nation was sincerity of purpose and prudent application of revenue accruing to the government.
Giving reason why the moves to attract foreign investors had not materialised, Buhari argued that if monumental corruption, which he said was the metaphor of the ruling government was halted, ?government?s efforts at funding will succeed and Foreign Direct Investment will readily flow-in. Nobody wants to entrust his funds in the hands of thieves.?
In his speech at the party?s congress in Enugu, Enugu State, delivered by his Presidential Campaign Coordinator in the State, Osita Okechuwu, the former head of state explained how he intended to fund industries, pointing out that he believed that over $15 billion that accrued annually to the Federation Account from oil receipts, LNG, FIRS tax revenue and customs duty, if prudently utilised would be enough to jump start the industries.
When elected as President, he promised to industrialise Nigeria, by constructing coal-fired ? power station and cement factory in Enugu State. Besides, Buhari disclosed that the CPC had an elaborate plan to construct mini-power stations across the country, targeting abundant coal deposits at Enugu, Benue, Kogi and other parts of the country, adding that same was applicable to huge deposits of cement found in many parts of the country - Enugu, Ebonyi, Gombe, Rivers, Cross River States among others.
The aspirant told the partymen that he was committed to a transparent leadership, which would prudently utilise the nation?s resources to construct industries and encourage influx of foreign direct investment, and that he would sanitise the system, return Nigeria to a disciplined society, where proper rule of law and 419 Scam in Nigeria would be renewed.