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UN Okays Buhari’s Request To Co-chair Lake Chad Revival Fund Raising
President Muhammadu Buhari has welcomed the acceptance of the United Nations Secretary-General, Antonio Guterres to co-chair a Special Session to raise $50 billion to fund the inter-basin water transfer from Central Africa to revive the Lake Chad.
He received the response of the Secretary-General to his earlier letter through the President of the African Development Bank, ADB, Nigeria’s Dr. Akinwumi Adesina at the State House, Abuja yesterday.
Buhari said such a Special Forum was necessary in view of the size of capital required for the project, which was unavailable to the Lake Chad Basin countries.
Addressing issues directly related to the ADB, the President expressed delight with successes recorded in the four years of DrAdesina’s tenure at the Bank.
Buhari specifically cited the Bank’s contribution to the growth of Nigeria’s agriculture and infrastructure, and commended what he called “its critical gesture in 2016 during the difficult period of economic recession through the issuance of USD600 million budget support facility.”
The President used the occasion to highlight the successes achieved by the administration through the implementation of the Economic Recovery and Growth Plan, ERGP.
He stressed that his focus will continue to be on diversifying the economy and making it more inclusive as well as the creation of jobs in critical sectors like the Information Communication Technology, ICT and manufacturing so that “young people will earn a decent living.”
While noting that a lot is being achieved in providing guaranteed off-takers for farmers, and in the provision of infrastructure that include airports, rail, roads and water ways, President Buhari admitted that “we still have significant work ahead in the provision of power, small scale cottage industries and promotion of the agro-industrial zones coming up in the country.”
He then asked for ADB’s continued support in this regard.
In his presentation, DrAdesina thanked President Buhari for his support, without which, he said, he would not have been ADB president.
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