Afrigather 
Muhammadu Buhari, outgoing president of Nigeria has stated that Nigeria’s inventory of infrastructure to GDP has doubled from 20 % to 40 % in eight years.
“In eight years, I’m proud to say that we have now doubled Nigeria’s inventory of infrastructure to GDP from about 20% to over 40%, and that’s no small enterprise,” the outgoing president tweeted Saturday.
“This occurred when world oil costs plunged to virtually zero, after we encountered a recession that was not predicted, after we handled a pandemic that was unexpected and after we are nonetheless grappling with the worldwide results of an ongoing battle in Europe.
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“So, as we take a look at Nigeria’s debt profile, I urge us to additionally take a look at the belongings and funding profiles, a few of which was paid for by debt and a few by funding earnings.”
The president held that the wealth and prosperity of many countries, particularly post-war Europe, was constructed largely on infrastructure and on debt redeemed over a long time.
“A few of the tasks are commercially self-liquidating,” he famous.
“With out investing in infrastructure, the street out of poverty is a a lot more durable one.”
