“For The First Time In 5 Years We Saved $500million” – VP Osinbajo

“For The First Time In 5 Years We Saved $500million” – VP Osinbajo
November 26
16:00 2017

EXCERPTS FROM THE SPEECH BY THE VICE PRESIDENT, PROF. YEMI OSINBAJO, AT THE 2017 GRADUATION CEREMONY OF THE NIGERIAN INSTITUTE OF POLICY AND STRATEGIC STUDIES KURU, PLATEAU STATE ON SATURDAY, NOVEMBER 25, 2017

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We stopped d siphoning of funds through ghost workers by insisting that all MDAs must be on d Integrated Payroll & Personnel Information System (IPPIS) across govt, & also mandated the use of BVN. Over 461 Federal MDAs have been captured on the system thus far…-

“For the first time in five years we saved $500million, and invested another $500million in the Sovereign Wealth Fund. Today our external reserves stands at $35billion the highest in the past four years.”

“But with 60% less revenue, we started a series of bailouts for the States, to enable them pay salaries & pensions. With 60% less revenue, we were able to provide about N1.3trillion for capital expenditure, the largest amount for capital in our nation’s history.”

“We must pay attention to what we are seeing today, & some of the shameless noises of those who brought our nation to its knees, many of whom still have looted funds in their possession, trying to rewrite history & hoodwink the populace again. We say never again.”

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David Chris

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David Chris is writer and a staff at Ngyab.com. He is also an internet guru who who loves reading and making new friends

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