President Muhammadu Buhari has disclosed that his administration is channelling the recovered funds towards the development of critical infrastructure and the implementation of social inclusion programmes for Nigerians. Buhari disclosed this Tuesday while presenting Nigeria’s Statement at the 71st Session of the United Nations General Assembly (UNGA71) in New York, on the theme, “Sustainable Development Goals: a Universal Push to Transform the World”. He told world leaders that corruption freezes development and undermines the attainment of the Sustainable Development Goals (SDGs). Buhari, who reiterated that fighting corruption remained a cardinal pillar of his administration, expressed delight that the anti-corruption campaign had started yielding positive dividends including significant recovery of stolen assets. The president said the capacity of government agencies was being strengthened to institutionalize reforms that would ensure transparency and good governance.
According to him, Nigeria will continue to call for speedy and unconditional recovery of illicit assets stashed abroad. “Nigeria supports the development of an international legal framework to enforce anti-corruption measures and strengthen existing international institutions to effectively deal with corrupt practices,” he stated. President Buhari noted that Nigeria was not spared the adverse effects of the current global economic downturn. He said his government remained undeterred and had embarked on comprehensive diversification reforms by shifting emphasis to non-oil sectors of mining, agriculture, industrialisation, infrastructure development and the creation of the enabling environment for Foreign Direct Investment. “Our strategic objective is to stimulate the economy, restore growth and accelerate recovery. In doing this, we are taking measures to reduce the cost of governance and increase expenditure on infrastructure and ensure environmental best practices,” he stated.