It is most shameful that each time an official speech is made from Aso Villa, something goes wrong with it.
To keep sending out mixed messages and get berated by foreign governments almost all of the time has become too unbearable to bear.
President Muhammadu Buhari has made several mistakes with figures. Finance minister has made mistakes with figures too.
From padded budget, to plagiarized speeches now churning of wrong information to the public on Independence Day blows everything off the windows.
Let’s cut the chase and drill down to the nitty gritty.
Ditto Independence Day. The President, regaled in all State paraphernalia, made a passionate speech to listening Nigerians.
In the speech, the president said United States mega company, General Electric, GE, was “Investing $2.2 billion into the Nigerian economy.
“Part of that $2.2 billion dollars will go into a concession to revamp, provide rolling stock, and manage the existing railway lines, including the Port Harcourt-Maiduguri line.
“We have also provided our counterpart funding to China for the building of our standard gauge Lagos -Kano railway.
“The Lagos-Calabar railway will also be on stream soon,” the president said.
General Electric debunked Buhari’s claim.
The chief Executive of the company, Jay Ireland, said they plan to invest around $150 million in Nigeria by 2017.
Growth in Nigeria – an OPEC member whose economy, the largest in Africa, is in recession for the first time in more than 20 years due to low oil prices – has been stunted for decades by a lack of investment in its road and rail network.
Ireland said the Nigeria investment was part of a plan to spend $2 billion in Africa in coming years.
But the $150 million Nigerian investment falls short of the sum President Buhari has said GE would invest.
Granted, the President made a mistake but for openly berating the President, we ask that the business with GE be cancelled immediately.
For this man to mess up our president in the public like this is a huge mistake.