Thursday 6 August 2015

Buhari brought N2.7trn investments from US visit – Presidency

File: US President Barack Obama speaks with Nigerian President Muhammadu Buhari during a meeting in the Oval Office of the White House in Washington, DC, July 20, 2015. Obama welcomes Nigeria's freshly elected president after the country's first ever democratic transition. AFP
LAGOS — An estimated N2.7 trillion ($13.6 billion) worth of direct investment is part of the immediate benefits accruing from President Muhammadu Buhari’s recent state visit to the United States, the Presidency claimed yesterday.

The presidency also affirmed that the visit cost the Nigerian treasury less than N220 million contrary to assertions in some sections of the media. It further explained that President Buhari’s son, Yusuf, did not receive any estacode for the trip even as it contended that great savings were made by members of the delegation against previous visits.
The five governors who were in the delegation, the presidency said, paid their way while permanent secretaries and other senior government officials only received their entitlements.

VANGUARD

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