President Muhammadu Buhari believes Nigeria does not need foreign aid if the world powers can help her plug all the loopholes that had been used by government officials to steal her assets.
A Presidency official on Buhari’s four-day visit to the United States (US), which ended on Wednesday, quoted the President, yesterday, as telling US officials that Nigeria has the resources to stand on her feet, and that the world powers should help her.
In the meantime, Nigeria is to draw down investments and cash worth $13.6 billion following negotiations and understanding reached by Buhari with the American government during the visit, Sunday Vanguard learnt, yesterday.
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President
Muhammadu Buhari believes Nigeria does not need foreign aid if the
world powers can help her plug all the loopholes that had been used by
government officials to steal her assets.
A Presidency official on Buhari’s four-day visit to the United States
(US), which ended on Wednesday, quoted the President, yesterday, as
telling US officials that Nigeria has the resources to stand on her
feet, and that the world powers should help her.
In the meantime, Nigeria is to draw down investments and cash worth
$13.6 billion following negotiations and understanding reached by Buhari
with the American government during the visit, Sunday Vanguard learnt,
yesterday.

President Muhammadu Buhari and Secreatry of state, John Kerry in Washington DC on July 21st 2015
The President met with US President Barack Obama, Vice President Joe
Biden, among many other top functionaries, during the visit.
“Buhari did not go to the US with a begging bowl. We don’t need
foreign aid, he told everyone, so long as the world powers can help us
plug all the loopholes that had been used to steal our assets,” Mallam
Garba Shehu, Senior Special Assistant to President Buhari on Publicity,
disclosed to Sunday Vanguard.
Whereas the President said, during the visit, that about $150 billion
is stolen annually from Nigeria and many other African countries, the
Presidency official said, ”Americans hold the view that between $10
billion and $20 billion dollars is lost annually through the crude oil
sector alone.”
He quoted his boss as saying: ”There is no organisation or government
(across the world) that can give us (Nigeria) $5 billion. If we plug
our loopholes and recover stolen money stashed abroad, Nigeria will do
well by herself.”
A breakdown of the $13.6 billion earmarked for Nigeria, courtesy of
the Buhari US visit, shows that $5 billion is coming for investments in
the power sector, another $5 billion is to fund investments in the
agricultural sector, $1.5 billion is from the Bill Gates Foundation
while $2.1 billion is being provided by the World Bank.
Of particular interest is the discovery that the huge sums being
brought for investments into the country, according to the Presidency
official, attract no counterpart funding.
Similarly, in its efforts to assist Nigeria eradicate polio, the Bill
Gates Foundation, which is revving its support with additional $1.2
billion, is extending its areas of coverage to four more states –
Kaduna, Sokoto, Borno and Yobe.
The Senior Special Assistant to the President described Buhari’s outing in the U.S as a monumental success.
According to him, no Nigerian leader ever achieved that kind of success in one visit.
Shehu said: ” From our point of view, no past President of this
country has ever netted these for Nigeria from a single U.S. trip.
Overall, it is a resounding success.
“The clamour for President Buhari was astounding. He was gone after by
every member of the United States establishment. He met Secretary of
State John Kerry, Vice President Joe Biden and the President of the
United States, Barack Obama.
“I am not sure there was any past Nigerian President who met as many a
number of Secretaries of U.S. Departments as Buhari did and, in all of
these meetings, the personal integrity of President Buhari came
through.”
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