Gen. Muhammadu Buhari has resolved to give priority to capital expenditure in budget when he resumes office on May 29, 2015, as part of his efforts to develop the country.
The president elect stated this on April 11, Saturday in Daura, Katsina State, while fielding questions from newsmen.
According to the News Agency of Nigeria (NAN), Buhari noted that capital expenditure was necessary so as to revitalize the industrial sector.
The president elect explained that giving relevance to infrastructure would help grow Nigeria’s economy to become at par with the developed economies in the world.
He said:
“There must be much money available for capital expenditure to provide more infrastructure in our industries that will attract investments and develop the country”.
He also named the educational sector as another area his administration will revive, noting this, he said:
“Our education system has virtually collapsed, Nigerians voted APC. “We are going to do something on education because improving educational system will solve much of our problems.”
He said that he would appoint knowledgeable and experienced technocrats to study handing over notes by ministries and make recommendations.
Meanwhile, Buhari has assured the members of the All Progressives Congress (APC )that they have nothing to fear over mass defection of Peoples Democratic Party (PDP) members to the party, noting that the PDP chieftains will have very little influence in the APC government.
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