The Presidency has highlighted the achievements of the outgoing administration of the President, Major General Muhammadu Buhari’s (retd.).
Part of the highlights include the president’s extension of more than N2 trillion in bailout packages to State Governments during his tenure, according to Daily Trust.
This was contained in a fact sheet highlighting the achievements of Buhari’s government in different sectors from the inception of his tenure in 2015 till May 2023, which was released on Sunday by the Presidential Communications Team.
According to the report, the bailout was to enable these states meet their salary and pension obligations, especially in the face of dwindling oil revenues.
The fact-sheet read in part, “The bailout packages to state governments included N614 billion Budget Support Facility; $5.4bn Paris Club Refunds; N700bn Infrastructure Loans & Refunds and a reduction in debt service burden amounting to N575.5bn.
“The anti-corruption drive of the Buhari administration had yielded more than N210bn in recoveries from inflated, misappropriated, misapplied personnel budgets and capital expenditures by various government agencies.
“In 2022, the Independent Corrupt Practices and Other Related Offences Commission recorded N91bn in recovered stolen assets.
“More than N600bn worth of Sukuk Bonds had been raised since 2017 for more than 40 critical road projects across all six geopolitical zones.
“Between November 25 and December 13, 2021, the Federal Government handed over to benefiting communities 941 km of completed Sukuk road projects connecting 10 states in five geo-political zones of the country.
“About N3trillion had been mobilised or committed through Executive Order 7 for road projects across all six geopolitical zones by Dangote Group, MTN, BUA, NLNG and NNPC Limited.”
