Nigeria’s looted money still warehoused in US, Europe–Buhari
NEWS DIGEST–President Muhammadu Buhari again on Monday expressed his frustrations over the country’s stolen money, which he said was still stashed in major European cities, the US and other havens around the globe.
He noted that the bulk of the stolen money could have been invested in the education sector to improve on quality, blaming the elite for allegedly looking away while the theft took place.
Buhari spoke in Paris during an interactive session with the Nigerian community in France.
The President observed that the five per cent of Nigeria’s budget currently spent on education was inadequate and far off the 26 per cent recommended by the United Nations
However, he assured his audience that his administration would spend more on education to cover lost ground.
The President added that a similar commitment to improving roads and rail lines was already yielding positive results.
A statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, made available to journalists in Abuja, quoted Buhari as saying, “We are currently reviewing investments in the entire infrastructure of the country like road, rail and power, including investing more in education. We will certainly need to do more in education.”
The President said the stolen money could have made a difference if it was spent on education.
He expressed his frustrations, “We are already getting results on road, rail and power.
“My frustration is that some people still have plenty of stolen money stashed in Europe, US and other countries.’’
Buhari seized the opportunity to appeal to the elite both at home and in The Diaspora to help in rescuing the education sector by contributing to support the government.