Nigeria to publish recoveries of stolen assets

Nigerian President Muhammadu Buhari on Sunday said a significant amount of the stolen assets and funds had been recovered.

The Nigerian leader stated this in Abuja, the nation's capital city in a nationwide broadcast to mark the one year anniversary of the All Progressives Congress-led government.

He said the Federal Ministry of Information and Culture will publish and update Nigerians on the efforts of the government toward recovering all Nigeria's stolen assets.

The president assured that the recovered funds would be credited to the federation account after all necessary legal procedures.

He frowned at the recent spate of attacks by militants disrupting oil and power installations in the Niger Delta areas.

The president said such attacks would not distract him from engaging leaders in the region in addressing Niger Delta problems.

According to Buhari, the economic misfortune the country is experiencing from the very low oil prices has provided the nation with an opportunity to restructure the economy.

He said his administration was in the process of promoting agriculture, livestock and expanding the nation's industrial and manufacturing base.

He said the APC-led government remained committed to reforming the regulatory framework for investors by improving the environment of doing business in Nigeria.

President Buhari said already the first steps along the path of self-sufficiency in rice, wheat and sugar had been taken.

The president also announced that the government would soon inaugurate the national women's empowerment fund.

Source: XINHUA