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US Delegation Arrives Abuja For Tinubu’s Inauguration, As Nigerians Heave Sigh Of Relief At Buhari’s Departure


The Oasis Reporters


May 28, 2023

 

 

 

 

 

 

US President Joe Biden. His delegation has already arrived in Abuja.



The United States delegation to attend the Inauguration of Nigeria’s president elect as the new president has arrived in Abuja, ahead of tomorrow’s change of baton and authority investing in Bola Ahmed Tinubu, as well as the retirement of Muhammadu Buhari from office.


The announcement from the United States embassy in Abuja reads,


“Welcome to Nigeria! We are excited to receive the delegation from @POTUS
Biden, led by @SecFudge
from the Department of Housing and Urban Development, as they join us in Abuja for the inauguration of President-Elect Bola Ahmed Tinubu”.



 

 






The mission had previously announced on Twitter, saying on May 23, 2023 that “Yesterday, @POTUS Biden announced a Presidential Delegation, led by U.S. Secretary of Housing and Urban Development (@HUDgov) Marcia L. Fudge (@SecFudge) to attend the inauguration of His Excellency Bola Ahmed Tinubu on May 29, 2023, in Abuja.



 




The D-day is just a few hours away.

Nigerians are especially going to be happy to see the end of Muhammadu Buhari’s tenure in office after eight grueling years where he showed an utter lack of knowledge on economic issues, throttling Nigeria on an unprecedented borrowing binge.

In June 2018, the Nigerian Tribune newspaper had this to say,

“The International Monetary Fund (IMF), in a recent report, raised concerns about Nigeria’s rising debt profile and its capacity to repay the debts. Speaking in Abuja, IMF Senior Resident Representative and Mission Chief for Nigeria, Amine Mati, said: “Nigeria’s debt stock figure, which is 20 to 23 percent of Gross Domestic Product, is still quite low by any standard. The issue is capacity to repay the debts. So, interest payment to revenue is an issue.”


There was a declining ability to pay back, but Buhari did not stop borrowing.


Nigeria’s external debt had climbed from $2.1 billion after the country exited from the Paris and London clubs of creditors in 2006 to about $41.8 billion it currently stands.



17yrs after Paris Club relief, Nigeria’s external debt rises to $41.8b, on the gradualistic slope to debt distress. Many Nigerians have thus prayed for May 29, 2023 to come so as to quickly see the exit of Buhari.


Another horrible aspect of the Buhari regime was his government’s seemingly pampering of Fulani bandits who hovered between the gory butchering of other Nigerians, either for their land or for the collection of ransom. The outgoing president is of the ethnic Fulani tribe.



Nigerians therefore hope that the incoming government would rid the nation of that morbid challenge.



They would be welcoming the Tinubu administration while hoping for rescue from the scourge of insecurity.

Greg Abolo

Blogger at The Oasis Reporters.

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