President Muhammadu Buhari has on Tuesday lamented the negative effect of corruption on the nation blaming it as responsible for the suffering of millions of Nigerians.
Speaking at the 49th Annual Accountant Conference, Buhari noted that corruption at various levels was the biggest problem impeding Nigeria’s economic growth and development.
The President said, “I urge you now to always see corruption in its true colour as a gross violation of human rights. Corruption is the major reason why millions of our people are in hardship, sick and helpless.”
President Buhari said it prevents good governance and encourage misappropriation of public funds, stiffens innovation, infrastructure development and investments.
Represented by the Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, the President said: “Our fight against corruption is in reality a struggle for nation building and the future.
“Corruption and impunity becomes widespread when accountability is disregarded.
“Disrespect for accountability also strives when people get away with all manner of questionable things and accountants are unable to check them.
“Corruption is the major reason why many children cannot go to school, why we have few equipment and doctors in our hospitals.
“Corruption diverts public resources thereby causing much suffering, deprivation and unnecessary death in the country.
“Therefore, if we do not slay corruption with the passion it deserves, we will not get the result that we need.”
President Buhari reiterated that his administration was committed towards achieving structural economic change and a more diversified and inclusive economy.
He said it was for this reason he signed many executive orders to improve the business conditions in the country.
“We signed the Executive Order 7 of 2019 on Road Infrastructure Development and Rehabilitation Investment Tax Credit Scheme.”
“This Executive Order aims to accelerate road infrastructure development for a balanced economic growth in Nigeria by granting approvals to private sector entities to construct and rehabilitate eligible roads across the country.
“This is in exchange for tax credits which will be applied against their company income tax.
“The motivation for the scheme comes from the desire to take advantage of private sector funding to road development in our country,” he said.