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Looted Fund Will Be Recovered to Rebuild Nigeria’s Economy – Buhari

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Nigeria’s President Muhammadu Buhari has revealed that his administration is bent on recovering the funds stolen from the public purse by some corrupt public office holders to rehabilitate the collapsed economy of the nation.

The president said this in his address read at the swearing-in-ceremony of 2016 Batch ‘A’ members of the National Youth Service Corps on Friday at the NYSC Orientation Camp in Ede, Osun State.

The address was read on behalf of the President by the Permanent Secretary, Osun State Ministry of Agriculture, Food Security and Youth Engagement, Dr. Isaac Aluko.

The President lamented the high rate of youth unemployment in the country but said his administration would do everything possible to rebuild the economy and create jobs for the youths to contribute their quotas to the development of their fatherland.

Buhari, who said the NYSC had continued to be attractive to young graduates across the country despite the temporary challenge of insecurity said there were inadequate infrastructure at various orientation camps. He, however, promised to invest in youth development.

He said, ” The collapse of industries and the eventual over bearing pressure to grab public jobs has put the nation in a sorry economic state of unemployment.

“Thousands of gradutes from the higher institutions of learning get frustrated daily, as they search for non-existing jobs. That is why this administration is anxious to recover illicit wealth to channel them into enduring economic rehabilitation. Very soon, the gloomy situation would be reversed to put smiles on the faces of our young people

“In the interim, I urge you to embrace the prevailing palliative strategies put in place by public and private institutions. The effort of the NYSC which can be seen in several steps initiated toward arresting this ugly development must be commended.”

The president advised the youths to channel their energy towards productive ventures and shun vices such as kidnapping, robbery and fraudulent acts.

The NYSC Coordinator in Osun State, Mrs. Regina Iluebbey, said the the scheme registered 1,620 corps members for the batch while lauding their comportment.



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