Saturday, 30 April 2016

We’ll recover looted funds to rebuild economy – Pres. Buhari




President Muhammadu Buhari has said his administration is bent on recovering the public funds stolen by some corrupt office holders to rebuild the nation’s collapsed economy.
Buhari stated 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 decried the high rate of youth unemployment in the country, but said his administration would rebuild the economy and create jobs for the youths.
Buhari, who said the NYSC had continued to be attractive to young graduates across the country despite the temporary challenge of insecurity, admitted that there was inadequate infrastructure at various orientations camp. He, however, promised to invest in youth development.
He said, “The collapse of industries and the pressure to grab public jobs have put the nation in a sorry economic state of unemployment.
“Thousands of graduates 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 will 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 scheme registered 1,620 corps members for the batch.
Iluebbey said the NYSC would not relent in its commitment  to national unity and youth development, while advising the youths to participate actively in all activities  lined up for them during the orientation programme.
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