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President Buhari Says Nigerian Stolen Funds are Stashed Abroad
President Muhammadu Buhari has said that money stolen from Nigeria is stashed in major European cities, the US and other havens around the world.
The president said this during an interactive session with the Nigerian community in France on Monday, November 12.
According to a statement by the special adviser to the president on media and publicity, Femi Adesina, Buhari blamed elites for allegedly looking away while the money which could have been invested in the education sector was stolen.
President Buhari disclosed that Nigeria’s current education budget which stands at 5% was inadequate and far off the 26% recommended by the United Nations, assuring that his administration is dedicated to improving the sector just as he had improved the roads and rails.
“We are currently reviewing investments in the entire infrastructure of the country like road, rail and power, including investing more in education. We will certainly need to do more in education.
“My frustration is that some people still have plenty of stolen money stashed in Europe, US and other countries,” he said.
He added that more money should be spent on education, calling upon elite both at home and in the Diaspora to help rescue the education sector by contributing to support the government.