President-elect lists 10 challenges facing his administration

President-elect, Muhammadu Buhari has listed 10 major challenges that his incoming administration would face upon assumption of office.

Buhari revealed the challenges on Wednesday, April 29, 2015, while speaking at the induction of new members of the National Assembly in Abuja.

They are as follows:

* General insecurity and insurgency “that has caused extreme human hardship and destruction of lives, livelihoods” in the north-east and north-west

* Environmental degradation in the Niger Delta

* Decline in revenues due to fall in oil prices

* Endemic corruption “which has crippled human and infrastructure development for decades”

* Poor provision of power supply “which has had a crippling effect on development of small businesses”

* De-industrialization for the past three decades leading to closure of many industries and migration of many to other African countries

* High levels of unemployment and especially youth unemployment which Buhari put at 40%

* High cost of governance “that has been crowding out capital and human development”

* Erosion of public social services such as infrastructure, health and education.

* Lack of development in the agricultural and solid mineral sectors.

Buhari will take over from incumbent President, Goodluck Jonathan on Friday, May 29, 2015.