Egyptian President Abdel Fattah al-Sisi was sworn in for his third term on Tuesday at the country’s new capital, marking a significant moment in his presidency amidst economic challenges and ongoing mega-projects.
The inauguration took place at the new parliament building, symbolizing the ambitious infrastructure initiatives undertaken during his rule, albeit amid concerns about their financial sustainability.
Addressing lawmakers and officials from various sectors, President Sisi acknowledged the challenges Egypt has faced in recent years, including terrorist threats, global crises, and regional conflicts.
“The past few years have shown that the path of nation-building is not paved with roses … between terrorist attempts at home, sudden global crises abroad, fierce wars around us,” Sisi told attendees during the ceremony.
He emphasized the importance of continued development efforts while acknowledging the hardships experienced by many Egyptians, who feel excluded from the benefits of such projects.
Sisi’s re-election last December with 89.6% of the vote, without any significant challengers, reflected his message of stability and security, particularly amidst the turmoil in neighbouring Gaza. However, economic hardships have left some Egyptians indifferent to the electoral process, viewing the outcome as predetermined.
During his inauguration speech, Sisi pledged increased spending on programs targeting the poor and greater private sector involvement, aligning with commitments made to secure an expanded $8 billion deal with the International Monetary Fund.
Since assuming office in 2014, Sisi has championed a series of infrastructure projects, including the $58 billion New Administrative Capital, aimed at accommodating Egypt’s growing population and driving economic development.
However, critics argue that such mega-projects have exacerbated Egypt’s economic woes, diverting resources away from pressing needs and increasing the country’s debt burden. Despite these challenges, Sisi reiterated his commitment to investing in various sectors, including energy, rationalizing public spending, and continuing to build new cities.
Sisi’s presidency, which began a decade ago after the ousting of Mohamed Mursi, has seen widespread crackdowns on dissent, with tens of thousands of individuals, including activists and Islamists, reportedly jailed.
Ozioma Samuel-Ugwuezi
Follow us on:
Nigeria’s Super Eagles are aiming for victory against Rwanda, despite their AFCON qualification and key…
President Tinubu and Indian PM Modi have held bilateral talks, highlighting collaboration and strengthening their…
Ekiti Governor Oyebanji has extended his congratulations to Ondo State Governor Lucky Aiyedatiwa on his…
President Bola Tinubu is set to depart Abuja for Brazil to attend the G20 Leaders’…
Lucky Aiyedatiwa has pledged to run an inclusive government, prioritising welfare, economic growth, and collective…
INEC has declared APC's Lucky Aiyedatiwa winner of Ondo governorship election, securing 366,781 votes against…
View Comments
((08132115039) (+234_915__6089_111)
a minimum price E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 400,000
Camry Tinny-Light=500,000
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Camry spider 950,000
Toyota Rav4=950,000
Toyota Prado=1.3million
Muscle 1mill
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
((08166185400) (+234_816__6185_400)
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6m
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Range rover vogue 3.8m
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08132115039) (+234_915__6089_111)