Headline
Buhari’s Three Years in Office: The Score Card
By Eric Elezuo
…Nigeria’s economy improving, future very bright – President Buhari
Between May 29, 2015 when it came to power and August 2017, the President Muhammadu Buhari-led All Progressives Congress (APC), struggled to find its feet in its self-created muddy waters of administration. The confusion that characterized the period in question was complicated by the fact that the President was never at home as he was busy gallivanting and crisscrossing the globe. At a time when it looks like he will face administration, Buhari was struck by a yet to be known ailment, which kept him away from office for a whopping 150 days. Much as the Vice President, Prof. Yemi Osinbajo was in charge in his absence, he was incapable of taking any policy decision, and the country continued on its auto-pilot flight.
It was not until October 2017 while Nigeria was celebrating its 57th Independence anniversary that the Buhari administration through the office of the Vice President, released what he termed 57 achievements of President Muhammadu Buhari to mark the independence anniversary. Among the achievements were the release of 106 Chibok girls and the decimation of the Boko Haram sect.
Some of the reported achievements on the list include but not limited to the following
- The release of 106 Chibok girls
- The arrest of 16,000 Boko Haram members
- Tackling insurgency
- Decimation of Boko Haram in the North East
- Recovering 14 local governments and territories previously under Boko Haram control
- Rebuilding the lives of citizens affected by Boko Haram
- Curbing the incidence of kidnap across the country including the arrest of kidnap kingpins
- Restoring morale of the Nigerian military
- Re-organising and better equipping the Nigerian Armed Forces
- Purchase of 12 Super-Tucano aircrafts worth $600 million
- Ensuring continued peace in the Niger Delta through consistent funding of the FG amnesty programme for ex-militants
- Introduction of an improved mechanism for distribution of aid to IDPs
- The implementation of the National Economic Recovery and Growth Plan to aid economic recovery
- Taking the country out of her first worst recession in 29 years, despite fall in oil prices
- The N1.2 trillion expended on capital/infrastructure projects nationwide
- The effective implementation of the Treasury Single Account 17. Increasing government revenue by over N3 trillion
- Entrenching transparency and accountability
- Implementation of the Bank Verification Number
- The signing into law of two bills from the National Assembly (Acts are the Secured Transactions in Movable Assets Act, 2017 (otherwise known as Collateral Registry Act) and the Credit Reporting Act, 2017) to improve ease of doing business
- The establishment of the Presidential Quarterly Business Forum
- The prosecution of corrupt alleged public officers
- Institutionalising E-governance
- The successful establishment of the whistle-blower policy
- Voluntary Income Asset Declaration Scheme
- Signing of agreements with a number of nations to provide Automatic Exchange of Information
- Signing of the Extradition Treaty between Nigeria and United Arab Emirates toward strengthening Nigeria’s anti-corruption campaign
- The establishment of PACAC
- The eradication of polio in the country
- The introduction of the One Primary Health Centre per ward
In Buhari’s own words, he said: “In the almost two years of this administration, we have worked hard to meet the expectations of Nigerians by improving security, especially in the North-East, sustaining the campaign against corruption and have taken steps to revitalise the economy.”
But civil societies as well as the main opposition party, the Peoples Democratic Party (PDP) dismissed the President’s assessment as laughable, saying the so-called achievements were lies.
Responding through the office of the Publicity Secretary, the PDP said “these comments from Mr. President are to say the least untrue and an insult to the intelligence of Nigerians who have been at the receiving end of his government’s mismanagement in the last two years.
“Fellow citizens, we…wish to crave your indulgence to reflect on the state of affairs in the country before and after President Buhari’s APC led administration took over two years ago.”
The party went on to state that most of what the APC stated as achievements were actually their programmes before they left office and blamed the ruling party for feeding Nigerians with the wrong narrative.
“But Nigerians have been fed continuously with the wrong narrative as if we have all slipped into collective amnesia…,” it said.
The president’s efforts have had little or no effect on the man on the street as every Nigerian continues to power his own home and business concerns with the use of generator and expensive fuel; provide his own water through self-dug borehole, even tackles his own security with recruitment of vigilantes and other security mechanism at his disposal
Again in January 2018, the Presidency came up with another list of achievement, but this time either reduced in quantity or shrunk. Instead of the previously published 57 of about four months behind, the achievements were 17 in number vis-à-vis
- Exit from the worst recession in decades. Also, Inflation fell for ten consecutive months during 2017 (February to November).
- Stabilisation of the naira against the dollar, after the Central Bank introduced a new forex window for Investors and Exporters.
- Nigeria’s stock market emerged one of the best-performing in the world, delivering returns in excess of 40 percent.
- Bumper food harvests, especially in rice, which local production continues to rise significantly with states like Ebonyi, Kebbi, Kano leading the pack, and Ogun joining at the end of 2017.
- Launched of 701 billion Naira Intervention Fund (‘Payment Assurance Programme’) aimed at supporting power generation companies to meet their payment obligations to gas and equipment suppliers, banks and other partners.
- Payment of pensions to police officers who were granted Presidential pardon in 2000 after serving in the former Biafran Police during the Nigerian Civil War.
- Nigeria moved 24 places on the World Bank’s Ease of Doing Business rankings, and earned a place on the List of Top 10 Reformers in the world.
- Nigeria’s foreign exchange reserves grew by $12 billion, reaching the highest level since 2014 and added an additional $250m to its Sovereign Wealth Fund.
- Nigeria successfully issued two Eurobonds (US$4.5bn), a Sukuk Bond (100 billion Naira), a Diaspora Bond (US$300m), and the first Sovereign Climate Bond in Africa, raising billions of dollars for infrastructure spending.
- The Federal Government launched a Tax Amnesty scheme expected to raise hundreds of millions of dollars in additional revenues when it closes in March 2018.
- Implementation of Whistleblowing Programme that has so far seen recoveries of tens of millions of dollars.
- The Social Investment Programme, which feeds over 5.2 million primary school children across selected states daily in addition to Npower project which has enlisted about 200,000 unemployed graduated.
Other reported achievements, according to the party, were the reorganization of Joint and Admission and Matriculation Board and The Nigeria Customs Service which have remitted more than it used to. It also noted that with the footprints of 2017, the year 2018 will mark a revolution in agriculture and infrastructure.
However, during the week, the Presidency in recognition of the third anniversary, released yet another list of achievements in a statement it tagged The Economy: Facts are Stubborn Things, and signed by the Senior Special Adviser to the President on Media and Publicity, Mr. Femi Adesina. He condemned as many that suggest through their actions and inactions that President Buhari has achieved nothing good on the economy while highlighting the following achievements and quoting the National Bureau of Statistics, which suggests that ‘the economy has recovered from the slow-down and eventual recession, which started in 2014’.
Most of the problems the average Nigerian is facing today may have been there before the present administration, but the difference lies in the fact that Buhari and his co-travellers made us believe that they have the antidote to the good life Nigerians yearn for, but unfortunately, the case is even worse today. The country is not any better three years after the change regime came in with a lot of hope – a lot of dashed hope
Improvement with stronger growth for three successive quarters, where from contracting by 0.91% in Q1 2017, the economy has grown by 0.72 percent in Q2 2017, to 1.17 percent in Q3 2017, and 2.11 percent in Q4 2017.
Again, the Q1 2018 GDP, showed that the economy has recorded a GDP growth of 1.95 percent, compared to a contraction of 0.91 percent in Q1 2017.
The Nigerian economy is on the road to diversification, indicating that the oil sector’s contribution to GDP is 9.61 percent, while non-oil sector’s share is 90.39 percent.
Spending of about N1.5trn on infrastructure projects in 2017 which resulted in the positive performance of the economy in Q1 2018
Consistent decline of inflation in 15 months from 18.72 percent to 12.48 percent
Continuous growth in total capital importation into the country, the fourth consecutive quarterly increase since Q2 2017
Foreign reserves stand at $47.79bn, compared to $29.6bn inherited in May 2015, after about six years boom in oil prices in the international market. The increase came at a time of modest oil prices, showing transparency and accountability by government.
Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent.
Tax revenue increased to N1.17trn, in Q1 2018, a 51 percent increase on the Q1 2017 figure.
Milled rice production has increased from 2.5MT to 4MT, and rice imports have dropped from 580,000MT in 2015 to 58,000MT in 2016.
It would be recalled that, according to Adesina, that on exiting recession last year, President Muhammadu Buhari had said he would not consider the job done, until the ordinary man feels the impact of the rebounding economy on his life and pocket. The question now is ‘has the ‘ordinary man’ felt the impact…’
Buhari’s administration kicked off in 2015 on a tripod stand of Fight against corruption, Security and the Economy, and even as the Presidency has given itself pass mark on all fronts, the majority of Nigerians think otherwise
A cross section of Nigerians who spoke to The Boss unanimously agreed that the president’s efforts have had little or no effect on the man on the street as every Nigerian continues to power his own home and business concerns with the use of generator and expensive fuel; provide his own water through self-dug borehole, even tackles his own security with recruitment of vigilantes and other security mechanism at his disposal.
“Most of the problems the average Nigerian is facing today may have been there before the present administration, but the difference lies in the fact that Buhari and his co-travellers made us believe that they have the antidote to the good life Nigerians yearn for, but unfortunately, the case is even worse today. The country is not any better three years after the change regime came in with a lot of hope – a lot of dashed hope,” a Lagos resident recounted.
Never in the history of the nation that so pronounced discordant tunes ever experience. It is just 10 months before the next election, and 12 months before the inauguration of a new regime. Will it still be Buhari; will it be someone else?
Time, as usual, will surely tell.
Headline
UBA Foundation Kicks Off Festive Season with Spectacular Garden Light-Up
The United Bank for Africa (UBA), through its Corporate Social Responsibility arm, the UBA Foundation, held its annual Garden Light-Up ceremony on Monday at its head office in Lagos.
The event marked the start of the festive season with a spectacular display of lights, fireworks, and music, bringing together staff, customers, and well-wishers in a celebration of unity and gratitude.
The Garden Light-Up, a cherished tradition, reflects UBA’s commitment to spreading joy and fostering a sense of community. Speaking at the event, UBA Group Managing Director/CEO Oliver Alawuba highlighted the bank’s dedication to creating memorable experiences and expressed appreciation for the efforts of staff and customers during a challenging year.
“As we approach Christmas, a time of love, we remember the spirit of giving and community,” Alawuba said. “This ceremony symbolizes hope for the future and the goodness it brings into people’s lives. I encourage everyone to spread kindness and light as we celebrate together.”
The ceremony also marked UBA’s 75th anniversary, with Alawuba emphasizing the bank’s commitment to building a lasting heritage. Guests enjoyed Christmas carols performed by the UBA Customer Fulfilment Centre choir and a guided tour of the UBA Foundation gardens at Lagos Marina.
In addition to the festivities, the UBA Foundation reaffirmed its commitment to sustainable development through initiatives that focus on education, environmental conservation, economic empowerment, and community welfare. As part of its corporate social responsibility, the Foundation will provide meals to tens of thousands of people across Africa during the holiday season.
The event ended with fireworks, leaving attendees inspired and excited for the season of giving.
Headline
My Economic Policies Harsh, But Yielding Results, Tinubu Insists
President Bola Tinubu has, for the umpteenth time, insisted that the economic policies that he initiated on assumption of office are now yielding the desired results.
Tinubu, who acknowledged that the policies are harsh on the people, stated that the decision became imperative in order to salvage the country from the crises facing it.
Speaking during the 34th and 35th convocation ceremonies of the Federal University of Technology, Akure, FUTA, the President, who was represented by the Vice Chancellor of the University of Ilorin, Prof. Wahab Egbewole, stated that Nigeria is now moving from consumption to production economy.
While calling for the people’s understanding and support, he maintained that his administration is open to criticisms and admiration.
The President said: “The need to salvage the future of our children and bring the country back from the brink of collapse necessitated the strategic decisions to remove the fuel subsidy and also unify the exchange rates.
“I am not unaware of the consequences of the tough decisions on our people. I sincerely wish there could be softer options.
“The macro-economy of our dear country is improving by the day and beyond expectations. The micro-economy, which directly affects our citizens, is also taking shape gradually with positive results.
“By the grace of the Almighty God, every household will experience a better life and have brighter hope for the future.
“We are working hard to ensure the safety of every Nigerian in every part of the country. Our security architecture is up to the task, and the ugly narratives of the past are changing for good. Also, we are not relenting in our pursuit of making our country a haven of prosperity for all.”
Headline
Ademola Adeleke and Two Years of Significant Milestone
By Eric Elezuo
“We are only getting started. The journey of transforming Osun State into a state of opportunities for all is ongoing, and with your continued support, we will achieve even greater things” – Governor Adeleke
The atmosphere at the Aurora Event Centre was a clear testament that the Governor of Osun State, His Excellency, Senator Ademola Jackson Nurudeen Adeleke, is not just a man of the people, but a man, whose presence and influence command love and admiration, evidence of his passion for good governance and lucid display of affection for the plight of the people.
It was the gathering of champions; a gathering that explains that his Excellency, better known as the performing Governor, has exceeded all expectations, and delivered much more than the dividends of democracy just two years in office.
The event was the celebration of excellence; the celebration of a significant milestone that has completely changed the topography of Osun State. The excitement exhibited by the people on the day, was therefore, not surprising.
Prior to the November 27, 2024 d-day, the Osun State Government had unveiled a 16-day events to mark the grand second anniversary as governor of the state.
The Secretary to the State Government, Mr. Teslim Igbalaye, who unveiled the ceremonies, rated Adeleke high in terms of service delivery, grassroots development and human capacity development.
The 16-day fiesta, according to Igbalaye comprises a health walk, novelty match, Jumaat, church service, state awards presentation, and projects commissioning.
Commenting on the achievements of the administration in the past two years, Igbalaye, said Adeleke had surpassed expectations, assuring that an increase in political activities would not distract the governor from completing all ongoing projects.
Among the projects commissioned was the dualisation of the Old Garage-Okefia Lameco Freeway, which was done by a former President, Chief Olusegun Obasanjo, which much gusto and fanfare with other dignitaries in attendance including representatives of the eight assembly – Senator Dino Melaye and Lanre Tejuoso. Others were Juju music maestro, Sir Shina Peters, notable traditional rulers, members of the executive council as well as state assembly members.
In his address at the commissioning, Obasanjo lauded Adeleke’s steadfastness in the discharge of his constitutional duties of providing good governance, reminding him that there are two more years from the present midterm, to unleash more his human faced policies, programmes and projects.
Other dignitaries that commissioned many other projects during the period included the Governor of Oyo State, Mr. Seyi Makinde, who commissioned the Osogbo Ring Road; the Minister of Works, Engr. Dave Umahi, and the Minister of Aviation, Festus Keyamo, who laid foundation for the proposed Osun Airport, and performed turning of sod for emerging projects, and a host of others.
It is worth noting that inaugurated projects spanned across the 30 local government areas in the state.
Presentation of bond certificates to contributory pensioners and presentation of award to Governor Adeleke by the contributory pensioners was also done.
As early as 10am, the event venue was a beehive of activities with groups, market men and women, political associations and students unions among others, singing the praises of the administration and the person of the governor. It was the grand entrance of the governor, flanked by aides and associates, that set the stage for what later become the mother of all events.
In their various speeches, all represented groups lauded the giant strides of the governor, highlighting areas of staunch improvement including Healthcare, Education, Investments, Entertainment, Sports, Rural Electrification and Technological advancement.
Additionally, awards were presented to outstanding individuals who contributed significantly to the growth and development of the state just as long awaited CofOs were released to deserving citizens of the state.
While addressing the mammoth crowd of happy indigenes, Governor Adeleke thanking them for their support and promised to continue his administration’s efforts in education, health, and infrastructure.
However, it was the governors speech that gave vent and flesh to the myriads of achievements that the brief two years of the Adeleke-led administration has bestowed on the people of Osun State.
He therefore, rendered his stewardship, a catalogue of immutable achievements that everyone has come to agree on.
He said, as broadcasted:
My good people of Osun State, today marks my two years in office as your popularly elected Governor. I start this broadcast by paying glowing tributes to elders, women, youths and residents of Osun State.
I convey my deep appreciation for your strong support and prayers. From November 27th, 2022 to date, Osun residents have demonstrated unshaken faith in our government. Your prayers for me and my team have strengthened us significantly. Your regular counseling have enhanced our intentional drive to deliver on good governance.
My people, you are well aware of what Osun was on and before we took over two years ago. We all recall the pains and sufferings of the public servants and pensioners. We remember the huge infrastructure and policy deficit in transportation, health, education, water, ICT, environment, agriculture and commerce and industry. We cannot forget in a hurry the deep gap between the state leadership and the people.
To revive the state and deliver on good governance, my administration launched out with a five-point agenda. We targeted specific areas of needs of the people which form the major components of the clearly defined agenda.The goal principally was to address the aspirations and immediate needs of our people.
In line with norms of accountability and responsibility to the electorate, I am obligated to render my stewardship midway into the life of our administration. It is, therefore, with praises to God Almighty and the universe that I address you on major advances our admnistration has already recorded across the sectors.
We pursue a preventive health care policy which places emphasis on access to health care. By today, our administration has upgraded 200 primary health care centers out of almost 400 with solar power, boreholes and medical materials. We are now shifting attention to the six general hospitals for upgrade and refurbishing.
In the same vein, we conducted two major Imole medical outreach with over 100, O00 beneficiaries. The third edition is upcoming, even as we have enrolled 29,000 pensioners in the health insurance scheme to bankroll their Healthcare.
On water supply, we developed three structure plans of immediate, short and long term template to resolve the acute water shortage inherited in 2022. Immediately, we delivered 332 boreholes across the 332 political wards in the state. Another 332 is ongoing. Simultaneously, we commenced the rehabilitation of the water works in major towns by relaying the rusted pipes laid in early 70s. Additionally, the abandoned 10 mini-water works are being revived while the project for Ora water scheme is also under implementation.
In the agricultural sector, we started the farm mechanization plan by purchasing 31 tractors in the first phase. Farm inputs were regularly distributed and I am launching the youth agropreneur programme across the 30 local governments and the area councils. We are reviving the farm settlements. We are implementing the new Cocoa and Cashew expansion initiatives.
For the education sector, the University of Ilesa has become a reality with take off grants and accredited courses. Rehabilitation of its internal roads are now ongoing. For the Osun State University, four abandoned projects were completed and a new anatomy laboratory was started and completed by our administration. We rehabilitated 99 secondary schools, restarted the upgrade of the six technical colleges and are about to issue letters of appointment to new teachers.
For the public service sector, our government has paid about 12 billion pension debt in two years compared with 11 billion paid by the opposition for its 12 years in the government of the state. We restored normalcy within the public service with permanent secretaries and regular promotion exercises. Half salary debt is being paid in phases, and a new minimum wage has just been approved for the state workers. Ours is an openly pro-workers government.
In Science and Technology, we gave Osun its first ICT policy, innovations policy and Startup legal framework. We introduced the first digital economy agenda for the state. Implementation of these policies and programmes are ongoing.
For the power sector, our government is finalizing a policy and legal frameworks for the electricity market system. With the devolution of the power sector, the passage of the electricity bill into law in Osun state will enable us to regulate stakeholders in the sector. An electricity regulatory commission will be set up to license generators of powers among others.
My dear people of Osun state, our administration has constructed over 120 kilometers of roads across the state. Several inter- state and intra-city roads completed are to be commissioned during this 16 days anniversary. Two major flyovers are also progressing to completion at Osogbo while works are progressing at the Ile Ife Flyover and Ilesa dualization.
I have redirected our efforts and plan at the completion of Iwo-Osogbo road. We have added the dualisation of Odoori – Adeeke road inside Iwo to be executed in two phases. The first phase will reach Post -Office and Oluwo Palace while the second phase will take off from Post Office to Adeeke Junction.
Our government has enhanced the local economy, not just through its local content policy, we have also expanded access to financing for artisans and small businesses through the cooperative societies. Several millions of naira have been advanced to the state cooperative movement as revolving loans, the first time since the First Republic. We encouraged creation of ward-based artisans cooperative societies across the 332 political wards. Another millions of naira have been advanced to the 332 business groups as revolving loans. During this anniversary, another set of small businesses will get microcredit cheques. Osun money is truly revolving within Osun State economy.
I want our people to note for the record that for all our projects and programmes, we did not obtain any loan. We only block leakages in the state finance and employ local content to moderate project cost and enforce high standards. We never discriminate on inherited projects and we never sack any contractors engaged by our predecessor. We run an open transparent government.
For the second half of our government, I reassure all sons and daughters of Osun State that the government under my leadership will complete all ongoing projects. We will continue to address the infra and social needs of our people. We will strike a balance between hard and soft infrastructure.
Going forward, we will deepen our consultation and interactive mechanism with the citizenry. As we have acted only in public interest in the last two years, we will sustain our responsiveness and respect for the wills and aspirations of our people.
Therefore, I invite you to join me as we commence the anniversary with town hall meetings and commissioning of projects and programmes.
Once again, I thank Osun elders, sons and daughters for your support and prayers. I remain your Governor who is ever committed to service to the high and the low, to the poor and the rich, and to all our citizens and residents.
I thank you for listening.
HE, Senator Ademola Jackson Nurudeen Adeleke, Executive Governor of Osun State.
Governor Adeleke, on July 16 2022 defeated the incumbent administration of Adegboyega Oyetola, and was sworn in as governor on November 27, 2022 to begin a four-year term.
-
News6 years ago
Nigerian Engineer Wins $500m Contract to Build Monorail Network in Iraq
-
Featured7 years ago
WORLD EXCLUSIVE: Will Senate President, Bukola Saraki, Join Presidential Race?
-
Boss Picks7 years ago
World Exclusive: How Cabal, Corruption Stalled Mambilla Hydropower Project …The Abba Kyari, Fashola and Malami Connection Plus FG May Lose $2bn
-
Headline6 years ago
Rehabilitation Comment: Sanwo-Olu’s Support Group Replies Ambode (Video)
-
Headline6 years ago
Fashanu, Dolapo Awosika and Prophet Controversy: The Complete Story
-
Headline6 years ago
Pendulum: Can Atiku Abubakar Defeat Muhammadu Buhari in 2019?
-
Headline6 years ago
Pendulum: An Evening with Two Presidential Aspirants in Abuja
-
Headline6 years ago
2019: Parties’ Presidential Candidates Emerge (View Full List)