1. “Despite 60% less revenue, we have, by stopping grand corruption, made the highest capital spend in the history of the country in the sum of about N1.3 trillion. We are, for the first time, taking on the game-changing infrastructure projects.” – VP YEMI OSINBAJO

2. The capacity of the Transmission Company of Nigeria (TCN) to transport energy has grown to 7,125 MW as at December 2017, up from about 5,000MW in 2015.

3. The road projects being funded by the 100 billion Naira Sukuk Bond raised in 2017 are ongoing. Each geopolitical zone got 16.67 billion Naira.

4. (QUOTE) Minister of Power, Works and Housing: “More power is coming to Nigeria in 2018, from Azura (450 MW); Katsina Wind (10 MW); Gbarain (115MW); Kashimbilla (40MW); Afam III (240MW); Gurara (30MW); Dadin Kowa (29MW); Kaduna (215MW) to mention a few… not [including] mini-grids and solar systems in various stages of development.”

5. Impact of the 1st Phase of the Federal Government’s Energizing Education Programme (EEP), planned for 2018. The EEP, being implemented by the Rural Electrification Agency (REA) aims to provide dedicated and reliable electricity to a total of 37 Federal Universities and 7 University Teaching Hospitals across Nigeria. The University of Lagos has been enjoying this.

6. From the Niger Delta Power Holding Limited (NDPHC): The Niger Delta Power Holding Company, (NDPHC), jointly owned by the Federal, State and Local Governments, has commenced the construction of an US$18m power transmission and transformation substation, in Lafia, Nasarawa State, to improve power supply across the country, particularly in Abuja, Nasarawa and neigbouring states. The substation is scheduled for completion and inauguration before the end of 2018.

7. From the Rural Electrification Agency: The #EnergizingEconomies Initiative of the REA aims to provide 24/7 electricity to economic clusters across the country which have a high impact on the economy. Its first phase, the deployment of solar home systems to 500 shops in Sabon-Gari Market in Kano State, has just been completed. Future deployments planned for Ariaria Market in Abia State, Somolu Printing Community in Lagos State, and Sura Shopping Complex also in Lagos.

8. “We are also building, after 40 years, the Mambilla hydro project, while work on the Second Niger Bridge is going on daily.” – VP YEMI OSINBAJO


9.Release of N2 billion take off grant for the Maritime University as part of measures to address agitations in the Niger Delta region.

10. Release of 106 Chibok girls, as well as over 16,000 persons in Boko Haram captivity.

11. Tackling insurgency, decimation of Boko Haram in the North East.

12. Recovering 14 local governments and territories previously under Boko Haram control in the North East, rebuilding lives of citizens there; about one million displaced persons in the NE have returned to their communities in two years of this administration.

13. Curbing the incidence of kidnap across the country. (Arrest of kidnap kingpins and dismantling of kidnap cells across the country)

14. Restoring morale of the Nigerian military; re-organizing and better equipping the Nigerian Armed Forces with prompt payment and various incentives.

15. Purchase of 12 Super-Tucano aircrafts worth $600 million to aid the Nigerian military’s current operations in the North East.

16. Ensuring continued peace in the Niger Delta through consistent funding of the FG amnesty programme for ex-militants.

17. Introduction of an improved mechanism for distribution of aid to IDPs in the North East through the establishment of the Special Intervention Programme of the Federal Government. (Door-to-door strategy)

18. Securing Benue And Ending Farmers Herders Clashes:

. January 31: President Muhammadu Buhari wrote a letter to the Senate titled “Re: Report on the Review of the Security Infrastructure on Nigeria on the Emergency Visit to Benue,” enumerating several courses of action that had been taken by the Federal Government since the farmers- herdsmen crisis began.

February 1: Vice President Yemi Osinbajo presided over the meeting of the National Economic Council Working Group on the Herdsmen/Farmers conflicts in parts of the country at the Presidential Villa. A number of State Governors are members of the NEC Working Group. Governors of Adamawa, Ebonyi, Plateau, Kaduna, and Zamfara States, and Deputy Governors of Benue and Oyo States were present. Also in attendance were the Ministers of Agriculture and Interior. At the end of the meeting, the Working Group constituted a Sub-Committee to visit frontline States, and hold consultations with stakeholders on how to end the conflicts. The Sub-Committee will visit Benue, Taraba, Zamfara & Adamawa States, to understand the different conflict dynamics and develop long-term solutions.

Sustainable Public-Private Solutions:
One of these long-term solutions is the implementation of the recommendations and outcome of the National Conference on the Transformation of the Nigerian Livestock Industry held in Abuja from September 11 to 15, 2017. The conference, organized by the Federal Government through the Federal Ministry of Agriculture and Rural Development, had in attendance stakeholders across the academia, agriculture/development institutions, security agencies, representatives of farmers and herdsmen associations, community and religious leaders. One of the Conference recommendations is the modernization of Nigeria’s livestock industry through the establishment of Ranches:

These Ranches will be Public-Private Partnerships, involving the Federal and State Governments, local communities, and private investors.

They will offer Land, Water, Pasture and Security, and include facilities for production of livestock, fodder and pasture, grain for livestock feed, as well as processing and service facilities.

Funding will come from a variety of sources including a proposed ‘Anchor Growers Scheme’ to be developed by the CBN and modeled after the existing Anchor Borrowers Scheme launched for smallholder farmers in November 2015.


19. We used to spend almost $3 billion on rice importation, now rice importation has been cut by 80%. Reduction in rice imports has a result of government’s policies that has encouraged massive rice production across Nigeria.

20. More support to State Governments than any other government since 1999.
“As at September 2017, total support (excess crude account koan and budget support facility), excluding Paris Club Refunds, is in the order of #876.3billion, and if we add Paris Club Refund Refund, we have disbursed #1.91trillion.” – VP Yemi Osinbajo

21. Central Bank of Nigeria: Nigeria’s foreign reserves have risen to $41 billion as at February 8, 2018, from $40.4 billion as at early January 2018.

22. The Ministry of Finance has so far released N1.2 trillion under the capital expenditure component of the 2017 Budget — which took effect from June 2017. In terms of capital spending, the 2017 Budget is on course to eclipse the 1.3 Trillion Naira released in the 2016 Budget — the highest ever in Nigeria’s history.

23. From the Federal Inland Revenue Service (FIRS): Tax revenue collected totalled N4.03 trillion in 2017, 82.38% of the N4.89 trillion target set for the Service by the Federal Government during the period, and N720 billion (22 percent) more than the N3.31trillion generated in 2016.

24. From the Manufacturers Association of Nigeria (MAN): Nigeria’s manufacturing sector is outperforming some of its African peers with capacity utilisation moving up from 44.3% in 2016 to 55% in 2017 while the Nigeria’s Purchasing Managers’ Index (PMI), as measured by the Central Bank of Nigeria (CBN) expanded for the tenth consecutive month in January 2018, at 57.3 points.

25.From the Nigerian Investment Promotion Commission (NIPC): Nigeria secured US$66.36 billion worth of investment commitments for 112 projects across 27 states and the FCT in 2017. The oil and gas sector currently account for the highest announced investments with deals worth $25.26bn, 38% of the total.

26. The Development Bank of Nigeria (DBN), conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners as a wholesale bank to support MSMEs in Nigeria, and licensed by the Central Bank in 2017, has so far disbursed 5 billion Naira to three National Microfinance Banks — Fortis Microfinance Bank Plc, LAPO Microfinance Bank Ltd and NPF Microfinance Bank — for on-lending to more than 20,000 MSMEs across Nigeria.

27. Ministry of Finance: Nigeria is set to issue a US$2.5 billion Eurobond; a follow-up to the US$3bn Issuance in late 2017. Transaction Advisers have been appointed for the Issuance.

28. From Bloomberg: “Net foreign inflows to Nigerian equities totaled 337 billion naira ($940 million) last year, the first time flows have been positive since at least 2013. December was the best month since Bloomberg started compiling data at the beginning of 2014, with net inflows of 140 billion naira, signaling a switch in sentiment toward equities in Africa’s biggest oil producer.”

29. As part of efforts by the Federal Government to block revenue leakages (about N100 billion was discovered as tax revenue shortfall by contractors between 2012 and 2017), on January 9, the Ministry of Finance ordered vendors of Ministries, Departments and Agencies (MDAs) to display their Tax Identification Numbers (TINs) on their invoices before payments are effected by the MDAs.

30. The Nigerian Ports Authority: The Nigerian Ports Authority has declared total revenue of N299.56bn for the 2017 fiscal year. The 2017 revenue exceeded the previous year’s N162.20bn by 84.65 percent and is the highest ever generated by the agency.

31. From the Debt Management Office (DMO): N196.3 million was raised through the first auction of the Federal Government Savings Bond issued in the second week of January 2018.

32. Buhari administration’s Social Investment Programmes reach over 7 million Nigerians

33. The correct figures of the total Federal Government support to states so far stands at N1.91 trillion and not N1.19 trillion as reported in some media reports. A breakdown of the disbursement comprises N876.3 billion for excess crude account loan and budget support facility while the balance of N1.034 trillion is for the Paris Club refund.

34. From the Social Investment Programme (SIP): Over 246 million meals have been served to date to primary pupils across 20 states in the country, since the National Home Grown School Feeding Programme (NHGSFP) kicked off in December 2016. The total figure is expected to reach 313 million meals by the last week of February 2018. Also, the school Feeding Programme now feeds 6,044,625 pupils in 33,981 public primary schools across 20 states.

35. The Conditional Cash Transfer (CCT) has so far recorded over 280,000 beneficiaries in 21 states, while about 300,000 Government Enterprise Empowerment Programme (GEEP) interest-free micro-credit loans have been disbursed nationwide.

36. N-power scheme, which is targeted at providing jobs for unemployed young graduates, has recruited 200,000 youths, and will increase that number in 2018.

37. Recall that as a direct outcome of the work of PEBEC and its operational arm, the Enabling Business Environment Secretariat (EBES), Nigeria in 2017 moved up 24 places to 145th in the World Bank’s ‘Doing Business’ report, and for the first time the country was recognized as one of the top 10 most improved economies in the world.

38. Total Direct Beneficiaries from all the SIP Programme is 7,812,201

· Secondary Beneficiaries – 1,500,000, mainly farmers and cooks

· Total actual spending in 2016 and 2017 = 15.58% of the budget

39. Implementing the National Economic Recovery and Growth Plan (ERGP) to aid economic recovery, taking the country out of her worst recession in 29 years, despite fall in oil prices.

40. N1.2 trillion expended on capital/infrastructure projects nationwide, a milestone in the nation’s history.

41. Effective implementation of the Treasury Single Account, and increasing government revenue by over N3 trillion as well as entrenching transparency and accountability.

42. Implementation of the Bank Verification Number (BVN), thus tackling corruption by plugging loopholes for siphoning of public fund and tracking of illicit funds through multiple accounts

43. Ease of doing business: the Federal Government signed into law 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) which has facilitated access to more affordable credit for Nigerians, fast tracked budget submissions and promotes Made-in-Nigeria products.

44. Establishment of the Presidential Quarterly Business Forum to enhance interaction and private sector participation in the development of the economy.

45. Institutionalizing E-governance setting the foundation for the creation of a truly digital economy.

46. Creation of opportunities for youths to leverage innovation in technology through the introduction of the Aso Villa Demo Day (AVDD) through which over N700 million has been disbursed to young entrepreneurs.

47. The revitalization of the Made-in-Nigeria campaign. (Emphasis on consumption of local products gain grounds)

48. Implementing reforms in the civil service which has led to the elimination of over 30,000 ghost workers, thereby saving the country billions of naira monthly.

49. Massive investments in agriculture, e.g, Anchors Borrowers Programme to improve local produce, improving fertiliser distribution and access across states through the Presidential Fertilizer Initiative.

50. Completion of over 33, 000 Hectares for Irrigation Projects that have increased water availability in key food producing states.

51. SIP: Ongoing Government Enterprise and Empowerment (GEEP) Scheme; commenced in November 2016 in collaboration with the Bank of Industry, where soft loans ranging from N10, 000 to N100, 000 have been given to over 189,000 market women and traders across different states.

52. SIP: Home Grown School Feeding Programme, where almost three million schoolchildren have been fed, while tens of thousands of cooks have been engaged in their respective states.

53. SIP: Conditional Cash Transfer (CCT) scheme, under which about 25,000 less privileged Nigerians so far are now being funded with the monthly N5,000 stipend in 9 pilot States (Bauchi, Borno, Cross Rivers, Ekiti, Kwara, Kogi, Niger, Osun and Oyo). More beneficiaries are expected to be added in more states.

54. The establishment of MSMEs Clinics, a small Business support programme to support entrepreneurs and small businesses in different states.

55. Establishment of One-Stop-Shops to support policies on Ease of Doing Business.

56. Phasing out subsidy for petroleum products, elimination of fuel scarcity and queues in petrol stations.

57. Implementation of the FG Niger Delta new vision, a comprehensive road map to improve livelihood and social infrastructure.

58. Improved power generation nationwide adding $500million to Nigeria’s sovereign wealth fund and about $87million to its excess crude account.

59. The creation of the N30billion Solid Minerals Development Fund.

60. Encouraging the patronage of local contents and increasing export in agriculture.

61. Signing of Executive Order 001 which is the promotion of transparency and efficiency in the business environment – to ensure that public servants offer prompt service in a predictable and transparent manner, and sanction undue delays.

62. Signing of Executive Order 002 which is on prompt submission of annual budgetary estimates by all statutory and non-statutory agencies of the Federal Government including incorporated companies wholly owned by FG.

63. Bailout of cash crunch states; about N689 billion to 27 states of the federation to pay salaries in 2015 which has never happened in the history of the country.

64. Complete refund of Paris loan deductions to states (unprecedented).

65. Modification of the tax system so that it is more efficient.

66. Reforms at the nation’s seaports (Issues with cargo clearance at the ports addressed)

67. Improved duration (under 48 hours) for visa approval especially for investors.

68. Resuscitation of the nation’s refineries which are now working at 50 percent capacity for the first time in over a decade.

69. Eleven of the dead 33 fertilizer plants have been resuscitated while four others are to be revived shortly and this has profound impact on the ongoing revolution in the agricultural sector.

70. Cancellation of the Joint Venture cash calls with oil multinational companies operating in Nigeria (For the first time in the history of the industry) which has led to savings of billions of dollars lost to fictitious contract payments.

71. The new development bank of Nigeria (DBN) is finally taking off with initial funding of $1.3billion (provided by the World Bank, German Development Bank, African Development Bank, Agence Francaise De Development) to provide medium and long term loans to MSMEs.


72. Economic and Financial Crimes Commission (EFCC): The Commission recovered in excess of 500 billion Naira in 2017, including 473 billion in Naira, 98 million in USD, 7 million in Euros, and 294,000 in Pounds Sterling.

73. Improving Nigeria’s international image and regional cooperation with neighbouring countries in fighting insurgency.

74. Anti-corruption war: Prosecuting alleged corrupt public officers and recovering billions of naira of stolen public funds; the successful establishment of the whistle-blower policy.

75. Signing of Executive Order 004 – Voluntary Income Asset Declaration Scheme (VAIDS). This aims to increase tax awareness and compliance, and reduce incidence of tax evasion.

76. Signing of agreements with a number of nations to provide Automatic Exchange of Information.

77. Signing of the Extradition Treaty between Nigeria and United Arab Emirates (UAE) toward strengthening Nigeria’s anti-corruption campaign.

78. Establishment of PACAC – a think-tank that has provided leadership, direction and also built capacity of personnel in the fight against corruption.


79. Improving transport infrastructure (rail and road); construction work ongoing on the Lagos-Ibadan Expressway.

80. Reforms in the airports (reconstruction of the Abuja airport runway and ongoing work at the Lagos airport). Completion of Abuja – Kaduna Railway among others.

81. On February 5, President Muhammadu Buhari signed Instruments of Ratification of Bilateral Air Services Agreements between Nigeria and the Governments of the People’s Democratic Republic of Algeria, Democratic Republic of Congo, the People’s Republic of China, the State of Qatar, and the Republic of Singapore. The execution of these instruments will significantly improve Nigeria’s aviation links with the respective countries, and will open up new flight routes that the planned National Carrier can benefit from.

*Key milestones in Aviation within the last year:

82. March – April 2017: Reconstruction of the Abuja Airport runway, within budget and on schedule.

83. September 2017: The Murtala Mohammed International Airport in Lagos earned International Civil Aviation Organisation (ICAO) certification, for the first time ever. Shortly afterwards the Nnamdi Azikiwe International Airport in Abuja was also certified. The certification means that the Airports’ facilities and operations meet international best-practice standards.

84. November 2017: The International Civil Aviation Organisation (ICAO) awarded the Nigerian College of Aviation Technology (NCAT) in Zaria, Kaduna State the status of a Regional Training Center of Excellence.

85. 21- 23 November 2017: Nigeria hosted the world at the International Civil Aviation Organisation (ICAO) World Aviation Forum In Abuja. This was the first time the Forum took place outside the ICAO’s headquarters in Montreal, Canada.

86. 7 December 2017: Nigeria signed a Bilateral Air Service Agreement (BASA) with the United Arab Emirates (UAE) in Colombo, Sri Lanka.

87. 15 December 2017: Emirates Airline resumed flights to Abuja, suspended in October 2016. The Airline also resumed its second daily flight to Lagos.

88. December 2017: Nigeria retained its Federal Aviation Administration (FAA) Category 1 status, after a routine audit. This status, first awarded in 2010, means that Nigerian-registered airlines can fly into the United States, and US airlines are allowed to fly to Nigeria.

89. 29 January 2018: Nigeria joined other African countries to launch the Single African Air Transport Market (SAATM) at the African Union Headquarters in Addis Ababa, Ethiopia. Benefits of the SAATM include more opportunities for an increase in the number of direct flights between African countries, which will increase customer comfort and convenience, reduce travel costs, shorten journey times, and create more jobs for the aviation industry.

90. January 2018: Aero Contractors launched its Maintenance Repair and Overhaul (MRO) facility in Lagos. With the MRO facility, aircraft C-checks — one of the most comprehensive levels of maintenance carried out on an aircraft — can now be done locally on Boeing 737s — the most popular model used by Nigerian airlines — saving Nigeria an estimated $90m annually.


91. Eradication of polio disease in the country.

92. Eradication of deadly Ebola virus disease.

93. The introduction of the One Primary Health Centre per ward programme of the Federal Government.

94. Minister of Health: “By the end of the April, eight million Nigerians stand to benefit from basic health care through the first phase of implementation of the Basic Health Care Provision Fund, BHCPF.”



· The new Maritime University in Okerenkoko, Delta State, has now commenced operations, inviting job applications for academic staff.

· The take-off of the Maritime University was one of the major requests tabled before the Federal Government when the Vice President Yemi Osinbajo, SAN, went on a series of tour to all the Niger Delta states during the year, following President Buhari’s meeting with leaders of Pan Niger Delta Elders Forum (PANDEF) last November.

96. Investment in Ibaka Deep Sea Port:

· The Federal Government has budgeted N1 billion towards the development of Ibaka seaport in Akwa Ibom.

97. Investment in Bonny-Bodo Road Project: The N120 billion Bonny-Bodo road project was flagged-off in October 2017 by the Vice President, Prof. Yemi Osinbajo, SAN. The 34-kilometre road project, linking Bonny Island to the mainland was first mooted about 40 years ago.

· When completed, the 34-kilometres road would connect several major communities in the Niger Delta region and boost socio-economic development and improve the lives of people in the Niger Delta region.


· The Federal Government approved the establishment of the Export Processing Zone (EPZ) comprising the Gas City Project at Ogidigben, and the Deep Seaport in Gbaramatu, Warri South-West local government area, Delta State.

· When fully operational, these projects are expected to boost socio-economic activities and improve the security landscape of the Niger Delta region.

99. Nigerians now celebrate freely during festive periods without any fear of bomb blast or any attack by Boko Haram – it was an impossible dream years ago before this government came on board.

100. Work is at various stages of completion on these strategic roads with immense socio-economic benefits:

a. Rehabilitation of Ilorin-Jebba-Mokwa-Birnin-Gwari-Kaduna Road;

b. Dualization of Oyo-Ogbomosho-Ilorin Road;

c. Rehabilitation of Gombe-Numan-Yola Road;

d. Dualization of Kano-Maiduguri Road

e. Rehabilitation of Sokoto-Tambuwal-Jega Road and Kotangora-Makera Road that transverse Sokoto, Kebbi and Niger States;

f. Rehabilitation and Reconstruction of Enugu-Port-Harcourt Road;

g. Rehabilitation of Enugu-Onitsha Dual Carriageway Road;

h. Rehabilitation of Aleshi-Ugep Road and the Iyamoyun-Ugep Section in Cross River State;

i. Rehabilitation, Reconstruction and Expansion of Lagos-Ibadan Dual Carriageway Road;

j. Construction of Loko-Oweto Bridge over River Benue in Nasarawa and Benue States; and

k. Construction Gokanni Bridge along Tegina-Mokwa-Jebba Road in Niger State.

• The Bonny-Bodo Road is being jointly funded by the Federal Government and Nigeria LNG Limited. This project was conceived decades ago but it was abandoned.

This Administration restarted the project and when completed, it will enable road transportation access for key communities in the Niger- Delta region; and

The Apapa Wharf-Toll Gate Road in Lagos State is also being constructed by private sector investors in exchange for tax credits.

The Buhari Osinbajo led administration is very much committed to achieving 95% of what it has promised. Nigerians all around can testify to all of these achievements in a pace of less than 3years.


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