The PDP got $1 trillion dollars from crude oil sales in 16 years and shared it among themselves as spoils or perks of office. Buhari got $97b in 3.5 years and turned the whole of Nigeria into giant construction sites and the country into a nation which cares for its most vulnerable citizens.
The PDP looted Nigeria into recession but Buhari pulled us out of the pit of recession in less than 12 months due to smart implementation of brilliant economic policies.
When you look at the way the Venezuelan economy was torn to shreds by over dependence on oil you cannot but appreciate this economic feat of Buhari. In Venezuela today, to buy a Mars Chocolate you need a big Ghana-Must-Go bag to carry their currency to the seller because their currency has been extremely devalued.
Because of economic hardship thousands of Venezuelan citizens are crossing their land borders into Brazil.
When you look at what happened to Cyprus some years ago when there was a run on their banks, and all the bank depositors in Cyprus lost all their savings in the bank, you cannot but celebrate this achievement of Buhari.
The Joint Admission Board (JAMB) remited less than N50m in 16 years under the PDP but in 2016 and 2017 it remitted a total of N8.7b.
Despite earning an average of $100 per barrel of crude oil or $400b between 2010 and 2014, Nigeria failed to meet cash-call obligations of over $6b to its upstream oil and gas joint venture multinational oil partners thereby causing massive job losses in the oil industry. Even though Buhari earned just 15% of this amount in the first two years of his admin. the FG was able to put in place a financing structure which has cleared this back-log of $6b and ensured constant funding of Nigeria’s cash call to these multinationals thereby creating more job opportunities in the oil and gas industry.
The Nigeria Customs Service used to remit disgraceful amounts to the treasury. But now it is projected that it will remit between N1.5 trillion and N2 trillion naira in 2018. In 2017 it remitted close to N1.4 trillion to the treasury.
The Federal Inland Revenue Service now remitts around N4 trillion naira per year to the treasury unlike before under GEJ when it used to remit around N2 trillion.
The implementation of the Treasury Single Account which was conceived by GEJ only started under Buhari and over 4 trillion which MDA officials used to share among themselves at the end of every year with the connivance of the banks were mopped up successfully by President Buhari and factored into the 2017 budget.
The implementation of the BVN by President Buhari eliminated 75k ghost workers from the civil service thereby saving Nigeria N200b per year which were paid into the bank accounts of some corrupt civil servants many of whom have been prosecuted and jailed.
Unlike before when fuel scarcity was a recurring decimal, now under Buhari this problem has been nipped in the bud.
The 3k MW Mambila Hydro Power project which was conceived decades ago has now received counterpart funding from the FG and it has been awarded to a Chinese construction firm for $5.7b. Most of the funds for the project will come from the China Exim Bank.
Buhari has recovered looted funds of over N1 trillion, looted under the PDP/GEJ’s 5 year administration and these recoveries were factored into 2017 and 2018 budgets of the FG.
Buhari has been able to purchase over a billion dollar worth of military hardware to fight terrorism. This is the first time such huge sale of heavy weaponry is being sold to Nigeria in decades.
Kidnappings, smuggling, armed robbery and brazen embezzlement of public funds have reduced drastically under President Buhari.
Buhari took us from a one-product and oil dependent economy to a diversified economy. From spending billion of dollars on rice importation and from being the biggest rice importing nation in the world to becoming the biggest rice producer in Africa and the 6th largest in the world. It takes sound policy implementation to achieve this kind of feat.
He is also putting billions of naira in the pockets of Nigerians directly via the rice related anchored borrowers program which has created over 12 million jobs and over 4 million rice millionaire farmers.
Cash is paid directly to the poor via the conditional cash transfer and tradermoni programs of the Buhari admin. Millions are benefiting from the conditional cash transfer of a non-refundable sum of N5k per person per month under Buhari. 10k per person is being paid also under the TraderMoni program and this amount can be scaled up to N100k if the beneficiaries pay back the loan. Because of these disbursements millions of petty traders, shoemakers, vulcanizers, market women now have petty cash that they can use to sustain their trade and can more easily send their kids to school.
Over 15m pupils are getting one meal a day with a drink and this has increased school enrollment.
Over 4,000 capital projects were included in the 2018 budget alone and Buhari is doing his best to disburse to contractors despite the fact that Saraki reduced the funds for these 4,000 projects by N347b. This same Saraki wants to use the PDP ticket to bring back their corruption and we the patriots of Nigeria say God forbid. Saraki and his ilk can only become Presidents in their nollywood movies not in real life.
Buhari has so far spent over 2 trillion naira on roads, bridges, airports, primary health care etc.
500k previously unemployed graduates now have jobs under Buhari’s N-Power program.
Pensioners who were forgotten are now getting paid including ex-staffers of the Nigerian Airways who 35 years after the Airline went belly up are going to get paid in 2018.
Also, ex-service men including those who served under Biafra got paid the gratuity that the FG had been owing them since the 60s, 70s, 80s, 90s and their pension payments have been regular under Buhari.
Thousands of Nigerians who would have continued to die in road accidents because of roads the PDP did not fix for 16 years cannot say Buhari has not made his impact felt considering the fact that over 500 federal roads are currently being fixed by FERMA and the Federal Ministry of Works all under Buhari.
Millions of Nigerians who are going to benefit from the dual carriage standard gauge rail lines scattered around the 6 geo-political zones of Nigeria and to be operated by General Electric upon completion cannot say Buhari has not tried. Buhari is already connecting all our sea ports and airports to the rail line.
Thousands of artisans and graduates who are drawing down on loans of over N50b made available to them through the bank of industry with only their University certificates and NYSC discharge certificates serving as collateral cannot say they don’t like Buhari..
Millions of internally displaced people who are returning to their villages after Buhari recovered two-thirds of the territories of the Northeast of Nigeria from Boko Haram, after they had hoisted their flags there and had started collecting taxes from locals are grateful to Buhari.
The 20k Nigerians who Buhari has rescued from Boko Haram captivity and the 100 Chibok girls and 100 Dapchi rescued girls cannot say Buhari has not impacted their lives positively.
This article has only discussed 30% of Buhari’s scorecard. You can only imagine that if the article had included the remaining 70% of Buhari’s score card there would have been much more to cheer about Buhari’s achievements.
Bunmi Awoyemi Divinewealth