The Buhari Administration has, since 2017, issued a number of landmark Executive Orders aimed at strengthening governance and improving the country
of the Central Bank of Nigeria, launched by President Muhammadu Buhari on November 17, 2015, has made available more than 200 billion Naira in funding to more than 1.5 million smallholder farmers of 16 different commodities , cultivating over 1.4 million hectares of farmland.
Federal Executive Council approval for a National Agriculture Mechanization Programme, “the Green Imperative”, in partnership with the Government of Brazil and multilateral financing institutions.Launched in January 2017, as a Government-to-Government agreement with the Kingdom of Morocco It has also established a N5 Billion Fund for Artisanal Miners, as part of the Federal Ministry of Mines and Solid Minerals Development’s Programme to boost Mining activities in Nigeria; as well as a $20 million Fund to support young technology entrepreneurs in Nigeria
The Finance Act, 2019 is the first time Nigeria is accompanying the passage of a Budget with complementary fiscal and business environment reforms legislation. The 2020 Budget is also the first time in 12 years that a Federal Budget has been restored to the January-December cycle. The Buhari Administration is prioritizing the payment of pension arrears owed staff of current and privatized/defunct Federal agencies:: 3,542 pensioners have now been placed on the payroll, ending a 13-year wait for their entitlements.Retired Biafran Police Officers
The improved collaboration between FIRS and the various SIRS’ has resulted in an increase in Nigeria’s “Tax Net” from 13 million as at December 2015 to 35 million at the end of 2018, and a projected 45 million by the end of 2019.Establishment of the Nigerian Office for Trade Negotiations by the Economic Management Team .
Accompanying the installation of MIDAS, is the launch of a New Visa Policy, 2020 by the Nigeria Immigration Service , as part of a broader 5-year Border Strategy Reform .Expansion of Visa Categories from 6 to 79, to reflect and cater to the full range of realities and scenarios for intending travelers to Nigeria.
In 2015, the DMO restructured Commercial Bank loans with a total value of N575.516 billion for 23 States to reduce the debt service burden on the states. In exchange for their loans to State Governments, the banks were issued 20-year FGN Bonds at a yield of 14.83% per annum. The Restructuring Exercise benefited the States through:Interest rate savings for the States ranging from 3% to 9% per annum;Freeing up of needed cash to run the machinery of Government.
In May 2018, the Federal Government launched the Presidential Infrastructure Development Fund , under the management of the Nigerian Sovereign Investment Authority. The PIDF kicked off with seed funding of US$650 million, and has already disbursed funds for three critical road projects: Second Niger Bridge, Lagos-Ibadan Expressway, and the Abuja-Kaduna-Zaria-Kano Expressway.
New Abuja and Port Harcourt International Airport Terminals completed, in Q4 2018. New Lagos and Kano International Airport Terminals scheduled for completion in 2020. All were inherited from the previous administration at various stages of completion, and in some cases required project redesign and revision.
Reconstruction of outstanding section of sections of Benin–Ofusu–Ore–Ajebandele–Shagamu dual-carriage Phase IIIThe Federal Government’s Energizing Economies Programme is a public-private partnership led by the Rural Electrification Agency , to deliver stable power supply to markets and economic clusters across the country. The initial phase is ongoing in Ariaria Market in Aba, Abia State , Sura Shopping Complex in Lagos , Shomolu Printing Community in Lagos and the Sabon Gari Market in Kano .
500,000 N-Power beneficiaries currently enrolled and have been deployed and are receiving N30,000 in monthly stipends. Additional 40,000 are at various stages of enrolment.₦36.9 billion so far disbursed in interest-free loans ranging from N50,000 to N350,000 to more than 2.3 million market women, traders, artisans, farmers across all 36 States of the country and the FCT, under GEEP, using locally developed and implemented technology solutions .
Patents submitted by Nigerian scientists and engineers, through the National Office for Technology Acquisition and Promotion , an agency under the supervision of the Federal Ministry of Science and Technology, increased from six in 2015 to 57 by 2019.Commercialized R&D breakthroughs in honey, shea butter, kilishi, leather works, traditional medicines, textiles, seedlings, etc.
Establishment of a state-of-the-art greenhouse facility for the production of elite yam seedlings with a target of 1-5 million yam seedlings per planting season. The facility will also produce potatoes, banana and pineapple seedlings. In 2018, D’ Tigress, Nigeria’s Female National Basketball Team earned its first-ever win at the FIBA Women’s World Cup, and went on to advance to the quarterfinals. The Team finished in 8In 2019, D’ Tigress successfully defended its 2017 Afro Basketball Women Championship Title.
Establishment of the Creative Industry Financing Initiative , by the Central Bank of Nigeria in collaboration with the Bankers’ Committee, to provide single-digit financing to young Nigerians in the fields of Fashion, Film, Music and Information Technology. The New Vision offers a detailed response to the 16-point Demand Agenda submitted to President Buhari by the Pan Niger Delta Forum in November 2016.Take-off of the Nigerian Maritime University in Okerenkoko, Delta State. The University was granted approval in January 2018 by the National Universities Commission to commence undergraduate degree programmes effective 2017/18 session, and commenced academic activities on April 12, 2018.
The TSA allows the managers of the Government’s finances, including but not limited to the Ministry of Finance and the Office of the Accountant-General of the Federation, to have, at any point in time, a comprehensive overview of cash flows across the entire Government. provides comprehensive information on Government’s current and projected cash flows, leading to better cash management. For example, the conversion from cash accounting to accrual accounting led to the discovery of unrecorded debts owed contractors, oil marketers, exporters, electricity distribution companies and others.In May 2016, President Buhari attended and participated in the International Anti-Corruption Summit organised by the UK Government.
The Unit monitors Ministries, Departments and Agencies of government, identifying and eliminating wasteful spending, duplication and other inefficiencies, and identifying best practices in procurement and financial managementPACAC was established by President Buhari in August 2015 to, among other things; promote the reform agenda of the government on the anti-corruption effort, and advise the present administration in the prosecution of the war against corruption and the implementation of...
Increased Investments in Arms and Weapons: Government to Government military deals with the Governments of the US, China, Russia, Pakistan, and so on have helped eliminate expensive and opaque middlemen. In April 2020, a first batch of 17 military vehicles arrived from China, for the fight against Boko Haram.
From 2015 to May 2020, the Nigerian Navy has conducted a total of 34 operations which have substantially improved security in Nigeria’s waters, and Nigerian Navy ships have clocked about 22,000 hours at sea. President Buhari resuscitated the Ministry of Police Affairs in 2019, to oversee the development and implementation of strategies to enhance internal security in NigeriaPresident Buhari signed into law, in 2019, the Bill establishing the Police Trust Fund, which will significantly improve funding for the Nigeria Police Force.BuhariEstablishment of Operation Whirl Stroke in May 2018, to curtail violence in Benue, Taraba and Nasarawa States.
Thousands of hostages have been freed from Boko Haram captivity, including 106 of the Chibok Girls abducted in April 2014, and 105 of the Dapchi Girls abducted in February 2018.
Training and deployment of hundreds of Special Forces personnel by the Nigerian Army and Nigerian Air ForceRe-establishment of Nigeria’s position and influence in the regional and global arena. Fragile/broken relations with the United States, United Kingdom, South Africa, and with neighbouring countries have been revived and strengthened since June 2015.
The establishment of a Global Forum for Asset Recovery , hosted by the governments of the US and UK in December 2017, to focus on assisting Nigeria and three other countries to reclaim their stolen assets. A total of US$622 million in looted Abacha funds repatriated to Nigeria in two tranches in December 2017 and April 2020. The first tranche is being disbursed as part of the Buhari Administration’s Social Investment Programme interventions, while the second tranche is being invested in the Presidential Infrastructure Development Fund , managed by the Nigeria Sovereign Investment Authority .
President Buhari’s interventions have helped restore and strengthen democracy in The Gambia and Guinea Bissau. He authorized the deployment of troops, fighter jets and warships to The Gambia during the impasse that followed the December 2016 Presidential elections. Signing of a MoU with Volkswagen of South Africa to develop a joint vision for an automotive hub in Nigeria.Renewed cooperation in Security and Anti-Corruption. The US Government has approved the sale of 12 Super Tucano Aircraft to Nigeria, as well as repatriation of recovered looted monies and assets stashed in the US.
The Nigerian Sovereign Investment Authority has seen inflows of around US$2 billion under the Buhari Administration. These are the first government inflows since the original US$1 billion which the Fund kicked off with in 2012.Relations with Saudi Arabia have greatly improved.
The President has also set up a Presidential Task Force on #COVID-19, chaired by the Secretary to the Government of the Federation, Boss Mustapha, with Dr. Sani Aliyu as the National Coordinator. The PTF is coordinating Nigeria’s multi-sectoral inter-governmental approach to COVID-19.
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