Presidency Lists Jinxes Broken by the Muhammadu Buhari Administration
The Nigerian presidency on Sunday, September 5, published a checklist of major jinx broken in the lifetime of the President Muhammadu Buhari administration.
PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!
A statement released by presidential spokesman, Femi Adesina, provides landmark achievements by the current administration following the Nigerian National Petroleum Corporation (NNPC) announcing a first Net Profit in 44-years.
Source: Facebook
Below are the achievements listed by the presidency:
Policies and legislation
1. Petroleum Industry Bill signed into law in 2021, after almost two decades in the works. It is aimed at reforming a Petroleum Act dating back to 1969, as well as other supplementary laws and regulations.
PAY ATTENTION: Join Legit.ng Telegram channel! Never miss important updates!
2. Deep Offshore and Inland Basin (Production Sharing Contracts) Act, 2019, amended for the first time since 1993.
3. More than 6 billion dollars of inherited Cash Call Arrears now being cleared by the Buhari Administration, since 2016. More than 3 billion dollars of the arrears (payments due to International Oil Companies) have since been paid.
4. The Buhari Administration has overseen the first successful Marginal Fields Bid Round in almost 20 years.
5. The Buhari Administration has launched the first National Social Investment Programme in the country’s history. Today it is the largest Social Investment Programme in Africa and one of the largest in the world.
6. Restoration of the Federal Budget to a January-to-December cycle, after more than a decade.
7. The Nigeria Center for Disease Control (NCDC) was established in 2011, and for its first seven years did not have an enabling Act of the National Assembly — Until 2018 when President Buhari assented to the NCDC Act.
8. Nigeria Police Act, 2020: The first overhaul of the Police Act since it was originally enacted in 1943
9. Nigeria Correctional Service Act, 2019 - overhauled the existing Prisons Act, almost 50 years after it was first enacted.
10. Finance Acts 2019 and 2020 - the first time ever that Federal Budgets are being accompanied by dedicated and specific reform legislation, to support implementation.
11. Suppression of Piracy and Other Maritime Offences Bill (SPOMO), 2019: The first of its kind in the entire Gulf of Guinea, dedicated to prosecuting maritime offences.
12. Police Trust Fund Act, 2019: First-ever legislation dedicated to addressing the financing of the Police Force
13. CAMA, 2020 - the first overhaul of the Company and Allied Matters Act (CAMA) in 30 years.
14. Discrimination Against Persons With Disabilities (Prohibition) Act, 2018: Another unprecedented piece of legislation in Nigeria
15. Treasury Single Account (TSA) started in 2012, expanded across the entire Government by President Buhari
Projects
16. Itakpe-Warri Rail Line, started in 1987, abandoned for decades, and finally completed in 2020
17. Completion of four standard gauge railway projects between 2016 and 2021: Abuja-Kaduna Rail Line, Abuja Metro Line, Itakpe-Warri Rail Line and Lagos-Ibadan Rail Line.
18. President Buhari is the first President to start and complete a rail project in Nigeria’s history (Lagos-Ibadan Rail).
19. The last NLNG Train project (Train 6) was completed in 2008. President Buhari has successfully flagged off Train 7 construction.
20. Apapa-Oshodi-Oworonshoki Expressway, undergoing full reconstruction for the first time since it was constructed in the late 1970s.
21. Bodo-Bonny Bridges and Road: Construction finally kicked off in 2017, after several decades of planning, and three false starts.
22. The long-awaited Ogoni Clean-Up kicked off under the Buhari Administration.
23. The Nigerian Navy has this year (2021) acquired its first new Landing Ship Tank (LST) in more than 40 years.
24. The Nigerian Air Force has enjoyed the largest investment in fleet renewal in decades, under President Buhari, acquiring more than two-dozen new aircraft since 2016.
25. Construction of the first full-scale private refinery and the first privately financed Deep Sea Port in Nigeria’s history both started under President Buhari’s watch.
26. Only one Modular Refinery in the country pre-2016. Since 2018, there have been several either under construction or already completed.
27. Maritime University, Delta State, licensed by the NUC and operationalized in 2018
28. Completion, since 2016, of twelve (12) inherited Dam projects across the country.
29. Completion of three (3) inherited Hydropower Projects.
30. Completion, since 2016, of seven (7) inherited Irrigation projects and 30 Water Supply Projects inherited by the Administration.
31. NDDC HQ Complex, started in the mid-1990s, completed in 2021.
32. EFCC HQ Complex, construction started in 2011, completed in 2018.
33. Zik Mausoleum, started in 1996, completed and commissioned 2018.
NNPC declares N287bn profit for the first time in 44 years, Buhari excited
Earlier, President Buhari took to social media to announce that for the first time in 44 years, NNPC declared profit.
The president disclosed this in a statement posted on Facebook and sighted by Legit.ng.
According to the president who doubles as minister of petroleum resources, the profit after tax of two hundred and eighty seven Billion naira (N287 Billion) came after years of losses.
Source: Legit.ng
