THE BUHARI ADMINISTRATION AT 6: COUNTING THE BLESSINGS ONE BY ONE
The Muhammadu Buhari administration clocks six years May 29, 2021. This milestone affords the opportunity to reflect, and recount the impact that has been made (and is being made) on different sectors of national life.
From infrastructure, to finance, education, healthcare, sports, anti-corruption, human development , housing, oil and gas, foreign relations, and many others, the Administration is recording giant strides, enough to make Nigerians proud. That is, those who are dispassionate and fair-minded, not beclouded by political partisanship and undue cynicism.
Some people claim: we don’t see what they are doing. We don’t hear about it. Well, here it is. A Fact Sheet, a report card on the Buhari Administration, just a bit of the successes, as the milestone of six years is attained.
As it is said, the past is but a story told. The future may yet be written in gold. When the Administration breasts the tape in another two years, by the grace of God, the applause will be resounding, even from the worst of sceptics. Facts are undeniable, and always remain so. They are stubborn things.
-Presidential approval, in 2020, for the establishment of InfraCo Plc, a world class infrastructure development vehicle, wholly focused on Nigeria, with combined debt and equity take-off capital of N15 trillion, and managed by an independent infrastructure fund manager.
– Establishment in 2020 of the Presidential Infrastructure Development Fund (PIDF), with more than $1 Billion in funding so far.
– The Nigerian Sovereign Investment Authority (NSIA) has seen total additional inflows from the Government of around US$2 billion under the Buhari Administration – since the original US$1 billion which the Fund kicked off with in 2012.
– Launch of the Nigeria Innovation Fund, by the NSIA, to address investment opportunities in the domestic technology sector: data networking, datacenters, software, Agri-tech, Bio-tech, etc.
– 156km Lagos-Ibadan Standard Gauge Rail nearing completion
– 327km Itakpe-Warri Standard Gauge Rail completed and commissioned 33 years after construction began.
– Abuja Light Rail completed in 2018.
– Ground-breaking done for construction of Kano-Maradi Standard Gauge Rail, and revamp of Port-Harcourt-Maiduguri Narrow Gauge Rail.
– Financing negotiations ongoing for Ibadan-Kano Standard Gauge Rail project
– Presidential Infrastructure Development Fund (PIDF), investing over a billion dollars in three flagship projects: Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-Kaduna-Zaria-Kano Expressway.
– Executive Order 7 mobilizing private investment into the development of key roads and bridges like Bodo-Bonny in Rivers and Apapa-Oshodi-Oworonshoki-Ojota in Lagos
– Highway Development and Management Initiative (HDMI), a public-private partnership program to mobilise, in its first Phase, over a Trillion Naira in private investment into the development and maintenance of 12 Roads, amounting to 1,963km in length.
– More than 360 billion Naira worth of Sukuk Bonds raised since 2017 for dozens of critical road projects across all six geopolitical zones.
– Completion of New Terminals for International Airports in Lagos, Abuja, Kano and Port Harcourt
– Construction of New Runway for Abuja and Enugu International Airports
– Presidential approval for four International Airports as Special Economic Zones: Lagos, Kano, Abuja and Port Harcourt.
– Approval for new private-sector funded deep sea ports: Lekki Deep Sea Port (Construction already well underway, for completion in 2022); Bonny Deep Sea Port (Ground-breaking done in March 2021); Ibom Deep Sea Port; and Warri Deep Sea Port
– Development of capacity at the Eastern Ports:
o In December 2017, Calabar Port commenced export of bulk cement to Tema Port in Ghana
o In 2019, three container ships berthed at Calabar Port, for the first time in eleven years
o Dredging of Warri Port (Escravos Bar—Warri Port channel) completed in 2018
o On October 30, 2019, an LPG Tanker operated by NLNG, berthed in Port Harcourt – the first time ever an LPG ship berthed in any of the Eastern Ports
o On December 8, 2019, Onne Port received JPO VOLANS (owned by Maersk), the FIRST gearless and largest container vessel (265.07 metres) to call at any Eastern Port in Nigeria.
o On August 1, 2019, Onne Port’s Brawal Terminal received MSC GRACE, its first container vessel since 2012.
Energizing Education Programme: Taking clean and reliable energy (Solar and Gas) to Federal Universities and Teaching Hospitals across the country. Four Universities completed and commissioned already: BUK (Kano), FUNAI (Ebonyi), ATBU (Bauchi) and FUPRE (Delta); others ongoing.
Energizing Economies Programme: Taking clean and reliable energy (Solar and Gas) to markets across the country. Completed projects include Sabon-Gari Market in Kano, Ariaria Market in Aba, and Sura Shopping Complex in Lagos.
National Mass Metering Programme: Nationwide rollout of electricity meters to all on-grid consumers, launched in August 2020. The Central Bank of Nigeria is providing 60 billion Naira for the first phase, with a target of 1 million meter installations. So far more than 500,000 meters have been delivered to the Discos, and more than 280,000 installed.
Solar Power Naija: Launched in April 2021 to deliver 5 million off-grid solar connections to Nigerian households. The program is expected to generate an additional N7 billion increase in tax revenues per annum and $10 million in annual import substitution. In May 2021, the Rural Electrification Agency announced the planned deployment of solar-powered grids to 200 Primary Health Centres (PHC) and 104 Unity Schools nationwide.
Presidential Power Initiative (PPI), aka Siemens Power Program: A Government-to-Government initiative involving the Governments of Nigeria and Germany, and Siemens AG of Germany, to upgrade and modernize Nigeria’s electricity grid. Contract for the pre-engineering phase of the Presidential Power Initiative (PPI) was signed in February 2021, following the 2020 approval for the payment of FGN’s counterpart funding for that phase.
Nigeria Electrification Project (NEP) has provided grants for the deployment of 200,000 Solar Home Systems, impacting one million Nigerians. The NEP is also delivering mini-grids across the country.
– The Family Homes Fund Limited (FHFL), incorporated by the Federal Government of Nigeria in September 2016, is the implementing agency for the Buhari Administration’s National Social Housing scheme.
– More than two thousand (2,000) hectares of land with titled documents have been given by 24 States for the Buhari administration’s Social Housing programme, with the capacity to accommodate about 65,000 new homes.
– Under the National Social Housing programme, Nigerians will be given at least a 15-year period with a monthly payment at 6 percent interest rate, to pay for each housing unit. The Central Bank of Nigeria is providing a N200 Billion financing facility, with a guarantee by the FGN.
OIL AND GAS
The Buhari Administration has declared this decade the “Decade of Gas.”
– Ground-breaking on 614km Ajaokuta-Kaduna-Kano Gas Project.
– Successful completion of Nigeria’s first Marginal Field Bid Round in almost 20 years, expected to raise in excess of half a billion dollars, and open up a new vista of investment in oil and gas.
– Launch of National LPG Expansion Programme (including Removal of VAT from the domestic pricing of LPG)
– Financial close and signing of contract for NLNG Train 7, which will grow Nigeria’s production capacity by about 35%
– Nigeria and Morocco have in 2021 signed an agreement to develop a US$1.4 billion multipurpose industrial platform (Ammonia and Di-Ammonium Phosphate production plants) that will utilize Nigerian gas and Moroccan phosphate to produce 750,000 tons of ammonia and 1 million tons of phosphate fertilizers annually by 2025. It will be located in Ikot-Abasi, Akwa-Ibom State.
– Commissioning, in December 2020, of the new NPDC Integrated Gas Handling Facility in Edo State, the largest onshore LPG plant in the country, with a processing capacity of 100 million standard cubic feet of gas daily, producing 330 tonnes of LPG, 345 tonnes of propane and 2,600 barrels of condensate, daily.
– Establishment of a $350m Nigerian Content Intervention Fund, to finance manufacturing, contracts and assets in the oil and gas industry
– Financial Close on the following NNPC-involved projects:
o A 10,000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant, in Odeama, Brass, Bayelsa State.
o The ANOH gas processing plant, with a processing capacity of 300 million standard cubic feet of gas, in Imo State. It is a Joint Venture between Seplat Petroleum Development Company and the Nigerian Gas Company, a wholly owned subsidiary of Nigerian National Petroleum Corporation (NNPC). It also has the potential to deliver 1,200MW of power when completed.
o Comprehensive Rehabilitation of the Port Harcourt Refinery (PHRC). Sign-off Ceremony of Engineering, Procurement & Construction (EPC) Contract held in April 2021, marking the commencement of site handover and full mobilization to site.
– Policy, Regulatory and Funding Support for the establishment of Modular Refineries across the Niger Delta. When the Administration took office in 2015 Nigeria had only one functioning Modular Refinery. Today there are at least six ongoing brownfield and greenfield Modular Refinery Projects across the Niger Delta. In 2020 President Buhari commissioned the first phase of the Waltersmith Modular Refinery, in Imo State.
– Launch of the Nigerian Upstream Cost Optimization Programme (NUCOP), to reduce operating expenses through process enhancement and industry collaboration.