WHO SAYS PRESIDENT GOODLUCK JONATHANS ADMINISTRATION HAS NOT SCORED EXCELLENT IN THE DELIVERY OF DEMOCRATIC DEVIDENTS: MAJOR ECONOMIC ACHIEVEMENTS OF THE JONATHAN ADMINISTRATION The Economy MAJOR ECONOMIC ACHIEVEMENTS OF THE JONATHAN ADMINISTRATION The Economy • Improvement in Economic Indices - In October 2011 International Ratings agency, Fitch Ratings revised the country’s Outlook upwards from Negative to Stable. • Standard and Poor’s another internationally respected and independent ratings agency, revised Nigerias ratings from stable to Positive. • Signing into law the Nigerian Oil and Gas Industry Content Development Bill 2010 (Local Content Bill) which has increased Local Content in the Oil and Gas sector. • Ø As a direct result of that law Royal Dutch Shell awarded a N7.8 billion ($49.9 million) contract to a Nigerian firm, S.C.C Limited, for the manufacture of high pressure line pipes that would otherwise have been awarded to a foreign firm. • Ø As a result of this law, Exxon Mobil awarded an off shore platform contract to a local firm, NigerDockNig. PLC that would otherwise have been awarded to a foreign firm. • Initiating the Sovereign Wealth Fund (SWF). A seed capital of $1 billion was provided to kick start the fund as well as establish three sub funds- the Nigeria Infrastructure Fund; the Future Generations Fund and the Stabilization Fund which will be the pillars of the SWF. • Launched the Youth Enterprise with innovation in Nigeria (YOUWIN) initiative on the 11th October 2011 which is the administrations job creation centre piece. • Ø On Thursday April 12, 2012, 1,200 Nigerian youths emerged winners of the competition following a transparent process. Each winner receives a business start up grant of between 1 to 10 million Naira. • Foreign exchange reserves rose to $37.02bn by May 14, 2012, the highest level in 21 months. • On March 29th, 2011, The UK Government in London described Nigeria as the fourth fastest growing economy in the world. • On February 13 2012, President Goodluck Jonathan launched the Public Works Women and Youth Empowerment Programme, an intervention programme designed to employ 370,000 youths in the year 2012 with 30% of those jobs being reserved for women. • The Federal Government under President Jonathan has secured investment commitments worth 4.89 Trillion Naira. • Launched the NigComSat-1Rsatellite which will help expand Internet Bandwidth, monitor the weather and provide early warning to prevent natural disasters like floods, crop monitoring and urban planning. It has the attendant benefit of reducing the over $1 billion spent in purchasing Internet Bandwidth from abroad. • Nigeria’s banking industry rescued and stabilized by the establishment of the Asset Management Company of Nigeria (AMCON) in the year 2010. • MasterCard made Nigeria its regional headquarters for its West/East and Indian Ocean islands zone raising the profile of Nigeria’s e-commerce industry. • Nigeria’s GDP grew by a record 8.29% during the last quarter of 2010 and by over 7% in 2011. In the first quarter of 2012 Nigeria had verifiably become the fourth fastest growing economy in the world as recently attested to by several multilateral bodies and trading partners. • Revival of the Textile industry via the 150 billion Naira Textile Industry Bailout. As a result the United Nigerian Textile Limited was reactivated amongst others and 2000 employees re-engaged. • Non oil exports from 2010 (standing at $2.3 Billion) and subsequent years are ten times what they were in 2000 (which were $200 Million) as a direct result of this administration’s intervention in the Textile Industry and Real Sector. POWER SECTOR • improvement in power supply as it announced plans to raise electricity output from the current 4,300 megawatts (mw) to a record 9,000mw in “the next few months”. • A statement from the Office of the Senior Special Assistant to the President on Public Affairs, which detailed the achievements of President Goodluck Jonathan since his inauguration in May 2011, said government would attain the new output when it completed the 10 projects under the National Integrated Power Plants (NIPP). • The statement was a response to the criticism by former Federal Capital Territory Minister and chieftain of Congress for Progressive Change (CPC), Mallam Nasir el-Rufai, who accused the presidency of “seeking to outsource governance”. • It said on assumption of office, Jonathan inherited 10 abandoned projects under the NIPP and had since then revitalised the projects. • The projects, which on completion, will add additional 4960mw to the national grid are: Ihovbor in Edo State (451mw), Omotosho in Ondo State (451mw), Olorunsogo in Ogun State (750mw), Sapele in Delta State (451mw), Geregu in Kogi State (434mw), Egbema in Imo State (338mw), Gbarain in Bayelsa (225mw), Omoku in Rivers State (225mw), Calabar in Cross River State (561mw) and Alaoji in Abia State (1074mw). • “This administration met 10 abandoned NIPP projects and has successfully revitalised all. More importantly, they are all within the range of 95-100 per cent completion stage and are awaiting gas supply, which government has taken very concrete steps to address. • “Government has improved power generation from under 3,000mw in 2011 to 4,300mw by August 2012. Therefore, when the 10 NIPP projects are fully on stream, which will be within the next few months, the total national generation capacity will not be less than 9000mw, a 200 per cent increase in generating capacity as compared with the figures for 2011 and the highest ever by any administration since independence,” the Federal Government said in the statement signed by the Media Director in the office, Mr. Olusanya Awosan. • • TRANSPORTATION • On transportation, the statement said the government had rehabilitated 3,000 kilometres out of 3,505 kilometres of existing narrow gauge rail lines, while the Lagos-Kano corridor would be completed this year and that of Port Harcourt-Maiduguri corridor would be ready next year. • The statement also brandished the government’s achievements in agriculture to include elevating the living standards and income of farmers and rural dwellers through the free distribution of millions of improved seedlings including cotton, sorghum, rice and cassava. • The government, which plans to double cocoa production from its present 250,000 metric tonnes to 500,000 metric tonnes per annum by 2015, is also working assiduously to leverage on Nigeria’s status as the world’s largest producer of cassava to make it the largest exporter of the product globally. • “Besides, the government, through the public private partnership (PPP) initiative, has attracted $40 million foreign investment to rice production and milling in Taraba State,” the statement added. • The investment will produce 300,000 metric tonnes of rice, which accounts for 15 per cent of national rice imports and create 15,000 jobs. • The presidency listed infrastructure projects to be completed to include 180 kilometres of rural roads and 77 kilometres of feeder roads completed within the last 12 months as well as the establishment of 10 export crop preservation and conditioning centres in Kebbi, Kaduna, Cross River, Nasarawa, Gombe and Enugu States. • The government has also established eight agro-processing centres, completed 10 additional silo complexes with total capacity of 550,000 metric tonnes, 100,000 metric tonne capacity silos located in FCT, Borno, Zamfara and Kebbi States, as well as the 25,000-metric-ton capacity located in Taraba, Osun, Akwa Ibom, Bauchi, Katsina and Sokoto States. • On the provision of water supply, the statement said the government had completed water supply projects in Northern Ishan, Edo State with a plant capacity of nine million litres per day to serve communities of Uromi, Ubiaja, Ugengu, Ugboha and Igueben, with a total projected population of 500,000 by 2012 at a cost of N2.5 billion. • “With these few highlighted developmental efforts and activities of the government, all the fallacies, deceits, misinformation and disinformation about incompetence and non-performance of the President Goodluck Jonathan administration are unfounded not supported by facts on the ground and are therefore are outright falsehood,” the statement stressed. 1. Improved Power Supply. Seven new power plants have been constructed, and five more are under way. 2. Revitalisation Of Nigerian Railways And Major Roads. Some 90 percent of the existing narrow gauge lines are at various stages of completion. 3. Upgrade Of Existing And Building Of New Airports. Four international airports in Abuja, Kano, Lagos and Port Harcourt are being renovated. 4. Twelve New Federal Universities Established. Nine of them have already started their activities, while the other three will start operating year. 5. Freedom Of Information Bill Passed Into Law on May 28, 2011. Now all public institutions obliged to be open about their activities and expenditure, while citizens have a right to access this information. 6. Establishment Of About 120 Alamjiri Schools. Most of the created schools are located in the North. 7. AGRICULTURE: By july2014, the federal govt has assisted over 274,000 farmers with fetizers in Kebbi State, not to mention the similar or higher numbers in virtually all the Northern states, and in the agrarian areas in the south • intervention in the Textile Industry and Real Sector. POWER SECTOR • improvement in power supply as it announced plans to raise electricity output from the current 4,300 megawatts (mw) to a record 9,000mw in “the next few months”. • A statement from the Office of the Senior Special Assistant to the President on Public Affairs, which detailed the achievements of President Goodluck Jonathan since his inauguration in May 2011, said government would attain the new output when it completed the 10 projects under the National Integrated Power Plants (NIPP). • The statement was a response to the criticism by former Federal Capital Territory Minister and chieftain of Congress for Progressive Change (CPC), Mallam Nasir el-Rufai, who accused the presidency of “seeking to outsource governance”. • It said on assumption of office, Jonathan inherited 10 abandoned projects under the NIPP and had since then revitalised the projects. • The projects, which on completion, will add additional 4960mw to the national grid are: Ihovbor in Edo State (451mw), Omotosho in Ondo State (451mw), Olorunsogo in Ogun State (750mw), Sapele in Delta State (451mw), Geregu in Kogi State (434mw), Egbema in Imo State (338mw), Gbarain in Bayelsa (225mw), Omoku in Rivers State (225mw), Calabar in Cross River State (561mw) and Alaoji in Abia State (1074mw). • “This administration met 10 abandoned NIPP projects and has successfully revitalised all. More importantly, they are all within the range of 95-100 per cent completion stage and are awaiting gas supply, which government has taken very concrete steps to address. • “Government has improved power generation from under 3,000mw in 2011 to 4,300mw by August 2012. Therefore, when the 10 NIPP projects are fully on stream, which will be within the next few months, the total national generation capacity will not be less than 9000mw, a 200 per cent increase in generating capacity as compared with the figures for 2011 and the highest ever by any administration since independence,” the Federal Government said in the statement signed by the Media Director in the office, Mr. Olusanya Awosan. • • TRANSPORTATION • On transportation, the statement said the government had rehabilitated 3,000 kilometres out of 3,505 kilometres of existing narrow gauge rail lines, while the Lagos-Kano corridor would be completed this year and that of Port Harcourt-Maiduguri corridor would be ready next year. • The statement also brandished the government’s achievements in agriculture to include elevating the living standards and income of farmers and rural dwellers through the free distribution of millions of improved seedlings including cotton, sorghum, rice and cassava. • The government, which plans to double cocoa production from its present 250,000 metric tonnes to 500,000 metric tonnes per annum by 2015, is also working assiduously to leverage on Nigeria’s status as the world’s largest producer of cassava to make it the largest exporter of the product globally. • “Besides, the government, through the public private partnership (PPP) initiative, has attracted $40 million foreign investment to rice production and milling in Taraba State,” the statement added. • The investment will produce 300,000 metric tonnes of rice, which accounts for 15 per cent of national rice imports and create 15,000 jobs. • The presidency listed infrastructure projects to be completed to include 180 kilometres of rural roads and 77 kilometres of feeder roads completed within the last 12 months as well as the establishment of 10 export crop preservation and conditioning centres in Kebbi, Kaduna, Cross River, Nasarawa, Gombe and Enugu States. • The government has also established eight agro-processing centres, completed 10 additional silo complexes with total capacity of 550,000 metric tonnes, 100,000 metric tonne capacity silos located in FCT, Borno, Zamfara and Kebbi States, as well as the 25,000-metric-ton capacity located in Taraba, Osun, Akwa Ibom, Bauchi, Katsina and Sokoto States. • On the provision of water supply, the statement said the government had completed water supply projects in Northern Ishan, Edo State with a plant capacity of nine million litres per day to serve communities of Uromi, Ubiaja, Ugengu, Ugboha and Igueben, with a total projected population of 500,000 by 2012 at a cost of N2.5 billion. • “With these few highlighted developmental efforts and activities of the government, all the fallacies, deceits, misinformation and disinformation about incompetence and non-performance of the President Goodluck Jonathan administration are unfounded not supported by facts on the ground and are therefore are outright falsehood,” the statement stressed. 2. Improved Power Supply. Seven new power plants have been constructed, and five more are under way. 2. Revitalisation Of Nigerian Railways And Major Roads. Some 90 percent of the existing narrow gauge lines are at various stages of completion. 3. Upgrade Of Existing And Building Of New Airports. Four international airports in Abuja, Kano, Lagos and Port Harcourt are being renovated. 4. Twelve New Federal Universities Established. Nine of them have already started their activities, while the other three will start operating year. 5. Freedom Of Information Bill Passed Into Law on May 28, 2011. Now all public institutions obliged to be open about their activities and expenditure, while citizens have a right to access this information. 6. Establishment Of About 120 Alamjiri Schools. Most of the created schools are located in the North. 7. AGRICULTURE: By july2014, the federal govt has assisted over 274,000 farmers with fetizers in Kebbi State, not to mention the similar or higher numbers in virtually all the Northern states, and in the agrarian areas in the south
Posted on: Wed, 06 Aug 2014 00:29:09 +0000
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