Buhari have set the pace for Nigeria’s Prosperous Future

By Ejike Okeke

27th September, 2022

Without any atom of bias and anger because of the economic situation of Nigeria which is not a surprise to students of economics because Nigeria have been mismanaged for over 50years and one should expect economic meltdown.

Recall that Goodluck Jonathan before leaving office in 2915 Borrowed over 400billion to pay salaries. The inability of the goodluck administration to pay salaries plus other inefficiencies prompted Rev. Father Mbaka to release a talk – From Goodluck to bad luck. In a similar way, the Naira depreciated from 140 to over 190 to the Dollar signalling weak economy, even though the PDP government enjoyed oil boom at over 100 Dollars per Barrel, with crude oil production of 2.2m barrels per day.

In 2015 Buhari took over and Niger Delta Avengers crushed oil production to 700,000 barrels per day, various agitations followed and Boko Haram supported by ISWAP and bandits grounded the economic activities. These ills were followed by a global fall in oil prices to 27 Dollars per barrel from over 100 Dollars per barrel during the PDP era. You can imagine the effect of poor production and fall in oil prices on an economy that depends solely on oil.

The PDP government had before 2015 sold all Nigerian assets ranging from productive industries to Service providing industries without any investment in Technology, Health, Agriculture Education and other industries to create jobs for the teaming population of Nigerians.

Buhari didn’t sale any Nigerian Asset, neither did he closed down a functional industry. In fact, there was nothing to sale because everything have been sold in auction and proceeds stolen by the PDP government.

Despite the huge disadvantages of inheriting dead economy, buhari surprisingly set the pace for Nigeria’s prosperous future –

In Youths Empowerment, the Npower was introduced and it is very transparent that the poor can access it without bribing any government official. Different grants were given with ease and transparent access to the youths in both urban and rural areas.

In Agriculture, there are strong attention to production of rice and other agro products and the dependent of Nigerians on foreign rice was crushed completely. Some fertilizer plants have been revitalized and they are functional. There are increase production of birds, fishes etc in Nigeria now than before.

In Electric Power infrastructure – for the first time credible attention and implementations was done by engaging Siemens company, a German company that built Egyptian power sector within 4years. The contract was awarded in 2019 and the first phase of the power transformers expected to arrive Nigeria before the end of 2022. Interestingly, they have arrived. When fully implemented, Nigeria will generate over 40,000 Megawatts as against about 4,500 Megawatts currently been generated. There is also concentration on dams.

On roads, there is more aggressive road construction within the last 7years more than the 16 years of PDP. The 2nd Niger Bridge is a dream come through.

On Railways, Buhari have set the pace for the return of rail transport in Nigeria and people in some parts of the country are presently enjoying rail transportation.

In the Aviation industry, airports are being remodeled and the Nigeria air is set to return to the airways courtesy of the Buhari administration.

In oil Production, one of the refineries in porthacourt is set to commence production and the Dangote refinery is almost completed signalling end to importation of refined oil products and as well the end of the dubious oil subsidy.

In the fight against corruption/Insecurities, the Bihari administration had implemented the Single Treasury account for government Ministries, Agencies and departments, The Bank Verification Number was implemented, the National identity Number was implemented. The Nigerian government for the first time will fight insurgents with drones and also fighting them with super Tucano jets acquired recently that had ensured recent victories by the Nigerian security agencies over the insurgents.

Recall that Nigeria outside fall in oil prices survived two pandemic that crushed even developed nations and brought them to their knees. More Crimes are now easily detected in government agencies and departments and those involved exposed while they are in office unlike before when they steal till they retire freely

Buhari indeed have set the pace in the sectors mentioned above and Nigeria is set for greatness.

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