- FG list 17 major achievements of the Buhari Administration in 2017
With one day to the end of 2017, the Federal Government has listed out some of it achievements in 2017 which include: the end of recession, bumper food harvests and the Nigerian stock market being named as one of the best-performing in the world.
According to a statement released below are the 17 achievements.
1. Agriculture was one of the stars of 2017, posting consistent growth levels even throughout the recession. Also, inflation fell for ten consecutive months during 2017 (February to November).
2. The Naira stabilised against the dollar after the Central Bank introduced a new forex window for Investors and Exporters. The stability has attracted billions of dollars in portfolio investments since April 2017.
3. The Nigeria’s stock market was named one of the best-performing in the world, with a returns in excess of 40 percent.
4. Nigeria saw bumper food harvests, especially in rice, whose local production continues to rise significantly (states like Ebonyi, Kebbi, Kano leading the pack, with Ogun joining at the end of 2017). The price of a 50kg bag of rice – a staple in the country – has fallen by about 30 percent since the beginning of 2017, as local production has gone up .
5. The Federal Government launched a N701 billion Intervention Fund (‘Payment Assurance Programme’) aimed at supporting power generation companies to meet their payment obligations to gas and equipment suppliers, banks and other partners. The impact is being felt, the amount of power being distributed is now currently steady at around 4,000MW – higher than previously recorded .
6. Police officers who received Presidential pardon in 2000 after serving in the former Biafran Police during the Nigerian Civil War have been paid their pensions.
7. Nigeria rose 24 places on the World Bank’s Ease of Doing Business rankings and earned a place on the List of Top 10 Reformers in the world.
8. The forex reserves of the cluntry grew by $12 billion, reaching the highest level since 2014.
9. Nigeria successfully issued two Eurobonds (US$4.5bn), a Sukuk Bond (100 billion Naira), a Diaspora Bond (US$300m), and the first Sovereign Climate Bond in Africa, raising billions of dollars for infrastructure spending .
10. The Federal Government launched a Tax Amnesty scheme expected to raise hundreds of millions of dollars in additional revenues when it closes in March 2018.
11. The Federal Government successfully commenced implementation of a Whistleblowing Programme that has so far seen recoveries of tens of millions of dollars .
12. The Social Investment Programme – Nigeria’s most ambitious social welfare programme ever – rolled out across dozens of states. (Currently, 5.2 million primary school children in 28,249 schools in 19 states are being fed daily; 200,000 unemployed graduated enlisted into the Npower Job Scheme, and a quarter of a million loans already distributed to artisans, traders, and farmers) .
13. The number of Nigerians facing food insecurity in the northeast dropped by half, according to the Food and Agriculture Organisation (FAO) .
14. The Nigeria Customs Service recorded its highest-ever revenue collection, crossing the One Trillion Naira (N1,000,000,000) mark.
15. The Joint Admissions and Matriculations Board (JAMB), under the new management appointed by President Buhari in 2016, remitted 7.8 billion Naira to the coffers of the Federal Government.
16. 2017 was also the Year of Nigeria’s Agriculture Revolution, embodied by the successes of the Presidential Fertiliser Initiative (PFI) and the Anchor Borrowers Programme. More than a dozen moribund fertiliser blending plants were revived under the PFI this year .
17. A number of infrastructure like rails, road that will be seen in 2018 had their foundation in 2017.
10. The Federal Government launched a Tax Amnesty scheme expected to raise hundreds of millions of dollars in additional revenues when it closes in March 2018.
11. The Federal Government successfully commenced implementation of a Whistleblowing Programme that has so far seen recoveries of tens of millions of dollars .
12. The Social Investment Programme – Nigeria’s most ambitious social welfare programme ever – rolled out across dozens of states. (Currently, 5.2 million primary school children in 28,249 schools in 19 states are being fed daily; 200,000 unemployed graduated enlisted into the Npower Job Scheme, and a quarter of a million loans already distributed to artisans, traders, and farmers) .
13. The number of Nigerians facing food insecurity in the northeast dropped by half, according to the Food and Agriculture Organisation (FAO) .
14. The Nigeria Customs Service recorded its highest-ever revenue collection, crossing the One Trillion Naira (N1,000,000,000) mark.
15. The Joint Admissions and Matriculations Board (JAMB), under the new management appointed by President Buhari in 2016, remitted 7.8 billion Naira to the coffers of the Federal Government.
16. 2017 was also the Year of Nigeria’s Agriculture Revolution, embodied by the successes of the Presidential Fertiliser Initiative (PFI) and the Anchor Borrowers Programme. More than a dozen moribund fertiliser blending plants were revived under the PFI this year .
17. A number of infrastructure like rails, road that will be seen in 2018 had their foundation in 2017.
These achievements have been received by Nigerians with mixed feelings while some give kudos to FG others were of the thought that FG didn't meet up to expectations and refused to point out it woes.
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