₦airaland Forum

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Is04970:
Buhari is the worst president

This link disagree with you:
https://www.nairaland.com/8112882/complete-legacy-buhari-summary

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South East leads with N419.2 million in kidnap ransom payments from July 2023 to June 2024, highest nationwide – Report

The South East geopolitical zone recorded the highest ransom payments nationwide between July 2023 and June 2024, with a staggering N419.2 million paid, representing 65% of the total N645 million demanded.

This finding is highlighted in SB Morgen’s newly released report, “Grim Reaping,” which offers an in-depth analysis of kidnapping incidents, ransom demands and payments, casualties, and other critical data during the study period.

However, the report suggests that kidnapping figures from the Southeast might be underreported.

It also notes that security sources indicate sustained pressure on groups like IPOB and its splinter factions has significantly diminished their capacity to carry out such attacks.

“When comparing geopolitical zones, the Southeast stands out for paying the highest ransoms, totalling N419.2 million out of the N645 million demanded, representing a 65% collection rate—the highest across the board,” the report read in part.

It added, “There is speculation that the kidnap figures from the Southeast might be underreported. However, sources indicated that sustained pressure from security forces on criminal and separatist groups like IPOB and its rival splinter factions had reduced their capacity to carry out such attacks.”

The report further reveals that of the N419.2 million paid during the 12 months, two states Anambra (N350.2 million) and Imo (N39 million) account for the bulk of this amount

Anambra’s figures were notably inflated by a high-profile case in August 2023, where kidnappers of the popular animist Chukwudozie Nwangwu, also known as Akwa Okuko Tiwaraki, initially demanded N300 million but ultimately received N350 million, securing an additional N50 million before releasing him after six days.

South East zone ransom payments breakdown from July 2023 to June 2024
The “Grim Reaping” report offers an in-depth analysis of ransom payments across Nigeria between July 2023 and June 2024, revealing that the Southeast zone recorded the highest ransom collection rate nationwide.
The five Southeast states paid a total of N419.2 million in ransoms, which accounts for 40% of the N1.048 billion paid across the six geopolitical zones during the period under review.
Anambra State led both the region and the country in ransom payments, with N350.2 million paid out of the N400 million demanded.
Imo State ranked second, with N39 million paid to kidnappers, exceeding the original demands. Notably, in September 2023, the abduction of Retired Major General RC Duru saw kidnappers receiving $50,000 (N39 million) in exchange for his body, despite initially demanding only N10 million.
Abia State followed with N25 million paid in ransom, while Enugu State recorded N4 million.
Ebonyi State had the lowest ransom payments in the Southeast, with N1 million paid during the review period.

https://nairametrics.com/2024/09/01/south-east-leads-with-n419-2-million-in-kidnap-ransom-payments-from-july-2023-to-june-2024-highest-nationwide-report/#google_vignette

Kukutente23:
I was amazed as well when some zombies came out with that clueless lie that Buhari used crude to collect loans
I investigated and found out that it was forwards contracts they were talking about. These contracts became necessary because after Covid, a lot of economies were not as bullish as expected leading to a good amount of Nigerian crude waiting for buyers on the high sea for weeks incurring costs. It was this malady this malady that foward contracts was meant to cure. I don't know where the idea that it was loans came from.
Incidentally, it was actually Tinubu's govt that used some of our crude to get loans from Afreximbank
Zombies are really daft I tell ya

Very unfortunate how Nigerians can't research and find proofs. Recently when FG borrowed $3.3b from Afrexim Bank in exchange for 164m barrel of crude oil it wasn't hidden but nobody can show data beyond reasonable doubt that we borrowed money in exchange for crude oil. One need to understand the jargons of oil trading to understand the meaning of cash for crude, sales of crude a front among other oil market jargons.

$

SeeWahala:
It's

'Did buhari SELL . . . '

And not

'Did buhari SOLD . . . '

Quota system no go kee una from that side

Thanks for the correction.
I hope the language of subjugation and exploitation has added value to your life!

THE PROPAGANDA OF FORWARD SALE OF NIGERIA'S CRUDE OIL
A forward sale of crude oil refers to an agreement to sell a specific quantity of crude oil at a set price on a specific date in the future. This type of agreement is a common hedging strategy used by oil producers, refiners, and traders to manage price risk.
It's true that NNPCL entered into ‘cash for crude’ deals worth about $5.6 billion with some of its business partners.
For instance, NPDC, a subsidiary of the NNPC, has a capital commitment contract of $1.04 trillion with Eagle Export Financing Limited for the forward sale agreement for the delivery of crude oil.
No exchange of cash: No money changes hands until the delivery date.
Until now there is no any factual evidence that can prove the much propagated propaganda on selling of crude oil in advance. Many PR guys have been hired running from one media house to another trying to capitalise on the ignorance or laziness of Nigerians who aren't willing to ask questions or dig for facts.

Tinubu reverts to defending Naira with NNPC’s $3bn AFREXIM loan deal
For the first time in history, Nigeria to pay 11.85% on Afrexim-NNPCL $3.3bn loan, pledges 164m barrels as security.
Nigeria to pay Afrexim-NNPC $3.3bn loan with $12bn worth of oil. Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank.
Loan Amount: $3.3bn
Tenure: 5yrs
Interest: 11.87%
Principal Repayment+Interest = $12bn
Loan Broker: UBA
Loan brokers fee: 2% ($66m)
https://businessday.ng/news/article/tinubu-reverts-to-defending-naira-with-nnpcs-3bn-afrexim-loan-deal/

FORWARD SALES OF CRUDE OIL
Forward sales is standard practise in oil and gas industry. Oil or gas is not an off the shelf item, you enter into forward contracts to plan your cashflow as seller and for buyer to be assured of regular supply of products. Forward sales is different from pledging your oil income/receipt as repayment for loan.
PMB executed at least 7 forward sales agreements with the NNPC. We have 140,000 bpd + ( PMB forward sales ).
Normally, at 1.2m bpd production and 60/ 40 JV, we should get a minimum of 600k - 700k bpd. If we remove the various forward sales agreements, we may be left with 150k - 200k. This is the leftover equity value that earns us our FX.
Forward sales of crude oil play a crucial role in the global oil market, enabling participants to manage risk, secure supply, and optimize trading strategies.

Total import from Malta went from zero to N1.03 trillion in 2023, NBS data reveals
In the first quarter of 2023, Nigeria’s imports from Malta recorded a value of zero, representing 0% of the total imports for that period. This lack of imports set a stark contrast for the subsequent quarters.
By the second quarter, import from Malta was N181.55 billion, accounting for 3.17% of Nigeria’s total imports for the period (this is immediately when Tinubu was sworn in).
The upward trend continued into Q3 2023, with imports from Malta soaring to N561.37 billion, representing a 6.64% share of the total imports for the quarter, showcasing a significant increase of 209.20% when compared to the previous quarter.
However, by Q4 2023, there was a sharp decline in the value of imports from Malta. The imports dropped by 48.01% to N291.98 billion, contributing to only 2.07% of Nigeria’s total imports for the quarter.
https://nairametrics.com/2024/07/28/total-import-from-malta-went-from-zero-to-n1-03-trillion-in-2023-nbs-data-reveals/

NNPCL CABALS/MAFIAS MALTA BLENDING PLANT
When Buhari came into power he blocked NNPCL Mafias' Malta blending plant through which NNPCL & other crook marketers and Govt officials used to import dirty oil to Nigeria a year after making NNPC sole importer of crude oil.
PETROLEUM OIL IMPORTATION FROM MALTA, 2013-2023
2013: $47.5 million
2014: $59.98 million
2015: $117.01 million
2016: $13.32 million
2017 to 2022: Nil
2023: $2.08 billion
Immediately after his exit from office in the same year the mafias regrouped and we imported $2.08b oil from the controversial plant.

MALTA SAGA
When the Malta-NNPC comment was made by Dangote, there was suspicion that there is more to it. A group decided to investigate further.

Firstly, here is the breakdown of the whole Oil theft process and how Oil exporting and importing business works here in Nigeria.
NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers."
We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC and few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who are involved in oil theft.
To better understand this thread here is the brief explanation of how oil exportation and importation works in Nigeria.
Please note every point you will need them as references as the explanation of the sorted items progressed:
1. Extraction: Oil is extracted from the ground using drilling rigs.
2. Processing: The crude oil is exported (internationally) to refineries where it is processed into refined products.
3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships.
4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries.
5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy.

Now let’s link the list together; recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company.
Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset.
Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC.
Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta.
This move allows them to exploit the country's resources and obscure their activities.

In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta.
Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates.

PETROLEUM OIL IMPORTATION FROM MALTA, 2013-2023
2013: $47.5 million
2014: $59.98 million
2015: $117.01 million
2016: $13.32 million
2017 to 2022: Nil
2023: $2.08 billion

#Statisense
(Trademap)

THE PROPAGANDA OF FORWARD SALE OF NIGERIA'S CRUDE OIL
A forward sale of crude oil refers to an agreement to sell a specific quantity of crude oil at a set price on a specific date in the future. This type of agreement is a common hedging strategy used by oil producers, refiners, and traders to manage price risk.
It's true that NNPCL entered into ‘cash for crude’ deals worth about $5.6 billion with some of its business partners.
For instance, NPDC, a subsidiary of the NNPC, has a capital commitment contract of $1.04 trillion with Eagle Export Financing Limited for the forward sale agreement for the delivery of crude oil.
No exchange of cash: No money changes hands until the delivery date.

NNPCL’s about 60% stake from overall produced oil is about 800kbpd of 1.5 million production daily. If Dangote takes about 650 of 800 and pays in naira, where does NNPC get $ for its cash call obligations and for the FG?

For the first time in history under PBAT, Afrexim loan was tied to 90,000 bpd. The NNPC is about to take another $2bn loan with 50,000 bpd. PMB executed at least 7 forward sales agreements with the NNPC. We have 140,000 bpd + ( PMB forward sales ).
Normally, at 1.2m bpd production and 60/ 40 JV, we should get a minimum of 600k - 700k bpd. If we remove the various forward sales agreements, we may be left with 150k - 200k. This is the leftover equity value that earns us our fx.

Forward sales is standard practise in oil and gas industry. Oil or gas is not an off the shelf item, u enter into forward contracts to plan your cashflow as seller and for buyer to be assured of regular supply of products. Forward sales is different from pledging your oil income/receipt as repayment for loan.

Total import from Malta went from zero to N1.03 trillion in 2023, NBS data reveals
In the first quarter of 2023, Nigeria’s imports from Malta recorded a value of zero, representing 0% of the total imports for that period. This lack of imports set a stark contrast for the subsequent quarters.
By the second quarter, import from Malta was N181.55 billion, accounting for 3.17% of Nigeria’s total imports for the period (this is immediately when Tinubu was sworn in).
The upward trend continued into Q3 2023, with imports from Malta soaring to N561.37 billion, representing a 6.64% share of the total imports for the quarter, showcasing a significant increase of 209.20% when compared to the previous quarter.
However, by Q4 2023, there was a sharp decline in the value of imports from Malta. The imports dropped by 48.01% to N291.98 billion, contributing to only 2.07% of Nigeria’s total imports for the quarter.

https://nairametrics.com/2024/07/28/total-import-from-malta-went-from-zero-to-n1-03-trillion-in-2023-nbs-data-reveals/


NNPCL CABALS/MAFIAS MALTA BLENDING PLANT
When Buhari came into power he blocked NNPCL Mafias' Malta blending plant through which NNPCL & other crook marketers and Govt officials used to import dirty oil to Nigeria a year after making NNPC sole importer of crude oil.
PETROLEUM OIL IMPORTATION FROM MALTA, 2013-202[/b]3
2013: $47.5 million
2014: $59.98 million
2015: $117.01 million
2016: $13.32 million
2017 to 2022: Nil
2023: $2.08 billion
[b]Immediately after his exit from office in the same year the mafias regrouped and we imported $2.08b oil from the controversial plant.

MALTA SAGA
When the Malta-NNPC comment was made by Dangote, there was suspicion that there is more to it. A group decided to investigate further.

Firstly, here is the breakdown of the whole Oil theft process and how Oil exporting and importing business works here in Nigeria.
NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers."
We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC and few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who are involved in oil theft.
To better understand this thread here is the brief explanation of how oil exportation and importation works in Nigeria.
Please note every point you will need them as references as the explanation of the sorted items progressed:
1. Extraction: Oil is extracted from the ground using drilling rigs.
2. Processing: The crude oil is exported (internationally) to refineries where it is processed into refined products

3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships.
4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries.
5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy.

Now let’s link the list together; recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company.
Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset.
Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC.
Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta 🇲🇹.
This move allows them to exploit the country's resources and obscure their activities.

In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta.
Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates.


🇳🇬 PETROLEUM OIL IMPORTATION FROM MALTA, 2013-2023

2013: $47.5 million
2014: $59.98 million
2015: $117.01 million
2016: $13.32 million
2017 to 2022: Nil
2023: $2.08 billion

#Statisense
(Trademap)

What France did is blasphemous and a very disgracing and unacceptable act worthy of serious condemnation.

“Bayero University, Kano team won the prestigious prize of the Nigeria Higher Education Foundation (NHEF) Faculty Program, a keenly contested competition to beat University of Lagos, University of Ibadan, ABU, Zaria, University of Portharcourt and University of Nigeria, Nsukka.” - @BUK_Campus

membranus:
Watch the video, he called his name as Patrick Aziza, the former NSA under Jonathan and possibly Buhari.

ogododo:
APC na demon party, No be small

ClearFlair:
Under the same APC.

The jokers of the century are the people expecting progress from APC

Illegal Oil Deals: FG To Expose Officials Behind $69bn Loot In US Banks
The Federal Government says it has begun gathering evidence on government officials linked to the alleged looting of $69bn (N28.3tn) stashed in various bank accounts in Texas, the United States.
The firm, founded by a lawyer, Gary Riebschlager, comprises investigators, forensic accountants, bankers, and cyber experts who utilise Mutual Legal Agreements and global Financial Intelligence Units, Camden Assets Recovery Inter-Agency Network, Global Focus Point Network in Asset Recovery (Interpol), and the Stolen Asset Recovery Initiative of the World Bank told Mr Buhari, we intend to work together with the Americans in order to secure the recovery of the definite $9bn within 3-5 months they stated and to engage them to see and recover the larger part of the estimated $60bn-$80bn stolen from Nigeria during the oil boom. Also, to engage the NNPC and the CBN in the overall recovery of those funds in the United States.
It happened under past administrations before Buhari and Okoi was Former Chairman of the Special Investigation Panel for the Recovery of Public Property under Buhari Govt.
https://punchng.com/illegal-oil-deals-fg-to-expose-officials-behind-69bn-loot-in-us-banks/
https://punchng.com/illegal-oil-deals-fg-to-expose-officials-behind-69bn-loot-in-us-banks/

The truth is, Okoi was almost duped by that US firm in the name of recovering $69b because they first asked him to pay for the investigation rather than making deal on the commision if the money is recovered. We play with figure in Nigeria. The investigation seized to continue due to the fact that there was little truth about it. ₦100trillion stolen by one person says a lot about the mental health of t
Okoi just like how Gudaji Kazaure was making similar nonsensical allegations.

Treasure17:
Maybe Buhari.

He is referring to forme military governor and firmer Senate President= David Mark.
The whole allegation is outrageous and doesn't old water. How is it possible for someone to steal more than ₦100trillion?

b]A member of the House of Representatives representing Ikwuano, Umuahia North, and Umuahia South Federal Constituency of Abia State, Obi Aguocha, has visited former President Muhammadu Buhari in his Daura country home to seek his intervention in the release of Nnamdi Kanu.[/b]

Kanu who is the leader of the outlawed Indigenous People of Biafra (IPOB) has been undergoing trial over allegations bordering on terrorism and treasonable felony since 2021.
A statement by his media office said on Sunday said the purpose of Aguocha’s visit to President Buhari was to seek his intervention and elicit his support for a political dialogue and constructive engagement that could engender a resolution of the salient issues surrounding the continued detention and trial of Kanu to ensure his release.

The lawmaker during the visit, apologised on behalf of Kanu, appealing for a political dialogue to resolve the matter.

He said, “For the missteps, utterances, and ill gestures of the past, especially on the part of my constituent and brother, Mazi Nnamdi Kanu, I am deeply sorry.”

Rep Aguocha further expressed his belief that a political resolution would not only address the grievances of parties on all sides but promote greater understanding and unity within the country.

In response, former President Buhari welcomed the lawmaker and commended his humility and dedication to serving his people.
According to the statement, Buhari assured the lawmaker that he would not be opposed to any political solution for Kanu’s release.

Recall that Rep Aguocha recently led a group of 50 House of Representatives legislators across the political and ethnic divides to sign a letter appealing to President Bola Ahmed Tinubu to direct the Attorney General and Minister of Justice of the Federation, Alhaji Lateef Fegbemi (SAN) to invoke section 174(1)(c) of the 1999 constitution of the Federal Republic as amended and section 107 of the Administration of Criminal Justice Act, 2015, in setting the pathway to reaching the desired outcome.

https://dailytrust.com/nnamdi-kanu-abia-rep-visits-daura-seeks-buharis-intervention/

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The U.S. District Court for the District of Columbia in Washington, D.C, has fixed a new date to advance a motion to release or withhold President Bola Tinubu’s records by its security agencies, including the Federal Bureau of Investigation (FBI) and Central Intelligence Agency (CIA).

In 2022, anti-corruption campaigner Aaron Greenspan teamed up with Nigerian journalist David Hundeyin to submit a FOIA request for the FBI to turn over Mr Tinubu’s case files under their control, particularly his role in a narcotics-trafficking ordeal that had him forfeit $460,000 to the U.S. government in 1993.

The files were also expected to clarify decades-long controversies regarding Mr Tinubu’s background, including the name, age and gender under which he entered the United States.

Last September, the FBI granted Mr Greenspan’s request to release Mr Tinubu’s records, numbered 2500 pages, which the agency said would be released in monthly batches of 500 pages and then scheduled for October 2023.

But Mr Tinubu fiercely resisted the move as he pleaded with the court that he would be “adversely affected” should the files be in the public domain.

Mr Greenspan’s efforts to expedite the release of the FBI files before the Nigerian Supreme Court could pass a judgment on the electoral dispute challenging Mr Tinubu’s victory were unsuccessful.

Judge Beryl Howell had in November 2023 allowed Mr Tinubu to intervene and oppose his records from being released, saying he had a right to protect his interest given his claim that he would be “adversely affected.”

But on Thursday June 6, Ms Howell asked the opposing parties (Messrs Greenspan and Tinubu) to submit a joint status report latest September 3 in furtherance of the matter.

“Upon consideration of the parties’ joint status report, directing the parties to submit another joint status report by September 3, 2024, advising the court whether any disputes remain between the parties, and if so, proposing a schedule to govern further proceedings,” Ms Howell said on Thursday.

https://gazettengr.com/u-s-court-fixes-new-date-on-motion-to-release-tinubus-records-with-fbi-cia-others/

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TimeManager:
There's nothing like apprehension, it is rather the reality. Buhari himself told us that 97% of our revenue was used to service debts, monies borrowed to pay subsidy and a percentage of our crude oii was used as advanced payments while 27trillion naira ways and means borrowed from CBN. These are liabilities inherited by the current administration and while the government is paying off debts obligation, there are critical sectors that needs to keep going through debt financing. It is more important to increase the revenue base and export volume not only for the federal but also the states.

-Kiss the truth!

Do u really meant what u wrote or you are deliberately misleading your readers?

It is reported above that Financial Vanguard analysis of data from the DMO and CBN showed that in the 12 months ending May 31st (June 2023 to May 2024), also the first year of President Bola Tinubu, the FG borrowed N20.09 trillion through these instruments, representing YoY increase of 117 per cent from the N9.275 trillion borrowed in the previous 12 months, namely June 2022 to May 2023.
And here is the Borrowing details:
According to data from CBN, FG’s borrowing through NTBs rose YoY by 188% to N13.235 trillion in the 12 months ending May 2024 from N4.592 trillion in the 12 months ending May 2023.

FG’s borrowing through the monthly FGN Bond auctions, which constituted 32.8% of total domestic borrowing during the period, rose, YoY by 42% to N6.476 trillion in the 12 months ending May 2024 from N4.537 trillion in 12 months ending May 2023.

FG’s borrowing through Sukuk Bonds, which accounted for 1.7 per cent of total domestic borrowing during the period, rose, YoY by 169 per cent to N350 billion in the 12 months ending May 2024 from N130 billion in the 12 months ending May 2023.

FG’s domestic borrowing through FGN Savings Bonds accounted for 1.5 per cent of total borrowing during the period, also spiked, rising YoY by 116 per cent to N29.17 billion in the 12 months ending May 2024 from N16.07 billion in the preceding 12 months ending May 2023.

Stop misleading people, the N22trillion ways and Means which was borrowed by last administration mainly during COVID-19 doesn't have anything to do with this 12 months report of Tinubu administration.

Front0lane:
Buhari accomplished most of what you wrote but always remember he left Nigeria economy worse than he met it. That will be the albatross of his administration till eternity. Bola Tinubu is already threading same path.

Apprehension as FG borrows N20.1trn under Tinubu
The Federal Government borrows from the domestic investors through issuance of FGN Bonds, FGN Savings Bonds, and Sukuk Bonds by the Debt Management Office, DMO. In addition to these are the Nigeria Treasury Bills, NTBs, issued by the CBN on behalf of the FG.
Financial Vanguard analysis of data from the DMO and CBN showed that in the 12 months ending May 31st (June 2023 to May 2024), also the first year of President Bola Tinubu, the FG borrowed N20.09 trillion through these instruments, representing YoY increase of 117 per cent from the N9.275 trillion borrowed in the previous 12 months, namely June 2022 to May 2023.
https://www.vanguardngr.com/2024/06/apprehension-as-fg-borrows-n20-1trn-under-tinubu-2/

In 2012, former CBN Governor, Sunusi Lamido was quoted saying whoever inherit the liability of Jonathan's govt can't do anything in a panel theme "removal of fuel subsidy on whose interest"?
https://www.facebook.com/100063639303548/videos/1006309420064897/?mibextid=rS40aB7S9Ucbxw6v


Former Jonathan's finance minister, Ngozi was quoted to have said Nigeria was in the verge of entering recession in 2014.
https://www.vanguardngr.com/2012/06/okonjo-iweala-warns-of-economic-recession/


EXCLUSIVE: Okonjo-Iweala opens up, says Nigeria economy in danger
https://www.premiumtimesng.com/news/138723-exclusive-okonjo-iweala-opens-up-says-nigeria-economy-in-danger.html?tztc=1


From the above references it can be seen that just like Tinubu Buhari equally inherited economic challenges.
In my main thread I mentioned that Buhari was Challenged for borrowings but remember he borrowed most of our debt because of COVID-19 pandemic which forced almost all economic activities to shutdown and FG had to resort to printing money through ways and means to pay salaries and kept the economy affloat and we were one of the countries to have survived the effect of the pandemic.

Svoboda:
President Buhari did so well. The best president so far, infrastructure wise. All the projects Wike is boasting about in fct were started by PMBs minister and were almost completed before buharis tenure ended. No part of this country without a buhari legacy project.

Confirmed📌

CharlotteFlair:
I don't know what to believe.

But you should now mention the mods who push threads to FP. It's better late than never. Mention the mods

By simply checking my closed posts you will know who he is.

hybrid77:


Nor be the same buharu we know? Abi dem get another one?

Try and search for any of the projects that u have doubt on....

gistray:
Just Written post.

No evidence of completion of any of this project.

Why not include how he sent Nigeria astronauts to Mars and Pluto

With scope of most of those giant projectsthe funding patter, the complexity of some of the works it will take time to be completed but believe me most of those projects that aren't completei are ongoing and will be completed soon. Thanks for APC continuity.

CBN WAYS AND MEANS AND OTHER BORROWINGS UNDER BUHARI
"Ways and Means loan that FG borrowed from CBN under last administration".
Ways & Means is a CBN short term loan to FG to meet obligations during revenue shortfalls! COVID-19 pandemic, low oil prices and dip in oil production to as low as around 900k barrel per day out of the 2m barrel per day as per OPEC quota to Nigeria and Russia-Ukraine war which led to lockdown of businesses across the world and forced many businesses at standstill as black sea is the major route of world water navigation between continents which forced FG to rely heavily on the "Ways and Means loans from CBN" to finance its budget deficits to keep the country working for the people.

There are some allegations of misconduct by CBN while giving the loans to FG.

FG had to borrow from CBN to sustain economic activities and the monies received by the FG were actually used for funding of critical projects across the country, some parts of the money was given as loans or grant to states, companies and individuals.

Due to the serious shortfall in Government Revenue, the FG in order for the economy not to collapse, was compelled to borrow repeatedly from the CBN, exceeding the 5% threshold of the prior year’s revenue as stipulated by the CBN Act, 2007.”
Ways and Means balance was initially ₦19,326,745,239,660.20 as of 30th June, 2022 but later grew to ₦22,719,704,774,306.90 as of 19th December 2022 as a result of financial obligations to ongoing capital projects and additional expenditures which includes domestic debt service gaps and interest rate.

Buhari got Senate’s nod before restructuring ₦22.7trn CBN loans. See the link:
https://businessday.ng/news/article/buhari-gets-senates-nod-to-restructure-n22-7trn-cbn-loans/

As the COVID-19 pandemic continues to wreak havoc globally, central banks have opted to print money to finance government spendings — in a policy known as “helicopter money".

On March 17, 2020, the Nigerian Government inaugurated the Presidential Task Force (PTF) on COVID-19 to coordinate the country's multisectoral intergovernmental response. The PTF developed the National COVID-19 Multisectoral Pandemic Response Plan as the blueprint for implementing the response plans.
Some of the beneficiaries of the money printing and other borrowings from CBN to save the economy under the last administration include:
1. Commerical Banks
2. Farmers through NIRSAL Anchor borrowers program
3. Youth Empowerment Fund, YEF
4. Manufacturing sector through BOI
5. Suspension of electricity bill to some extent which affected DisCos and Gencos and Govt had to support NESI to continue operation during the period of the pandemic
6. State Govts got trillions of Naira grant support and loans
Not less than 31 state governments in Nigeria borrowed ₦457.17 billion to pay salaries to their respective civil servants. This borrowing was facilitated through the Salary Bailout Facility (SBF), an intervention by the Central Bank of Nigeria (CBN).
https://nairametrics.com/2024/03/24/top-10-states-that-borrowed-from-the-cbn-to-pay-salaries-in-nigeria/
7. Critical infrastructure projects with huge deficits where financed by the same ways and means and other borrowings
8. COVID-19 Stimulus program in which all registered private schools, companies among others sent the names and information of their staffs where they were paid N30k for 3 consecutive months to cushion the effects of their companies inability to pay their salaries due to the effects of COVID-19 lockdown
9. FG spent billions of Naira building thousands of COVID-19 emergency centres across the 36 states
10. FG spent billions of Naira building advanced health facilities across 6 geopolitical zones.
11. FG gave palliatives worth billions to cushion the lockdown effects.
12. FG fly back thousands of Nigerians from other places in the events of the pandemic.
13. COVID-19 Rapid Response Facility (CRF); Federal Republic of Nigeria set aside in the amount of USD $288.5m (more than ₦400b) resources under the COVID-19 Rapid Response Facility (CRF) to finance the COVID-19 Response Support Program (C19 RSP), designed as a Crisis Response Budget Support (CRBS) Operation. The program results from a request of the Federal Government of Nigeria.
14. The COVID-19 health response teams, committees set up across the Nation, feeding of patients among many other cost billions of Naira among many programs all in an effort not to allow the economy to collapse.
15. The Central Bank of Nigeria has set out a number of measures to tackle the impact of the coronavirus, including establishing a fund to support the country's economy (of 50 billion naira; i.e. EUR 121 million), targeted at households and micro and small enterprises. The interest rate has also been cut, a moratorium has been announced on principal repayments for CBN intervention facilities and tax measures are being taken.
16. Monetary Policy measures
On 16 March, the Central Bank of Nigeria announced new measures:
A 1 year extension of a moratorium on principal repayments for CBN intervention facilities;
The reduction of the interest rate on intervention loans from 9% to 5%;
Strengthening of the Loan to Deposit ratio policy (i.e. stepped up enforcement of directive to extend more credit to the private sector)
Creation of NGN50 billion target credit facility for affected households and small and medium enterprises.
Granting regulatory forbearance to banks to restructure terms of facilities in affected sectors
Improving FX supply to the CBN by directing oil companies and oil servicing companies to sell FX to the CBN rather than the Nigerian National Petroleum Corporation
Additional NGN100 billion intervention fund in healthcare loans to pharmaceutical companies and healthcare practitioners intending to expand/build capacity
Identification of few key local pharmaceutical companies that will be granted funding facilities to support the procurement of raw materials and equipment required to boost local drug production.
N1trillion in loans to boost local manufacturing and production across critical sectors.
The CBN has adopted a unified exchange rate system for Inter-Bank and parallel market rates to ease pressure on FOREX earnings as oil prices continues to plummet- Naira support subsidy.
CBN adopts the official rate of NGN360 to a dollar for International Money Transfer Operators rate to banks.
For on-lending facilities financial institutions have been directed to engage International development partners and negotiate concessions to ease the pains of the borrowers.
Provision of credit assistance for the health industry to meet the potential increase in demand for health services and products "by facilitating borrowing conditions for pharmaceutical companies, hospitals and practitioners".
Fiscal Policy

The crude oil benchmark price was also reduced from USD 57 to USD 30.
The Central Bank pledged to pump NGN 1.1 trillion (USD 3 billion) into critical sectors of the economy.
Commencement of a three month repayment moratorium for all TraderMoni, MarketMoni and FarmerMoni loans
Similar moratorium to be given to all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export-Import Bank.
17. Customs Measures
Export of mask. Some restrictions on exportation of masks have been implemented.
Other measures

Authorities are considering a wide range of COVID-19 support measures, including reductions of customs duty and customs audits but such measures are not officially announced
No changes to Customs requirements as at 31 March 2020.
Payment facilities
Extension of filing due date for Value Added Tax (VAT) from the 21st day to the last working day of the month, following the month of deduction.
18. Other measures and sources
Fiscal Policy

The Federal Government revises planned spending in the 2020 budget with an increase of about ₦0.23 trillion in expenditure and a 31% decrease in revenue.
Suspension of new electricity tariffs:

On April 1st, the Nigerian Electricity Regulatory Commission (NERC) suspended the payment of the new electricity tariffs scheduled to commence on 2 April, citing poor electricity supply, wide metering gap and the impact of the COVID-19 pandemic. The National Assembly recently postponed the effective date of the new tariff to the first quarter of 2021.
On October 11, NERC suspended the Multi Year Tariff Order (MYTO) 2020 for the Electricity Distribution Licensees for 2 weeks.
NIS payment waiver for visitors affected by travel ban.

On 16 April, Nigeria Immigration Service (NIS) announced the grant of payment waiver to visitors / migrants affected by the travel ban and the closure of international airports. Affected persons are expected to reschedule their flights and travel within a week of the suspension of the restriction.
Lagos State Government reverts annual land use charges to pre-2018 rates.
Taxpayers in Nigeria need to consider the impact of the coronavirus (COVID-19) pandemic on their businesses and in particular the expected increase in debt default rates, cancellations of contracts or “no-shows”.
19. Since the inception of the Central Bank of Nigeria’s N10.3 trillion intervention funds, the Nigerian healthcare sector has received only N141.64 billion, amounting to a mere 1% of the total disbursements. Established in March 2020, the Healthcare Sector Intervention Facility (HSIF) stands as one of the intervention programs facilitating fund distribution to healthcare firms in Nigeria.
Top 10 beneficiaries of CBN’s N138 billion healthcare sector intervention facility;
https://nairametrics.com/2024/03/24/top-10-beneficiaries-of-cbns-n138-billion-healthcare-sector-intervention-facility/

OVERVIEW OF THE RECOVERY PLAN
Recovery plan: Nigeria Economic Sustainability Plan (Bouncing Back)
Budget : ₦2.3 Trillion
Announcement: Approved by the Federal Executive Council on 24 June 2020
Main orientations: Fiscal & Monetary, Real Sector and Implementation.

General Objectives
1. Prevent business collapse and ensure liquidity
2 Use of labour intensive methods to retain or create jobs in key economic areas
3. undertake jobs that enhance growth and create infrastructural investments in roads, bridges, solar power, and communications technologies
4. Promote manufacturing and local productions at all levels and curb unnecessary demand for foreign exchange to stem the pressure on exchange rate
Protect the very poor and most vulnerable through pro-poor spending.

Key measures – Real sector

1. ₦634.98bn for the creation of 5 million jobs in the agricultural sector while boosting agricultural production and guaranteeing food security.
2. ₦317.29bn for mass housing strategy divided into two tracks. Track 1 will involves building of 300,000 homes across the country while Track 2 will leverage existing institutions to build additional 25,515 affordable homes across the country in 12 months.
3. ₦240bn to create 250,000 jobs in the energy sector while providing solar power to 5 million households by 2023.
4. ₦50bn for direct labour in National Infrastructure Projects to create jobs for youths in relevant priority sectors.
Launch of programme to create jobs in digital outsourcing.
₦90bn for the launch a national programme to promote domestic use of CNG and support the creation of 1 million jobs.
5. ₦23.4bn to support the creation of 1 million jobs through the conversion of 30 million homes from dirty fuels (kerosene, charcoal and diesel) to LPG and achieve emissions reduction in greenhouses gases while also applying LPG in other sectors such as agriculture, power generation, transport, industry and technology.
6. ₦15bn to sustain 300,000 jobs in 100,000 MSMEs by guaranteeing off-take of identified priority products.
7. ₦260bn to establish the SME Survival Fund to sustain at least 500,000 jobs in 50,000 SMEs for 3 months.
8. ₦350bn to support the creation jobs in priority sectors using BOI, NEXIM and other national development banks as fulcrums.
9. ₦60bn to create 296,000 jobs in the construction and rehabilitation of roads in the 6 geo-political zones of the country through to use of local resources.
10. ₦198.94bn to develop a robust health system with the capacity to withstand shocks.
11. ₦10.29bn to fast-track the implementation of the National Water Supply, Sanitation and Hygiene programme.
12. ₦87.06bn to Increase support to vulnerable individuals and households in the context of COVID-19.
13. ₦27bn to save existing aviation industry organisations and jobs, through a targeted stimulus package and fast track the establishment of a private sector driven national carrier.
14. ₦144.12bn for the establishment of an economically viable Science and Innovation ecosystem in Nigeria.
15. ₦2.39bn to strengthen the national capacity to manage immigration, correctional facilities and public safety post-COVID-19.
16. ₦6bn to establish a programme to organise artisanal miners and develop the mineral value-chain in 6 geo-political zones.
17. ₦15bn to fast-track the implementation of the National Digital Switch Over Programme.
Note: despite the above master plan many set objectives were achieved while others failed to materialise.

Sectors/Industries/Areas affected
Agriculture, Housing, Energy, Youth & Women Development, Technology, Infrastructure/ Construction, MSMEs, Health, Aviation, Science and Technology, Immigration, Mining, Sanitation and Utility, Security and Digital.

Key Measures – Fiscal & Monetary Sector
Mobilise resources to stimulate the economy and fund projects in the Economic Sustainability Plan.
Fiscal measures to safeguard oil revenues
Fiscal measures to mobilise and preserve non-oil revenue by maximizing government revenues and optimising expenditures
Fiscal measures to reduce non-essential spending by streamlining all government expenditure and eliminating non-essential items
Support the economy using monetary measures.
Mobilise external funding and seek debt relief.
Support financial viability of States.
Secure appropriate legislative basis for actions to achieve economic sustainability.
Sectors/Industries/Areas affected all Sectors of the Nigerian economy, Government.

Key Measures – Implementation
Establishment of clear priorities
Articulation of detailed action plans in each sector
Clarity in time-frame of projects
Stipulation of desired results and outcomes
A deliberate strategy to source materials locally
Use of private sector agents with track record of delivery or meeting project requirements
Collaboration between public and private sector to measure results
Adoption of clear accountability framework and monitoring mechanism
Active oversight by Economic Sustainability Committee

https://kpmg.com/xx/en/home/insights/2020/04/nigeria-government-and-institution-measures-in-response-to-covid.html

NOTE: While FG was spending these monies running in trillions we basically had very low income due to travel bans, many all taxes by FIRS were suspended as a result of the pandemic, oil sells stalled to some extent and Govts across the globe were forced to print monies to survive and this is part of the money in discussion.

The investigation into how the "ways and means" was spent is a welcome development and will ascertain if there are fraud somewhere.

One of the challenges which prompted the investigation is lack of transparency in the side if CBN and how Govt spent the money. For instance, NIRSAL loans is declared unrecoverable and this is suspicious. CBN must come clean by giving the actual number of beneficiaries and the reason for defaulting the loans. So, such frauds have to be uncovered!

If you could remember, Nigeria became a subject of discussion in the world on how we were able to survive COVID-19's economic and health effect. Nigeria survived the pandemic through huge loans from CBN'S ways and means, IMF credit support, Africa Development Bank and World Bank. It was never easy, the hit was huge in all countries across the globe and many are still struggling to recover from the economic hit.


Buhari government has done a tremendous job in keeping this country afloat because before the pandemic our borrowing wasn't close to this bad and remember we entered 2 recessions which were eminent as former Jonathan's finance minister, Ngozi was quoted to have said Nigeria was in the verge of entering recession in 2014.

In 2012, former CBN Governor, Sunusi Lamido was quoted saying whoever inherit the liability of Jonathan's govt can't do anything in a panel theme *"removal of fuel subsidy on whose interest"?

Printing money is valid response to coronavirus crisis
In times of emergency, particularly war, central banks have often handed freshly printed banknotes to governments. The fight against resultant inflation was postponed until after any crisis.
https://www.ft.com/content/fd1d35c4-7804-11ea-9840-1b8019d9a987

Remember, Buhari inherited $28b foreign reserve snd handedover $34b in our reserve
He inherited very low oil production as a result of the activities of Niger-Delta avengers unleashed to his administration immediately after swearing in which brought serious sabotage to the economy through huge oil theft and pipeline vandalism.

He inherited, 22 states who were unable to pay salaries or pay contractors and bailed them out.

He inherited weak defense that was frequently threatened by BH but ended up asking for dialogue.

The only debt that is bad is the loan borrowed for consumption but one can criticise Buhari as much as he likes but Buhari is unmatched when it comes to infrastructure and reinforcing of troops with encouraging armoury.

President Buhari's unparalleled record of infrastructural provision, comprising several new international airports, multiple standard-gauge railway lines, new seaport development, dozens of new dams, power stations, oil and gas infrastructure, expressways and mega-bridges, in addition to establishing Nigeria's first ever national social investment and protection programme, amongst many other feats.

BUHARICONOMICS
Under his administration Federal Inland Revenue Service (FIRS) raked in N12.37trn as revenue in 2023,, highest in agency’s history.
𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧
1. Oil sector: N3.17trn (25.6%)
2. Non-oil sector: N9.2trn (74.4%)

Below are the reports of how different sectors faired under his administration;

EDUCATION

UNIVERSITIES:
1. Nigerian Army University Biu, Borno.
2. University of Transportation, Daura
3. Federal Maritime University, Delta
Airforce University, Tafawa Balewa, Bauchi.
4. The University of Agriculture Zuru,
5. Aerospace University, FCT
6. Airforce University, Tafawa Balewa,
7. Federal University of Nutrition, Azare,
8. Federal University of Technology, Babura.
9. Federal University of Health Technology, Otukpo
10. Federal University of Technology, Ikot Abasi e.t.c

FCE:
Federal College of Edu Odugbo,
Federal College of Edu Isu,
Federal College of Edu Ekiadolor, Federal College of Edu Gidan Madi, Federal College of Edu Jama’are, Federal College of Edu Iwo,

Polytechnics:
Federal Polytechnic Shendam, Federal Polytechnic Ohodo,
Federal Polytechnic Ugep,
Federal Polytechnic Daura, Katsina state.
Federal Polytechnic Kaltungo, Gombe state
Federal Polytechnic Wannune, Benue state
Federal Polytechnic Monguno, Borno state
Federal Polytechnic Shendam,Plateau state
Federal Polytechnic Ayede, Oyo state.
Federal Polytechnic Ugep, Cross River state.
Federal Polytechnic Orogun, Delta State


Technical Colleges:
Federal Sci & Tech College Ogugu, Federal Sci & Tech College Hadeija, Federal Sci & Tech College Umuaka, Federal Sci & Tech College Igangan, Federal Sci & Tech College Ganduje, Federal Sci & Tech College Amuzu.
Federal Sci & Tech College Bauchi,
Federal Sci & Tech CollegePlateau,
Federal Sci & Tech College Sokoto,
Federal Sci & Tech College Enugu
Federal Sci & Tech College
C/River.


OTHER EDUCATION/TRAINING INSTITUTES
1. Nigerian Institute
of Transport Technology, Kano (completed)
2. New Science Complex at Gombe state University (funded by CBN)
3. World-Class Library at ABU, Zaria
4. World-Class Library at KWAPOLY, Ilorin
5. Ahmadu Bello University Business Scool, Zaria

HEALTH:
Airforce Reference Hospital, Daura
2. Naval Reference Hospital, Calabar
3. Nigerian Army Reference Hospital, Maiduguri
(ongoing)
4. NAF Base Stand Hospital Bauchi
5. Women & Children Hospital, Daura
6. Cancer Treatment Center, Abuja
7. Cancer Treatment Center, Lagos
8. Diagnostic Centers, KANO
9. Diagnostic Centers at the Federal Medical Centre, Umuahia.
9. Modern Medical Diagnostic Centre at theAhmadu Bello University Teaching Hospital (ABUTH)
In Edo State alone the following projects are built under Buhari's Administration:
1. National Orthopaedic Hospital Benin City (also approved for Jos & Jalingo)
2. National Fistula Hospital Benin City.
3. National Centre of Excellence for Sickle Cell Disease at University of Benin Teaching Hospital.
4. New Intensive care units, Oxygen plants, molecular Labs at University of Benin Teaching Hospital and Irrua Teaching Hospital.


Northeast Development Commission,


Power Generation plants:
✓Maiduguri 50MW emergency ✓Power project by NNPC,
✓Gurara Hydropower Project, ✓30MW, Kaduna State,
✓Kashimbila Hydropower Project, 40MW,
✓Dadin-Kowa Hydropower Project, 40MW, Gombe,
✓Independent Power Supply to Ariaria Market, Aba, Abia State,
✓Independent Power Supply to Sabon Gari Market, Kano State,
✓Independent Power Plant Sura Shopping Complex, Lagos,


NORTHERN OIL EXPLORATION
✓Nasarawa oil exploration
✓Bauchi oil exploration

Dams:
Kashimbila Multipurpose Dam, Multipurpose Dam Ogwashi-Uku Multipurpose Dam Adada Multipurpose Dam Sulma Multipurpose Dam Gimi Multipurpose Dam Amla-Otukpo Multipurpose Dam Amauzari Multipurpose Dam Ibiono-Ibom Multipurpose Dam Gadau/Lafia Multipurpose Dam Alajue Multipurpose Dam Kampe Omi Multipurpose Dam Kargo

Airports:
New Terminal int Airport Lagos,
New Terminal int Airport Abuja,
New Terminal int Kano
New Terminal int Port Harcourt
New Runway int Airport Abuja
New Runway int Airport Enugu
New Runway int Airport Lagos,
New Runway int Airport Kano,
New Runway int Airport Abuja


RAILWAYS, ROADS, BRIDGE & PORTS INFRASTRUCTURE:

RAILWAYS:
✓284km-Dutse-Kano-Danbatta-kazaure-Daura-KatsinKano-Maradi Rail
✓156km Lagos-Ibadan Rail
✓8.72km extent Lagos-Ibadan Rail
✓186km Abuja-Kaduna Rail Line, ✓327km Itakpe-Warri Rail
✓Kaduna-Kano Rail Line
✓Construction of a Railway Ancillary Facilities Yard, also in Agbor.
✓Construction of Train cargo assembly plant at Ogun State.
✓Completion of the E-Ticketing concession process on the Abuja-Kaduna Route in 2021,

OTHER INFRASTRUCTURE PROJECTS
1. Baro Inland Water Port
2. Ibadan Dry Port
3. Kaduna Dry Port
4. Lekki Deep Sea Port
5. Ajaokuta-Kaduna Kano (AKK) Gas Pipeline (600+km, ongoing)
6. Siemens and world Bank Power projects which have hundreds transformers being installed across the Nation for the rehabilitation, expansion and upgrading of transmission infrastructure
7. Escravos-Lagos pipeline project phase 2(36’x342km)
8. NPA-revived Eastern ports in Cross River, Rivers and Delta states
9. 15 Fertilizer Plants revived
10. Buhari Quarters (Housing Estates in every state except Lagos and Rivers states).
11. Second Niger Bridge
12. Bonny-Bodo Bridge, Rivers state
13. Loko-Oweto Bridge, Benue
14. Ibbi Bridge, Taraba state
15. Enugu-Calabar-Cameroon Highway
16. Lagos-Ibadan express way
17. Completion of NDDC headquarters after 21 years
18. Building of NCDMB skyscraper headquarters, Yenagoa
19. Building of independent power plants in Aba, Lagos Island elsewhere to provide 24/7electricity to thousands of shops.


OIL AND GAS
Tam David-West once said that PMB had one of the most-resourced oil and gas libraries he’s ever seen. It’s easy to describe that sector as one of his primary passions.

When you look at his 2015-23 legacies in that area it becomes clear, he:
—Kickstarted the $10b NLNG Train 7
—Began construction of more than $2b AKK Gas Pipeline
—Broke jink of PIA; assented to DoA
—Broke Jinx of Refinery Revamp (PH first phase)
—Started Nigeria’s Modular Refinery Revolution
—The Partnership with Morocco, to kickstart the Nigeria-Morocco Gas Pipeline, and a $1.4b multipurpose industrial platform in Akwa Ibom)
--$700m Obiafu/Obrikom/Oben (OB3) 127km gas pipeline,the OB3 is a vital piece of gas pipeline infrastructure for the supply of 2BCF (two billion standard cubic feet) per day feedstock to the AKK pipeline. This pipeline is among the biggest gas transmission systems in Nigeria which is completed March, 2024.

REFINERIES:
We rolled out our administration’s Refinery Roadmap in 2018, with the ultimate goal of making Nigeria a net exporter of petroleum products. The Roadmap has four key elements, namely, Rehabiliation of existing refineries, Greenfield Refineries, Co-location & Modular Refining.

https://twitter.com/MBuhari/status/1331234260162932737?s=1

Between 2015-2023 Modular Refining Development program of Buhari lead to the emergence of 4 modular refineries built in Nigeria:
👉Niger Delta Petroleum Resources modular refinery, Rivers state
👉OPAC modular Refinery, Delta state
👉WalterSmith Refinery Limited, Imo state
👉Edo Refinery and Petrochemical Ltd.
Dangote Refinery & BUA refineries in Akwa Ibom are born out of his administration's commitment to local content. This is coming when PHC & Warri refineries are being rehabilitated & Kaduna refinery was followed later.

PENSION/GRATUITY
When he came in several civil servants pension funds were looted , Pension of some privatized Govt agencies under Obasanjo weren't paid. He ensured;
✓ Pension Arrears payment to civil servants
✓Bailout to 27 States struggling to pay pension and contractors
✓Ex-Biafra soldiers & Policemen entitlements paid
✓Retired Police pensions paid
✓Nigeria Airways Retirees pensions settled
✓NITEL/Mtel Staff Pensions cleared
✓Delta Steel company workers' benefits were paid

SOCIAL INVESTMENT
1. N-Power for 1.5m graduates were paid ₦15b each month for the period of 5yrs.
2. School Feeding Programme for Pry 1-3 pupilsin public schools
3. TraderMoni
4. FarmerMoni
5. Modified Home-Grown Feeding programme
6. Extended Special Public Works Programme, 1000 persons from every LGA (774,000 people)
7. Survival Fund for artisans, firms and petty traders.
8. Conditional Cash transfer to millions of poorest of the poor.
9. NYEF
10. NIRSAL
11. Anchor Borrowers

FG's Survival Fund, the National Youth Investment Fund, and National Special Public Works Program (774,000 beneficiaries across 774 LGAs nationwide), and the Central Bank’s COVID-19 N300 billion Targeted Credit Facility (TCF) to support millions of small businesses, households, and young people, with federal grants, loans, and stipends. This Survival Fund has provided grants (Payroll Support, Artisan and Transport Sector grants, and General MSME grants) to more than 1.2 million beneficiaries, since the last quarter of 2020. It has also provided free business registration to 250,000 MSMEs across the country.


AGRICULTURE
His commitment in agriculture led to the proliferation of the following successes;
1. WACOT (Largest Rice Mill in Africa), Kebbi state
2. OLAM (largest Feed Mill in Africa), Kaduna state
3. Starlink (Largest exporters of cashew and cocoa)
4. SUNTI (Largest Sugar Company in Africa), Niger state
5. 200,000 Capacity Yam Storage Facility, Benue state
6. Shea-butter Production and the Fashion Industry)Oyo state
7. Nigeria used to depend on rice import but when he came in Nigeria produces more than 93% of the rice it consumes.


PUBLIC PRIVATE PARTNERSHIP
1. The $25 billion Lekki Free Trade Zone
2. The $19 billion Dangote refinery with NNPC having 20% share.
3. The $10 billion Escravos gas-to-liquids project
4. The $10 billion train 7 of the NLNG
5. The $3.2 billion Indorama fertiliser plants

Raw material exports grew 154.2% in the same period; solid minerals grew 565% and exports of manufactured goods 26.8%.

The Economic Recovery and Growth Plan (ERGP), the Federal Government’s medium-term Economic Plan, launched by President Buhari in April 2017, successfully ushered in a macroeconomic environment and helped the country to achieve food security.


MILITARY OPERATIONS:
He eliminated Shekau
He eliminated NigerDelta Avengers
He retired Nnamdi Kanu
He retired Sunday Igboho,
Operation Hadin Kai (North East)
Operation Lake Sanity (North East)
Operation Desert Sanity (North East)
Operation Hadarin Daji (North West)
Operation Safe Haven (North/Cen)
Operation Whirl Stroke (North/Cen)
Operation Delta Safe (South-South)
Operation Dakatar Da Barawo

FEDERAL HIGHWAYS ROADS
Second Niger Bridge,
Bony Bridge and Road, Rivers
Lagos- Sagamu- Ibadan Expressways
- Kano-Maiduguri Expressway
- Abuja-Kaduna-Kano Expressway
- Apapa-Oshodi-Oworonshoki Road.

HOUSING
His administration has completed housing projects in 34 States of Nigeria, under the National Housing Programme, with the support of the State Governors who provided the land. So far more than 5,000 houses are at various stages of completion

MILITARY
Under Buhari, NAF acquired THIRTY-EIGHT (38) new aircraft:
✓10 x Super Mushshak
✓5 x Mi-35M Helicopters
✓2 x Bell 412 Helicopters
✓4 x Agusta 109 Helicopters
✓2 x Mi-171E Helicopters
✓12 x A-29 Super Tucano
✓3 x JF-17 Thunder
Procured many
✓Infantry vehicles
✓Self propelled Howitzers
✓ARRV and mine sweepers
✓SH2 & SH5 Artillery platforms ✓VT-4 main battle tanks
✓Armoured fighting vehicles ✓MRAPs
✓ST Light tanks and mountain climber bikes, among billion dollars annual budget for arms and operations going on across the Nation due to persistent insecurity.

PMB PROJECTS IN KANO
Complete Project/Going Projects currently in Kano State by President Muhammadu Buhari Administration!

1. Kano-Kaduna Railway Project
2. Kano-Katsina-Maradi Railway Line
3. AKK Gas Pipeline, Ajeakouta-Kaduna-Kano
4. Kano-Katsina Road
5. Kano-Jigawa-Maiduguri Road
6. Kano Ring Road Continution
7. Kano-Kaduna-Abuja Road
8. Kano State, International Standard Prison, Janguza
9. Renovation of Aminu Kano International Airport
10. Kano State, Village Solar Plant
11. Kano State, Western by pass Ring road
12. Gwarzo-Dayi Road, Kano
13. Dala Inland Dry Port.
14. 10,000 Solar Panel Plant at Bayero University, Kano
15. Family home Darmanawa
16. National transport institution Dawakin Kudu.
17. Nigerian Navy School Dawakin Tofa.
18. Federal polytechnic college Kabo.
19. Kano, Renovation of IDH Hospital, Nassarawa Hospital, Murtala Hospital, Urology Hospital through SDGs
20. Solar Panel @ sabon gari market Kano.
21. 15,000 Hectares Agricultural Modernization in Kadawa which includes Kura, Madobi and Garun Malam Local Government Areas of Kano State.
22. 30,000 Solar Panel @ Rimin Zakara, Bichi and Wudil, Kano.
23. Federal Fire Service @ Filin Mahaha, Sharada, Kano Municipal.
24. Data Center @ Kano State Library.
25. Science and Technical Secondary School, Ganduje Village, Dawakin Tofa.


How most loans were spent under Buhari administration:
1. AKK-Pipeline, transporting gas from Delta state to Kano will be completed December, 2024 at cost $2.1b and will help revive moribund industries with estimated capacity to supply 13000MW along Abuja, Ajaokuta, Kaduna and Kano axis and across the country.
2. Abuja-Kaduna Rail line cost $973m and from recent report there is N500m revenue monthly from the e-ticketing only in that axis. So far we paid back more than $260m as far as 2021 report for this project.
3. Lagos-Ibadan railway cost $1.6b and will soon have e-ticketing deployed but still fetches N5b revenue annually by average
4. Warri-Itakp rail cost $3.9b and right now brings N6b annually in revenue before e-ticketing which will defined triple the income
5. NLG Train 7 Gas cost $7b and is expected to bring billion dollars profits in oil and gas sector
6. Recently 700MW Hydro power plants is completed and cost $1.2b
7. Buhari procured 38 brand fighter jets including 12 A29 Super Tucano which cost more than $600m in 8yrs, before his administration he had only 24 fighter jets throughout our history.
8. He procured more than 200 warships and patrol boats for Navy
9. 2nd Niger bridge cost more than N406.2b
Under Buhari FG in 8yrs is built around 9000km roads across the Nation which mostly is SUKUK funded.

Indigenes of Lagos State have vowed to reject a Bill seeking the return of Nigeria to regional government.

By Dapo Akinrefon

Speaking under the aegis of De Renaissance Patriots Foundation, the Lagos Indigenes, in a statement by its Media Office, revealed that a proposed Bill seeking approval of the National Assembly to return Nigeria to regional system is set to be considered but insisted that Lagos State people will not be part of the Western Region.

But De Renaissance Patriots Foundation, in a statement by Adelani Adeniji-Adele said: “This bill that is being proposed or suggested spells an ominous sign to us from Lagos State. It is a further attempt to subsume our aspiration into a larger group that is antithesis to whatever we believe in as indigenes of the state.

“The first most important is that vast consultations were not held on the matter to find out if being submerged into another subgroup is a thing we desire. It cannot be generally assumed.

“Generally and since Lagos and its environs became a colony, we have always maintained that we prefer a stand alone status and not be part of any Western Region or Province.

“In recent times, our various indigenous groups had always maintained that we as indigenes of Lagos had always been having a raw deal from our neighbours in the South West, who see nothing good in us as they are only for project to marginalize us and see our state as ‘spoils of war’.

“We recall that in our history of over 100 years, Lagos indigenes in their various forms, towns and villages have never made progress and development as part of any region not to talk of the Western Region. The brief balkanization of our state to be part of the Western Region was an aberration.

“Nothing should be assumed especially from the contents of this proposed bill, especially if it has the inclusion of Lagos State as part of any region. We demand a referendum to actually reflect the wishes of the people.

“We, the indigenes of Lagos State, do not wish to be part of the regional state as being proposed in the Bill returning Nigeria to regional government. Our leaders and traditional rulers opposed it in 1953 and we gained respite in 1967. We, offspring of our heroes’ past, will not accept it.

“We enjoin our representatives in the National Assembly to consult with the elders statesmen and stakeholders before taking any action on the Bill. This is beyond the ruling party and state government affairs. Lagos State cannot be brought into nothingness through the South West Region proposal by this Bill surreptitiously.
https://www.vanguardngr.com/2024/06/return-to-regionalism-we-wont-be-part-of-western-region-lagos-indigenes/