Ahead of Democracy Day on May 29 this year, the presidency has published a document reeling out President Muhammadu Buhari’s achievements during his three years in power.

Buhari was elected under the platform of All Progressives Congress (APC), defeating then incumbent President Goodluck Jonathan of the Peoples Democratic Party (PDP).

He was sworn into office on May 29, 2015.

In his inaugural speech, the president stated that his administration will focus on the economy, fight against corruption, and provision of security.

The document reads:

Economy
The presidency says the Nigerian economy is back and is on the path of growth after the recession of 2016-17.

It said the Buhari administration’s priority sectors of agriculture and solid minerals maintained consistent growth throughout the recession.

It said inflation has fallen for the fifteenth consecutive month while the nation’s external reserves are at their highest levels in five years, currently double the size of October 2016.

“The new FX Window introduced by the CBN in April 2017 now sees an average of $1 billion in weekly turnover, and has attracted about 45 billion dollars in inflows in its first year, signalling rising investor confidence in Nigeria

“Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent,” it said.

It also said five million new taxpayers were added to the tax base since 2016, as part of efforts to diversify government revenue.

Also, tax revenue increased to N1.17 trillion in the first quarter 2018, a 51 per cent increase on the first quarter 2017 figure.

The government said N 12.7 trillion was spent on infrastructure in the 2016 and 2017 budgets, “an unprecedented allocation in Nigeria’s recent history.”

Other economic achievements, stated by the presidency, include the revitalisation of 14 moribund blending plants under the Presidential Fertilizer Initiative, and the tripling of revenue to the Federation Account from solid minerals.

It said the revenue tripled from N700 million in 2015 to N2 billion in 2016, and again rose to N3.5 billion in 2017.

The presidency also said its Economic Recovery and Growth Plan (ERGP), which was launched by Mr Buhari in April 2017, has stabilised the macroeconomic environment; achieved agricultural and food security and has also ensured energy efficiency especially in power and petroleum products.

It also said the ERGP has improved transportation infrastructure and industrialisation primarily through the Small and Medium Enterprises (SMEs).

“To fast-track the implementation of the ERGP, the federal government launched the ERGP Focus Labs, as a targeted 6-week intervention (March to April 2018) to unlock medium-scale and large-scale investment projects held back by bureaucratic bottlenecks.

“The just-concluded Phase 1 of the ERGP Focus Labs identified projects worth about $10 billion for fast-tracking, and the bottlenecks holding them back are now being resolved,” the government said.

In the area of monetary, fiscal and trade policies, the document stated that the APC administration created a new Foreign Exchange window for investors and exporters in April 2017 which has helped stabilise the market and increase appetite for Nigerian stocks by foreign portfolio investors.

“The new Window has attracted inflows of more than $45 billion in its first year of operation,” it said.

In the area of debt management, the document reveals that government adopted a strategy that seeks to achieve its goal by replacing Treasury Bills borrowing with lower-cost, longer-term external financing (via Eurobonds and Concessional Loans from China)

“The Buhari Administration inherited N12.1 trillion in debt, with N5.4 trillion annual servicing cost, and had reduced the debt service on this inherited debt to N3.9 trillion by 2016,” it said.

Under the Bond Issuance programme, the government said $7.3 billion was issued in Eurobond in 2017/18, to fund the 2017 Budget as well as to refinance maturing treasury bills and lower the cost of borrowing for the government.

“This debt refinancing strategy is paying off as treasury bill rates have dropped from 16-18% to 10-12% over the last year.

“The oversubscription of our recent Eurobond (the first issuance in 2017 saw orders in excess of US$7.8 billion compared to a pre-issuance target of US$1bn) demonstrates strong market appetite for Nigeria, and shows confidence by the international investment community in Nigeria’s economic reform agenda,” the government said.

Other debt related issues raised in the document include Nigeria’s first Sovereign Sukuk Bond which raised N100 billion used to fund 25 major road projects across the country.

There was also Nigeria’s first ever Diaspora-targeted Eurobond that raised $300 million used to fund part of the 2017 Budget and Africa’s first Sovereign Green Bond Programme that raised N10.69 billion used to fund infrastructure projects that tackle climate change.

https://www.gistmanor.com/news/read-the-document-presidency-released-detailing-buharis-achievements-in-three-years/

TRASH!!!!!... YOU'VE FAILED WOEFULLY!!

Sir you have done a great job buhari till 2023.

Yet Nigerians can't afford what they could afford three years ago.

How many people were slaughtered in 3 years? And yet no suspect punished or killed. The government has been playing deaf and dumb about that one.

If a government cannot protect the lives of all, its a failed government.

What about the issue of Insecurity and Fulani herdsmen trying to carry out ethnic cleansing? Hope you mentioned it as one of your achievements?

2019 ain't far away though...

The achievement cannot be eradicated unlike in the past where ineffectual buffoon kangaroo achievement that were eradicated within 3month.

Achievement ko chiefo ni


Bloody bastards.

when its clear buhari has failed woefully!

buhariguy:
Good

Very bad...

How would you like to buy fuel at 85, bag of good rice at 12K, economy booming as people build more houses with trickle down gains by artisans welders, bricklayers, etc...despite the fake corruption claims? How would you feel if those 3500 lives wasted by terrorist herdsmen are still there...?

Buhari would still win though if he is available to contest. Not because he has done well but due to the useless political and regional permutation, where the SE believes it is their turn after Buhari. Voting for another northerner would see the SE postpone their turn for another 4 years...making the north rule for 12 years.

Everybody go get your PVC....








Buhari till 2023,
APC till 2055.

Never again will we let those demonic looters PDP gain power again.

Never again!

Cooly100:


Very bad...

How would you like to buy fuel at 85, bag of good rice at 12K, economy booming as people build more houses with trickle down gains by artisans welders, bricklayers, etc...despite the fake corruption claims? How would you feel if those 3500 lives wasted by terrorist herdsmen are still there...?

Buhari would still win though if he is available to contest. Not because he has done well but due to the useless political and regional permutation, where the SE believes it is their turn after Buhari. Voting for another northerner would see the SE postpone their turn for another 4 years...making the north rule for 12 years.

You people have refused to have sense.

In 2013 and 2104 the so called terrorist herdsmen killed more people than they have killed since 2015.

Guess who was in power then?

Goodluck Jonathan.

You people must have sense by force because APC will be in power for another 30 years.

tesppidd:
You people have refused to have sense.

In 2013 and 2104 the so called terrorist herdsmen killed more people than they have killed since 2015.

Guess who was in power then?

Goodluck Jonathan.

You people must have sense by force because APC will be in power for another 30 years.

Senseless liar. There have never been deaths in Nigeria as we have now than during the civil war.

PDP said the same thing about ruling Nigeria forever...

I am not a party person...

Oops!
One achievement is missing!

There is higher number of killings and blood letting in the last 3 years than ever in Nigerian history.
Only Biafran war years come closer.

Trash!


https://www.youtube.com/watch?v=ETRwrbJZySE

Bad belle is allowed

Did they remember to include

Nepotism
Fulani herdsmen
Boko Haram
Insecurity
Corruption




Well, if they forgot....

Only killings, propaganda and lies are some of their achievements.
They should be ready for 2019.

Lol..clowns, let me help them out.

Buhari achivement so far. The change he promised and the fulfilling

Nigeria among countries with highest poverty rate.

Killing of helpless Nigerians by his kinsmen and his special treatment to them.

International and national embarrassment, reducing Nigeria to nothing both home and abroad.

High rate of unemployment and corruption.


Electriciry 0, Education 0 but then, what do you expect from a herdsman.

Playing politics with the lives of the citizens, Leah comes to mind.

Youths escaping by all means because of the intense hardship and ending up slaves or dead in another country.

Increase in crime and fraudulent activities.

I spit on you all failures.

Cooly100:


Senseless liar. There have never been deaths in Nigeria as we have now than during the civil war.

PDP said the same thing about ruling Nigeria forever...

I am not a party person...

in 2013 and 2014 about 800 people where killed by the so called herdsmen, more than this administration.

in 1999 over 2000 people where killed during the kaduna sharia riots.

you are just a child who should research more.

you're ignorant and choose to swallow blanket statements forced down your throat by your pdp masters.

and yes;


Buhari is not Jonathan,

APC will preside for 40 years.

children of hate ll always hate
the useless party known as PDP wud av run this country aground,thank God for given us Buhari.
Buhari till 2023 haters can use d transformer

uba1991:
children of hate ll always hate
the useless party known as PDP wud av run this country aground,thank God for given us Buhari.
Buhari till 2023 haters can use d transformer

You mean transmission, transmission.....

The country is not being run aground but the citizens in droves are!

GistManor:

Ahead of Democracy Day on May 29 this year, the presidency has published a document reeling out President Muhammadu Buhari’s achievements during his three years in power.

Buhari was elected under the platform of All Progressives Congress (APC), defeating then incumbent President Goodluck Jonathan of the Peoples Democratic Party (PDP).

He was sworn into office on May 29, 2015.

In his inaugural speech, the president stated that his administration will focus on the economy, fight against corruption, and provision of security.

The document reads:

Economy
The presidency says the Nigerian economy is back and is on the path of growth after the recession of 2016-17.

It said the Buhari administration’s priority sectors of agriculture and solid minerals maintained consistent growth throughout the recession.

It said inflation has fallen for the fifteenth consecutive month while the nation’s external reserves are at their highest levels in five years, currently double the size of October 2016.

“The new FX Window introduced by the CBN in April 2017 now sees an average of $1 billion in weekly turnover, and has attracted about 45 billion dollars in inflows in its first year, signalling rising investor confidence in Nigeria

“Nigeria’s Stock Market ended 2017 as one of the best-performing in the world, with returns of about 40 percent,” it said.

It also said five million new taxpayers were added to the tax base since 2016, as part of efforts to diversify government revenue.

Also, tax revenue increased to N1.17 trillion in the first quarter 2018, a 51 per cent increase on the first quarter 2017 figure.

The government said N 12.7 trillion was spent on infrastructure in the 2016 and 2017 budgets, “an unprecedented allocation in Nigeria’s recent history.”

Other economic achievements, stated by the presidency, include the revitalisation of 14 moribund blending plants under the Presidential Fertilizer Initiative, and the tripling of revenue to the Federation Account from solid minerals.

It said the revenue tripled from N700 million in 2015 to N2 billion in 2016, and again rose to N3.5 billion in 2017.

The presidency also said its Economic Recovery and Growth Plan (ERGP), which was launched by Mr Buhari in April 2017, has stabilised the macroeconomic environment; achieved agricultural and food security and has also ensured energy efficiency especially in power and petroleum products.

It also said the ERGP has improved transportation infrastructure and industrialisation primarily through the Small and Medium Enterprises (SMEs).

“To fast-track the implementation of the ERGP, the federal government launched the ERGP Focus Labs, as a targeted 6-week intervention (March to April 2018) to unlock medium-scale and large-scale investment projects held back by bureaucratic bottlenecks.

“The just-concluded Phase 1 of the ERGP Focus Labs identified projects worth about $10 billion for fast-tracking, and the bottlenecks holding them back are now being resolved,” the government said.

In the area of monetary, fiscal and trade policies, the document stated that the APC administration created a new Foreign Exchange window for investors and exporters in April 2017 which has helped stabilise the market and increase appetite for Nigerian stocks by foreign portfolio investors.

“The new Window has attracted inflows of more than $45 billion in its first year of operation,” it said.

In the area of debt management, the document reveals that government adopted a strategy that seeks to achieve its goal by replacing Treasury Bills borrowing with lower-cost, longer-term external financing (via Eurobonds and Concessional Loans from China)

“The Buhari Administration inherited N12.1 trillion in debt, with N5.4 trillion annual servicing cost, and had reduced the debt service on this inherited debt to N3.9 trillion by 2016,” it said.

Under the Bond Issuance programme, the government said $7.3 billion was issued in Eurobond in 2017/18, to fund the 2017 Budget as well as to refinance maturing treasury bills and lower the cost of borrowing for the government.


“This debt refinancing strategy is paying off as treasury bill rates have dropped from 16-18% to 10-12% over the last year.

“The oversubscription of our recent Eurobond (the first issuance in 2017 saw orders in excess of US$7.8 billion compared to a pre-issuance target of US$1bn) demonstrates strong market appetite for Nigeria, and shows confidence by the international investment community in Nigeria’s economic reform agenda,” the government said.

Other debt related issues raised in the document include Nigeria’s first Sovereign Sukuk Bond which raised N100 billion used to fund 25 major road projects across the country.

There was also Nigeria’s first ever Diaspora-targeted Eurobond that raised $300 million used to fund part of the 2017 Budget and Africa’s first Sovereign Green Bond Programme that raised N10.69 billion used to fund infrastructure projects that tackle climate change.

Click HERE to Read the full document detailing Buhari’s Achievements in Infrastructure, Power Sector etc https://www.gistmanor.com/news/read-the-document-presidency-released-detailing-buharis-achievements-in-three-years/

Support To State Governments
The Buhari administration also said it has extended more than N1.9 trillion to state governments, to enable them meet their salary and pension obligations, especially in the face of dwindling oil revenues over the last two years.

The support, it said, has come in the form of Budget Support Facility (Total of N606.55 billion extended to the states as of May 2018; in exchange for reforms in budgeting, IGR, debt management, overheads, etc.)

Others are Paris Club refunds, infrastructure loans as well as loan restructuring for facilities with commercial banks.

Other economic related achievements include the Anchor Borrowers Scheme of the Central Bank of Nigeria which, it said, has substantially raised local production of rice in 2016.

It said yields from rice farming improved from 2-3 tonnes per hectare to as high as 5 – 6 tonnes per hectare.

The programme, it said, has also produced a model agricultural collaboration between Lagos and Kebbi States.

“Over N300 billion investments in the rice value chain. Between 2016 and 2018, eight new rice mills have come on-stream; and Nigeria’s paddy production and productivity has doubled compared to 2014 levels

“Nigeria’s milled rice production has increased from 2.5MT to about 4MT, and rice exports from Thailand to Nigeria dropped from 1.23 million MT in 2014 to 23,192 MT as of November 2017,” the document said.

The administration said it has launched a series of funding and capacity development initiatives designed to support small and medium businesses (MSMEs) across the country.

It said the new Development Bank of Nigeria (DBN) has finally taken off, with initial funding of $1.3bn (provided by the World Bank, German Development Bank, the African Development Bank and Agence Française de Development) to provide medium and long-term loans to MSMEs.

The DBN, it said, has already disbursed N5 billion to 20,000 MSMEs, through three microfinance banks.

The government said its Ease of Doing Business reform programme through the Presidential Enabling Business Environment Council (inaugurated by Mr Buhari in August 2016) and the Enabling Business Environment Secretariat (EBES) resulted in Nigeria moving up 24 places on the World Bank’s Ease of Doing Business rankings in 2017, and earning a place on the List of 10 Most Improved Economies.

“The Buhari administration has, since 2017, issued three Executive Orders that positively impact Nigeria’s small business environment,

“They include the Executive Order on Improving Efficiency in the Business Environment, Executive Order on Promoting Local Procurement by Government Agencies and Executive Order on planning and execution of projects, promotion of Nigerian content in contracts and science, engineering and technology.”

The government also said it is “doing more with less” resources.

It said N1.219 trillion was released for capital expenditure in the 2016 budget, and N1.476 trillion so far in the 2017 budget, making a total of N2.7 trillion (about $9 billion) in two years.

“This investment has enabled the resumption of work on several stalled projects — road, rail and power projects — across the country,” it said.

The government said even at a time of low oil prices, Nigeria’s external reserves have doubled since October 2016, from $24 billion to $48 billion.

It said the Sovereign Wealth Fund has seen inflows of $500 million in 2016 and 2017 (the first inflows since the original US$1 billion which the fund kicked off with in 2012).

Click HERE to Read the full document detailing Buhari’s Achievements in Infrastructure, Power Sector etc https://www.gistmanor.com/news/read-the-document-presidency-released-detailing-buharis-achievements-in-three-years/

Cooly100:


Very bad...

How would you like to buy fuel at 85, bag of good rice at 12K, economy booming as people build more houses with trickle down gains by artisans welders, bricklayers, etc...despite the fake corruption claims? How would you feel if those 3500 lives wasted by terrorist herdsmen are still there...?

Buhari would still win though if he is available to contest. Not because he has done well but due to the useless political and regional permutation, where the SE believes it is their turn after Buhari. Voting for another northerner would see the SE postpone their turn for another 4 years...making the north rule for 12 years.

let buhari finish his 8yr and he should just go back to daura.
And let the young Igbo guy to continue from what buhari has achieved so far,

Or do you want us back to when all the ministrys, department and agency were having 20 Account each.

Nobody can deep hand inside TSA and use it personally

only progressives will accept this

tesppidd:
in 2013 and 2014 about 800 people where killed by the so called herdsmen, more than this administration.

in 1999 over 2000 people where killed during the kaduna sharia riots.

you are just a child who should research more.

you're ignorant and choose to swallow blanket statements forced down your throat by your pdp masters.

and yes;


Buhari is not Jonathan,

APC will preside for 40 years.

The number is not as much as 3,500 that have been killed in 2 years of Buhari administration.

APC can rule you forever...Remember PDP siad the same thing...

Cooly100:


The number is not as much as 3,500 that have been killed in 2 years of Buhari administration.

APC can rule you forever...Remember PDP siad the same thing...

See how you're calling 3500

As if it's your monthly salary that you are calling



Besides I only gave the number of those that died as a result of herdemen clashes not others causes

So prove that 3500 people have died.

Prove it, not brandishing PDP figures upandan.


NB

Boko haram alone killed over 20 thousand Nigerians under Jonathan's hairy nostrils.

Joke of the century.

interesting wat of herdsmen killing ain't you goin to include dat. Mace stole from national Assembly

10 FIGHTER JETS to kill Nigerians who oppose him.

buhariguy:
let buhari finish his 8yr and he should just go back to daura.
And let the young Igbo guy to continue from what buhari has achieved so far,

Or do you want us back to when all the ministrys, department and agency were having 20 Account each.

Nobody can deep hand inside TSA and use it personally

......Yet JOHESU is still on strike!