₦airaland Forum

Secretary to the Government of the Federation (SGF), George Akume has released 20 nuggets on how President Bola Tinubu intended to transform Nigeria.

He said Tinubu came prepared and came with a plan, saying that he knew what to do and he is doing it.

BELOW ARE THE NUGGETS:

Nugget 1:* As a Government, we have heard your cries about fuel price increases, and be rest assured, we are working round the clock to normalize and bring solutions that ease the pain. Our job is to give you the quality of life you deserve when you wake up. So far, we are on course.

Nugget 2:* To this end, we are already working out modalities to ensure market forces normalize pricing while we drive policies that better your lives and boost your earning power.
We have a clear economic restoration plan, so I urge you to trust the process. #EconomicRestoration*

Nugget 3:* We need your understanding, cooperation and buy-in to properly harness our energy sector potential to fuel economic growth.
Because we intend to diversify our economy to improve your living conditions, we cannot continue to operate as we always did in the past.

Nugget 4:* At a mere 7%, Nigeria’s Revenue to GDP ratio (when we took over) was among the five lowest in the world.

To reset this bleak reality, we must diversify our economy and address our perennial oil and gas challenges, else we will just be moving round and round in circles.

Nugget 5:* We needed a strong man to take charge and give direction. We have a course now.
The President is determined to restore, grow, and sustain our oil production levels to deliver economic growth as our *#RenewedHope Agenda envisioned.* Despite a few challenges, we are on course

Nugget 6:* It’s very easy to ignore the fact that $70b worth of investments have been lost in the Oil sector since 2011. Insecurity has bedeviled us, with over $46b lost to crude oil theft between 2010 and 2020. These were issues no one was bold enough to address- till Asiwaju.

Nugget 7:* For this regressive subsidy regime, just ended, know that annual subsidy payments due to inefficiencies in the oil and gas value chain stood at a colossal $11b. It was not sustainable and someone had to act.
The President was decisive in doing so & he told us from day one.

Nugget 8:* For our first 100 days in office, we had already decided to unify exchange rates, deregulate PMS pricing, and move to end insecurity in our oil-producing states by rejigging our entire security architecture.
We’re taking strong measures to secure our nation’s future.

Nugget 9:* After this, by the end of 2024, we are targeting minimum daily production of 1.8mb/d of crude & 3.5bcfg, up from present levels.
We’re ambitious and committed to sanitizing the oil sector and turning around our economy., building on the success of the PMB administration.

Nugget 10:* Our wider plan for the Oil & Gas Sector involves building 7 core development pillars to spur growth in the industry while driving industrialization and transiting to a Green Economy by 2060. @offcialabat is building a sustainable future for us & our children yet unborn.

Nugget 11: First Pillar is to conserve our revenues and drive development.
We already decided to eliminate the ₦8 trillion/yr payments in PMS subsidies and use that money to drive social investments, spur real sector and build infrastructure in our cities and rural areas.

Nugget 12: Secondly, we intend to monetize our national oil assets by offering our stake in these assets to private investors. This will mean we have more revenues to drive growth and development in Nigeria.
This is when our comatose refineries and @NNPC will take center stage.

Nugget 13: We will restore lost revenues by boosting oil production to 2.5mmb/d and 5bcf/d for export & domestic use while ensuring we run @Nigerialng at full capacity. We’re working towards building a more prosperous Nigeria and repositioning ourselves as a global energy giant.

Nugget 14: After we shore up revenues, we will grow production & export capacity to 4mb/d & 12bcf/d for domestic use and export by 2030.
We will boost our power generation capacity to 25-30GW of output simultaneously, adding 12GW of stranded Gas-fired power. #PowerGeneration

Nugget 15: Next will be the Industrialization phase- the 6th pillar, where we will set about diversifying revenue sources & boosting job creation.

We will begin converting our Oil & Gas output into industrial products, feedstocks, & aggregate demanded in industrial clusters.

Nugget 16: We’ll prioritize export-oriented projects to improve bankability and drive growth, to create a strong economy that benefits us all, increasing the earning power of Nigerians such that issues like fuel availability or the price no longer occupy national discourse

Nugget 17: Our transition to a Green Economy will reduce Carbon emissions and incorporate Carbon Capture, Usage & storage (CCuS), and utilization in LNG projects to drive energy efficiency.
We’re committed to a sustainable future. #GreenEconomy* #SustainableFuture

Nugget 18: The judiciary/legislature will lead the anti-corruption fight to ensure this is done, while freedom of information, security, and right of association will be enshrined in this dispensation.
Together, we’ll create a better Nigeria. #BetterNigeria #StrongInstitutions

Nugget 19: This is the Asiwaju Plan for Nigeria, as envisioned in our #RenewedHope Agenda. Deregulation is only the first part of this process/plan. Other health, education, agriculture, infrastructure, and more measures will come on stream soon. #HolisticSolution #NigeriaISBack

Nugget 20: As we go about our lawful businesses this weekend, let us all mull over this message & pass it across to our neighbours, family & friends.

I am a listening public servant, so please drop your observations & suggestions here- I am reading.
Have a great weekend ahead !!!

Resolutions made today at the National Economic Council:

1. Negotiate a new minimum wage for workers.

2. Each state should plan towards implementing a cash transfer programme based on the social register of the state.

3. Cash Award Policy for public servants for 6 months.

4. State Governments to pay public servants outstanding liabilities.

5. Govt should begin to fund MSME with single digit interest rates.

6. Immediate implementation of the energy transition plan which means transiting from fossil fuels vehicles to CNG.

coretechng1:
Fuel is #620 today....Sun is still free today...this decision is a no brainer....I do heavy solar system...free consultation on 08023122331

can you send ur prices??

Good evening nairalander, I am in a dilemma at the moment to choose between a 3kva generator vs TV system solar, pls advise on which is better?

Threaten them that you are going to report the matter with envidence to federal competition and consumer protection commission FCCPC immediately and watch how they will clear your dashboard at the drop of a hat

obembet:
My dear Nairalanders, kindly save me from this loan Marchant. I was deceived by Thier agent.

Please ignore my typing errors.

According to Otijah

I have been borrowing from this app for sometime now until I decided to stop due to the one week duration they do give and the high interest rate during this interval

After 2days an agent of them chatted me up and told me about the increment in my loan to 50k and and extended duration of 1 month, I told him if its not what he said then I will wait he said no problem. He even said I should carry him along while doing it.

I went to the app clicked on it and saw 55k to pay 66k and after I did it I received an alert of 38k in my account instead of the 55k and a one week duration at that to pay 66k.

I chatted that agent to tell him about the outcome but he ignored me, I called him up he refused to answer, I told him I want to refund the money because I don't need it, as I did tell him initially yet he was ignoring me.

After three days I contacted another agent of theirs and told him about the incident he later gave me an account number to refund the principal, which I did immediately

Fast forward to one week later these people started threatening the hell of my life that I must pay those interest, that is non of their business. One even openly told me that they are trained to Deceive their customers and tell them lies do at to attract them.

Even till today am still receiving threatening messages from them

please I need an appropriate place to channel this. thanks

CHIOMAEZEH:
If you had some money... You could have rented a house close to your organisation... Like kabusa village. Transportation will be cheaper for you. I think you might see a one room where you will be paying monthly.... But still ask for a pay rise

nice advice I wish the op will take this advice

fergieboy:
Renewed shege

Until una allow Igbo man to rule

This country will never get better

you guys are going nut. Igbo will never rule Nigeria. Go and write this down

amibeya:
Nice one

how much

Very brilliant. He gave his inugural speech without reading from a handout