The Office of the Special Adviser to the President on Media and Publicity has released a 75-item score card to mark President Muhammadu Buhari’s first year in office.
The score card is broken into different sections. We earlier published PART 1 and PART 2: Below is the final part
ECONOMY
41. Implementation of the Treasury Single Account (TSA) has provided greater visibility of government revenues and cash flows. Between June 2015 and April 2016, the Federal Government TSA collection clocked N3trillion.
42. To further instill fiscal discipline, President Buhari directed the closure of all multiple accounts in Ministries, Departments and Agencies of government, thereby plugging loopholes for leakages with new technology.
43. The opaque accounting structure of the NNPC has been reconstructed to be more transparent with the closure of more than 40 accounts. As a corporate entity, NNPC is now accountable and more transparent in operations, publishing its monthly financial reports.
44. The President also resolved the lingering shadowy oil swap deals that had cost the country billions of dollars and left it at the mercy of a few rich Nigerians.
45. To alleviate the suffering of Nigerians in September 2015, President Buhari directed the Central Bank of Nigeria to disburse N689.5 billion as bailout to 27 states of the federation to pay salaries.
46. To stimulate the economy and reduce poverty, in April, 2016, President Buhari approved deferment in the payment of the bailout as states were still reeling under the burden of the fall in commodity prices.
47. Records of more than 34,000 ghost workers draining the nation’s resources were expunged from the Federal Civil Service, saving N2.29 billion monthly.
48. In 2015, President Buhari ruled out the appointment of a government delegation for pilgrimage to Saudi Arabia. By this decision, the government saved about one million U.S dollars and N30m of local expenses
49. Enforcement of the Bank Verification Number: Also the BVN has ensured that the menace of “ghost workers” are being identified and dealt with, while looters with multiple accounts can no longer hide their loot undetected.
50. Social Protection: Groundwork for social intervention/palliatives for the poor is being put in place as data is being collated by the economic planning office of the VP in conjunction with the World Bank.
51. Reorganization/restructuring of the Nigerian National Petroleum Corporation (NNPC) into a focused, accountable and transparent institution with autonomous Units (Upstream; Downstream, Gas & Power; Refineries; Ventures and lean Group Headquarters)
52. Reduction of operational deficits in NNPC by over 50% as at March 2016 as a result of Increased Transparency and Commercial focus
53. Conduct of NNPC outstanding Annual Audits from 2011 to 2014, and the publication of Monthly Financial and Operations Reports to ensure transparency
54. Introduction of third party financing in order to eliminate direct funding of cash calls by the Federal Government
55. Renegotiation of existing service contracts under Joint Venture and Production sharing contracts (PSC) Operations by about 30% leading to operational efficiency improvements and cost reductions
56. Elimination of the Offshore Processing Agreement (OPA) through the introduction of the Direct Sales and Direct Purchase (DSDP) scheme with reputable off-shore refineries thereby yielding annual savings of US$1 billion
57. Resuscitation of Port Harcourt, Warri and Kaduna Refineries presently producing about 7 million litres of products per/day
58. Repair of products pipe lines and the resuscitation of supply of products from Atlas Cove-Mosimi- Ibadan- Ilorin after a six year lull
59. Repairs of Escravos/ Warri and Bonny/Port Harcourt crude oil pipe lines
60. Introduction of a Price Modulation framework for downstream petroleum product pricing to encourage responsiveness to market dynamics
61. Guided deregulation of the downstream sector to allow market forces determine product price and eliminate subsidy payments
62. Introduction of the initiative on refinery co-location to increase domestic refining capacity and minimize the drain on scarce foreign exchange for product importation
63. Commenced policy reforms for gas monetization, flare out and infrastructure development, to fast track power supply and economic diversification.
POWER
64. Under President Buhari, the Federal Government agreed to a 50 million Euro (about N11.15 billion) loan agreement with French government for capacity-building and upgrade of power training facilities in Nigeria.
65. Nigeria signed a $237 million agreement with World Bank to improve power.
66. Chinese solar power manufacturers agreed with the Federal Government to set up solar panel manufacturing business in Nigeria.
67. President Buhari has signed an agreement with the Chinese government to improve Nigeria’s power infrastructure
ENVIRONMENT
68. Presidential approval for the Implementation of United Nations Environmental Programme (UNEP) report 2010 for the clean-up of Ogoniland with regards to oil pollution and inclusion of stakeholders in the process of implementation.
69. Continuation of the implementation of the Great Green Wall project to fight and contain desertification in Northern Nigeria initiated by past administration.
JUDICIARY
70. Since assumption of office, President Buhari has maintained a clear stance on the rule of law and respect for separation of powers.
71. The President has focused on the strengthening of institutions with key appointment of professionals.
72. Appointment of 30 new Federal High Court Justices
NATIONAL IMAGE
73. On assumption of office, the President undertook some foreign trips both within and outside Africa to re-establish Nigeria’s position in the global arena and solicit support for Nigeria and Africa.
74. President Buhari has continually pushed the agenda for enhancing Nigeria’s global image by always demonstrating Nigeria’s credentials in the 2015 general elections, which saw the country scoring high on peaceful transition.
75. President Buhari strongly supported the emergence of a Nigerian, Dr Akinwumi Adesina, as President of the Africa Development Bank.
