As President Muhammadu Buhari today marks the end of the first year of the second four-year term of his administration, and the fifth year of the government in office, the Presidency on Thursday claimed salutary impact in all facets of the Nigerian life, just as it released a list of the successes since he became President on May 29, 2015.
“By May 2015, insecurity had badly fractured the fabric of the nation. No one could wager that the country would survive the next month, not to talk of another year. Bombs went off like firecrackers, insurgents ran riot round the country, other forms of crime and criminality held sway. Life was nasty, brutish and short.
“Facts speak for themselves. And that is what we present at this auspicious season of the fifth anniversary of the Buhari administration. Facts are stubborn things, no matter how anybody tries to deny, distort or deride them. • More than a billion dollars of private sector investments in the production of Rice, Wheat, Sugar, Poultry, Animal Feed, Fertilizers, etc, since 2015.
• Since 2017, the DBN has disbursed a total of N100 billion through the bank’s 27 Participating Financial Institutions impacting more than 100,000 MSMEs.• Bank of Industry has disbursed more than N400 billion in loans to large, medium, small and micro enterprises since 2016. • NIPC published a Compendium of all Investment incentives in Nigeria, making it easier for existing and potential investors to have equal access to the information.o Assent by President Buhari to the Finance Bill, 2019. The Finance Act, 2019 is the first time Nigeria is accompanying the passage of a Budget with complementary fiscal and business environment reforms legislation.
• The Buhari Administration is prioritizing the payment of pension arrears owed staff of current and privatized/defunct Federal agencies:• Delta Steel Company : 3,542 pensioners have now been placed on the payroll, ending a 13-year wait for their entitlements.• Retired Biafran Police Officers : President Buhari approved the payment of the pensions, unpaid since their pardon in 2000. N571.
• The new TIN Registration system leverages on existing taxpayer data available from databases of multiple organizations like Corporate Affairs Commission , Banks through Bank Verification Number , National Identity Card Management Commission and others.
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