General
Full Text of President Buhari’s New Year Address Jan 1, 2018
I join my fellow citizens this morning to welcome and celebrate the New Year 2018. This year promises to be pivotal in our quest for CHANGE.
Unfortunately, I am saddened to acknowledge that for many this Christmas and New Year holidays have been anything but merry and happy. Instead of showing love, companionship and charity, some of our compatriots chose this period to inflict severe hardship on us all by creating unnecessary fuel scarcity across the country.
The consequence was that not many could travel and the few who did had to pay exorbitant transport fares. This is unacceptable given that NNPC had taken measures to ensure availability at all depots. I am determined to get to the root of this collective blackmail of all Nigerians and ensure that whichever groups are behind this manipulated hardship will be prevented from doing so again.
Such unpatriotism will not divert the Administration from the course we have set ourselves. Our government’s watch word and policy thrust is CHANGE. We must change our way of doing things or we will stagnate and be left behind in the race to lift our people out of poverty and into prosperity.
My address to fellow Nigerians this morning is devoted mainly to informing you about the intense efforts this Administration is putting to address our country’s huge infrastructural deficit.
We are going to make significant in-roads in advancing road, rail and power projects across the country.
The Ministry of Power, Works and Housing is one of the drivers of this Government’s commitment to renew and increase Nigeria’s stock of infrastructure in order to achieve global economic competitiveness as targeted under the Economic Recovery and Growth Plan.
With regards to Railways, we have set ourselves ambitious targets. Already in construction stage is the Lagos-Kano Standard Gauge Railway.
The line should reach Ibadan from Lagos by the end of this year and will carry two million passengers per year and five million tons of cargo will be transported every year giving a substantial boost to the country’s economy.
Construction of the Kano – Kaduna segment is expected to commence this year and reach Kaduna by the end of 2019. By the end of 2021 the two ends will be joined so that we will have standard gauge railway across the main North-South trading route.
The Abuja – Kaduna route will be boosted by additional rolling stock next Thursday and will be able to handle one million commuters annually.
At the same time I have approved and negotiations will be concluded in the first part of this year for the Port Harcourt to Maiduguri line covering Aba, Owerri, Umuahia, Enugu, Awka, Abakaliki, Makurdi, Lafia, Jos, Bauchi, Gombe, Yola and Damaturu. The Abuja to Itakpe line will go through Baro and terminates in Warri with construction of a new seaport at Warri.
Negotiations are also advanced for the construction ofother railway lines, firstly from Kano to Maradi in Niger Republic passing through Kazaure, Daura, Katsina, Jibiato Maradi.
Secondly, Lagos to Calabar the “Coastal Rail” through Ore, Benin, Agbor, Asaba, Onitsha, Sapele, Ughelli, Warri, Yenagoa, Otuoke, Port Harcourt, Aba, Uyo and Calabar. In the next few years, all these Nigerian cities will be linked by functional modern rail systems, giving enormous boost to the social and economic life of our people.
With respect to the Abuja Capital Light Rail, progress has reached 98% completion, as at 64% completion when we assumed office. Only test runs remain before start of operations.
This train service will stimulate economic activities in the Federal Capital and provide residents with an efficient and safe transportation system. Twelve railway sub-stations around the capital over a 45.2 kilometre route will serve as a catalyst and a pull factor to the economy of the area. The Light Rail System will reduce traffic congestion and carbon emission in line with the Administration’s policy on climate change.
Management of the Federal Road Maintenance Agency (FERMA) has been reconstituted and has been charged with a 12 week rapid intervention in road repairs to cover all the geo-political zones. Government is undertaking repairs and maintenance of 44 roads within the the six geo-political zones.
Twenty five major highways will be funded under the N100b SUKUK facility. Each geo-political zone will benefit by an equal amount of N16.67b. The following major highways are to receive special attention:
- Oyo – Ogbomosho,
- Ofusu – Ore – Ajebandele – Shagamu,
- Yenegoa Road Junction – Kolo Otuoke – Bayelsa Palm,
- Enugu – Part Harcourt Dual Carrriage Way,
- Onitsha – Enugu Expressway,
- Kaduna Eastern Bypass,
- Dualization of Kano – Maiduguri Road,
- Dualization of Abuja – Lokoja – Benin Road,
- Dualization of Suleja – Minna Road.
In addition, Government has approved work to start on the re-construction of Abuja – Kaduna – Zaria – Kano roadwhich is in a state of disrepair. Work will soon start and is expected to be completed in 2019.
More Nigerians across the country are experiencing improved power supply to their homes and businesses. However, power remains a concern to this governmentbecause too many people still do not have regular and reliable supply.
The Payment Assurance Guarantee Scheme which started in January 2016 has enabled the Nigerian Bulk Electricity Trader to raise so far N701 billion to assure Generation Companies of at least 80% payment for any power delivered to the national grid.
Consequently, generation has now reached 7,000MW. On December 8, 2017 the country achieved 5,155MW of power delivered to consumers, the highest level ever recorded.
Several moribund projects have been revived. Repairs of Afam Power Station added 110MW in 2017 and another 240MW will be added this year through a private investment partnership.
Katsina Power Project is now being tested and producing 10MW of power from wind for the first time in Nigeria. It should be fully operational this year.
The Zungeru 700MW Hydroelectric Power Project, stalled by court cases is due for completion in 2019. The transmission and other requirements to operate the 30MW Gurara Phase 1 Hydroelectric Plant, the 40MW KashinbillaHydroelectric Plant and the 215 MW Kaduna Gas/LPG/Diesel Power Plant will also be completed this year.
A landmark project, Mambilla Hydroelectric Power Project is at last taking off. This project has been on the drawing Board for 40 years, but now the engineering, procurement and construction contract for the 3,050MW project has been agreed with a Chinese joint venture Company with a financing commitment from the government of China. Completion is targeted for 2023.
As I mentioned earlier, the Transmission Company of Nigeria can now distribute all the 7,000MW that can be generated. TCN and the Niger Delta Holding Company have added 1,950MVA of 330 down to 132KV transformer capacity of 10 transmission stations and 2,930MVA of 132 down to 33KV transformer capacity of 42 sub-stations including Ikot Ekpene, Aba, Alagbon, Ajah, Ejigbo, Funtuaand Zaria.
This Administration is working with the privatised distribution Companies to overcome the continuing challenges of distribution.
These massive public works should spearhead the recovery and lead millions back to employment. You will recall that it was not until last year that we got out of the economic recession into which the country had fallen as a consequence of past unsustainable economic policies which projected short-term illusory growth.
The government is slowly stabilizing the economy.
It was in order to change the steady and steep decline that we adopted the more sustainable policies and programmes captured in the Economic Recovery Plan. Diversification efforts have resulted in improved output particularly in agriculture and solid minerals sectors. The relative exchange rate stability has improved manufacturing sector performance.
We have got to get used to discipline and direction in economic management. The days of business as usual are numbered.
Two years ago I appealed to people to go back to the land. I am highly gratified that agriculture has picked up, contributing to the government’s effort to re-structure the economy. Rice imports will stop this year. Local rice, fresher and more nutritious will be on our dishes from nowon.
By the same token, I am today appealing to enterprising Nigerians with ideas and unemployed graduates and other able-bodied and literate men and women with ideas not to just sit and wait for employment from the government or the Organized Private Sector. Great nations are built by enterprising people who turn their hands to anything that circumstances dictate.
In respect of political developments, I have kept a close watch on the on-going debate about “Restructuring”. No human law or edifice is perfect. Whatever structure we develop must periodically be perfected according to changing circumstances and the country’s socio-economic developments. We Nigerians can be very impatient and want to improve our conditions faster than may be possible considering our resources and capabilities. When all the aggregates of nationwide opinions are considered, my firm view is that our problems are more to do with process than structure.
We tried the Parliamentary system: we jettisoned it. Now there are shrill cries for a return to the Parliamentary structure. In older democracies these systems took centuries to evolve so we cannot expect a copied system to fit neatly our purposes. We must give a long period of trial and improvement before the system we have adopted is anywhere near fit for purpose.
However, there is a strong case for a closer look at the cost of government and for the public services long used to extravagance, waste and corruption to change for the better. I assure you that government is ever receptive to ideas which will improve governance and contribute to the country’s peace and stability.
As the electioneering season approaches politicians must avoid exploiting ethnicity and religion by linking ethnicity with religion and religion with politics. Such must be avoided at all costs if we are to live in harmony.
In this respect the rest of Nigeria could learn from the South Western States who have successfully internalized religion, ethnicity and politics.
Political discourse should be conducted with civility, decorum and in a constitutional manner. We all have a collective responsibility to strengthen our democracy and entrench the rule of law. We should draw encouragement from the series of bye-elections conducted by INEC last year which were generally violence free and their outcomes adjudged to be free and fair.
Before I conclude my address I must reassure my fellow citizens that security of life and property is still top of our government’s agenda. We have since beaten Boko Haram. Isolated attacks still occur, but even the best-policed countries cannot prevent determined criminals from committing terrible acts of terror as we have seen during the past years in Europe, Asia, Middle East, elsewhere in Africa and in America.
Our government remains determined to protect all Nigerians in line with our election pledge and promises. On behalf of all Nigerians let me offer our thanks to the Armed forces, the Police, other para-military forces and traditional authorities who are working round the clock to ensure that you and I go about our normal business in reasonable safety.
Terrorism and urban crimes are world-wide phenomena and our security forces are continuously adapting their responses to changing threats.
With regard to rampant cases of kidnappings, we are taking immediate short-term measures to combat this new evil creeping into our societies. Tighter police methods and swift and severe punishment for those proved to be engaged in kidnapping are on the way.
With respect to Niger Delta, Government is still engaging responsible leadership of the Communities to help in identifying and addressing genuine grievances of the region. Our clean-up programme in collaboration with the United Nations is making satisfactory progress.
I am grateful to all the Governors and other Political &Community leaders of the Niger Delta States for their part in bringing relative peace to the areas.
Finally let me again express my heartfelt thanks to all Nigerians who prayed for me during my illness last year. I feel deeply humbled by your prayers and good wishes and I am more determined than ever to serve you to the best of my ability.
Good morning. And I wish everyone a Happy New Year.
In a significant move aimed at accelerating Nigeria’s digital economy, Egbin Power, Nigeria’s leading power generation company, has been identified as the ideal location to host the nation’s first National Data Park and Compute Infrastructure.
The Minister for Communications, Innovation and Digital Economy, Dr Bosun Tijani, made this announcement during his visit to the power Plant, where he was received by Group Managing Director, Sahara Power Group, Dr Kola Adesina and the CEO of Egbin Power, Mokhtar Bounour, among others.
The groundbreaking initiative, spearheaded by the Federal Government, aims to harness the power of reliable energy and cutting-edge technology to drive Nigeria’s digital economy forward. The collaboration between Egbin Power and the FG underscores a shared vision to enhance the nation’s technological capabilities and foster innovation in the digital sector.
Dr Tijani was given an overview of the plant and later accompanied by the management team on a tour of the facility. During the discussion, the Minister expressed confidence that Egbin Power has the right environment to host the Data Park, enabling the GenCo to play a crucial role in powering the digital economy.
He stated, “Without a digital economy, the growth we seek cannot be realized. Everything we need to truly power the digital economy exists here in Egbin Power—not only in terms of energy and water, but also in the excellence of the team that runs this facility. That is what is required to fuel the digital economy.”
The Minister highlighted the global advancement in artificial intelligence, emphasizing the need for Africa to catch up with this momentum. He stressed the importance of finding innovative ways to participate in this digital phenomenon. He further noted that Nigeria’s digital economy significantly contributes to the nation’s Gross Domestic Product (GDP), emphasizing that an efficient data centre is vital for harnessing the capabilities of AI and data processing.
Commenting on the strategic collaboration, Dr Adesina said, “There is a nexus between the digital economy and power. Reliable power enhances the functionality of the digital economy, whether in terms of the Internet of Things (IoT), Artificial Intelligence (AI), data utilization, and more.”
He expressed commitment to supporting the establishment of a National Data Park and Compute Centre and other IT infrastructure required for the digital economy. He highlighted Egbin Power’s reliable energy, available land for expansion, and a conducive environment for such digital infrastructure.
“We are here to support the idea of building the Data Park or other IT infrastructure required within the digital economy. We have reliable power, the land and the right environment needed,” he said. Adesina also noted that, since the takeover, significant investments and technological innovations have been done to revitalise the plant, while expansion plans are in the pipeline to double its capacity.
Egbin Power’s CEO, Mokhtar Bounour, reiterated the plant’s dedication to consistent power generation for the national grid in spite of the challenges inherent in the power sector. “We are open to collaborations that will drive Nigeria’s growth and success. We will continue to push boundaries to deliver reliable power to the nation, facilitating socio-economic progress and ensuring our communities and stakeholders thrive,” Bounour stated.
The Minister also toured the Bright Gyimah Innovation Centre, located within Powerfields Schools, owned by Egbin Power. The Innovation Centre serves as a facility for students to acquire skills in Information Technology (IT), Artificial Intelligence (AI), and to explore their creativity in arts, music, and culinary/hospitality fields.
By Adedapo Adesanya
More reactions continue trail the recent tariffs introduced by the administration of President Donald Trump of the United States, and the latest to add his input is the presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, who called on African nations to urgently invest in their human capital and scale up productivity.
He made this while speaking at the plenary session of the Commonwealth Enterprise and Investment Council (CWEIC) Trade and Investment Summit 2025 in London on Tuesday.
Mr Obi emphasised that Africa’s pathway to relevance and resilience in the evolving global economy lies in harnessing its youthful population and vast resources.
The former Governor of Anambra State noted that interventions by President Trump had already disrupted long-standing assumptions of global trade, with many nations adopting protective measures to safeguard their economies, lamenting that African countries have largely failed to respond proactively.
“Despite its vast opportunities, Africa’s share of global trade remains at a paltry 2-3 per cent, with its GDP share at about 3 per cent,” Mr Obi stated, adding that Africa’s GDP per capita stands at just $1,900, compared to about $9,000 in Asia per World Trade Organisation (WTO) data.
He warned that this persists even though Africa has the second-largest and most populous continent of about 1.5 billion people and the world’s largest concentration of working-age population
Mr Obi pointed out that the continent boasts abundant natural resources, including nearly a billion hectares of uncultivated arable land and over 30 per cent of the world’s mineral reserves but these remain underutilised.
“Africa holds over 60 per cent of the world’s arable land. Our food and agriculture market, currently valued at $280 billion annually, is projected to exceed $1 trillion by 2030,” he explained, adding that, “With agriculture at the core of our economic transformation, Africa can emerge as a global agricultural powerhouse and a net exporter of food.”
He lamented that leadership remains the lacking element and called for a transformative shift in governance across the continent, advocating one that embraces innovative education, healthcare investment, and poverty reduction.
“What is missing is leadership that can reorder priorities and scale up productivity so that African countries can move into higher levels of value creation,” he argued.
“We have seen promising signs in better-governed African countries. The challenge remains scaling up and sustaining this across the region,” he added.
Mr Obi urged African leaders to learn from Asia’s developmental state model, which prioritised human capital and productivity over mere institutional imports from Western economies, and called for bold, visionary leadership to steer Africa toward economic self-reliance and global competitiveness.
“Africa must rebuild its economies through leadership that focuses on rapid upgrades in productive capacities, especially in education and healthcare, to lift millions out of poverty and seize the opportunities of the new global economy,” he said.
By Adedapo Adesanya
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has tasked Mr Bashir Bayo Ojulari, the new chief executive of the Nigerian National Petroleum Company (NNPC) Limited, to rehabilitate the remaining moribund refineries and increase the country’s crude oil production.
The group in a statement said the appointment of Mr Ojulari, a former Shell engineer, is a “masterstroke” given his reputation for excellence in the oil and gas industry.
The National President of PETROAN, Mr Billy Gillis-Harry, in the statement praised the erstwhile chief executive of the NNPC, Mr Mele Kyari, for his tenure, but says the new Sheriff in town must work for the transformation of Nigeria’s oil industry.
“Engineer Ojulari brings with him decades of experience, a track record of integrity, and a reputation for delivering results. We are confident he will steer NNPCL toward innovation, accountability, and value creation.
“We thank Engr Kyari for his monumental efforts. His leadership revived the Port Harcourt and Warri refineries, which had remained dormant for years, and also helped push production figures upward. History will not forget his contributions,” Mr Gillis-Harry said.
The association also outlined its agenda for the man, which includes critical reforms to deepen investor confidence and ensure petroleum product availability for Nigerians.
“PETROAN expects the Ojulari-led NNPCL to pursue the resumption of Kaduna refinery operations and the timely completion of the second Port Harcourt refinery.
“Also, we call for improved stakeholder communication. Transparency in operations, sales, and production figures will go a long way in rebuilding public and investor trust.”
Mr Gillis-Harry called on other major industry groups to close ranks and support Mr Ojulari.
“We urge MEMAN, DAPPMAN, NUPENG, PENGASSAN, and others to work closely with him. We must support this leadership to deliver a new era for our oil and gas industry. The President made the right call. Mr Ojulari is the right man, at the right time, for the right job.”
Among the highlights of PETROAN’s expectations for the new NNPCL leadership include the creation of a business-friendly environment for investors and marketers as well as achieving crude oil production targets of 3 million barrels per day.
Others are, “Producing top-quality petroleum products that meet international standards. Stabilizing fuel prices and promoting healthy competition in the downstream sector. Ensuring transparent communication of operations and results to stakeholders.”
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