Buhari outlines achievements

President Muhammadu Buhari on Monday outlined his achievements since he resumed office for a second term two years, four months and 12 days ago.

The President listed his achievements at a mid-term two-day retreat which will end Tuesday.

Some of the achievements listed by the President are in the economy, infrastructure provision, power, petroleum industry, among others.

He said: “The 11.9km Second Niger Bridge, 120 km Lagos-Ibadan Expressway and other key projects under the Presidential Infrastructure Development Fund (PIDF) will be completed.

“Some of the notable achievements include the establishment of InfraCo Plc in 2020, as a world class infrastructure development vehicle, wholly focused on Nigeria, with combined debt and equity take-off capital of N15 trillion, to be managed by an independent infrastructure fund manager.

“The Presidential Infrastructure Development Fund was also established in 2020 with more than USD 1Billion in funding.

“In addition, we have launched the Nigeria Innovation Fund by the Nigerian Sovereign Investment Authority (NSIA). This is aimed at addressing investment opportunities in the domestic technology sector: data networking, datacenters, software, Agri-tech, Bio-tech, and more”, he said.

Furthermore, President Buhari noted that his administration had made tremendous progress on railway projects in the country, noting that upgrading of the railway network is being extended with the recent completion of the Lagos – Ibadan line.

On the economy, the President said the nation witnessed three consecutive quarters of growth, after negative growth rates recorded in the second and third quarters of 2020.

On the Power Sector, President Buhari expressed hope that the execution of critical projects through the Transmission Rehabilitation and Expansion Programme, will result in achieving the national goal of improved power supply by 2025.

On the Petroleum Industry Act signed into law on 16th August 2021, the President reiterated his directive to the Implementation Committee to complete all processes for the successful operationalisation of the Act within 12 months.

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