This Railway project is close to President Buhari’s heart, says Ag. President Osinbajo

Being remarks by His Excellency, Acting President Yemi Osinbajo, SAN, at the Ground-breaking ceremony of Segment II of the Lagos-Kano Railway Modernization Project, in Ebute-Meta, Lagos on March 7, 2017

Protocols:
I am extremely pleased and honoured to be here this morning for the ground breaking ceremony of the Lagos-Ibadan section of the Lagos -Kano standard gauge railway project.

This is an epochal moment in our national life in many ways. 

First, it signals the determination of our President & Commander-in- Chief, President Muhammadu Buhari to modernize the national rail system in keeping with his promise to the Nigerian people. If there is a project close to the heart of the president, it is the rail project which he promised the nation upon assumption of office. The President himself made a visit to China, and reopened the negotiations on the Chinese support for this project. 

Second, this ceremony also marks the commencement of our plan to move speedily to improve links between Lagos which is the national economic nerve center and major port to other state capitals and towns across the country. 

Thirdly, our ground breaking today reflects the plans of the Federal Government to build a globally competitive economy with first grade infrastructure. The critical role of infrastructure, and for these purpose railways, in this strategy is underscored by our Economic Recovery and Growth Plan, as well as the 2016 and 2017 budgets. We have made provisions for matching funds in the 2016 budget to complement the concessionary loans taken from the People’s Republic of China, and our appreciation goes to the Chinese Government and the Chinese Exim Bank, who are, and have always proved to be reliable partners to Nigeria. 

And some may be aware that we have the entire Lagos-Kano standard gauge track as well as the Lagos-Calabar railway track in the 2017 budget, negotiations on the Kaduna-Kano portion of the track is now completed and this phase is next in line.  

We have already provided our portion for funding Lagos-Calabar rail as well and we expect that negotiations on the foreign component of the funding will be finalized in the next three months and that the Lagos-Calabar project as well will come on stream. 

An active and vibrant railway system confers many benefits on the society and our ultimate goal is to restore a railway-using culture for both commercial and personal transportation. We are confident that the national rail project will create up to half a million jobs and facilitate the movement of over 3.2 million tonnes of cargo per annum. 

It will also reduce the burden on national highways, thus reducing the deterioration of the road network and increasing the lifespan of our roads. Indeed by helping to reduce freight cost, the railway network will support efforts to diversify the economy and enhance our export potential.  

Just as several of our cities are being known as railway towns in the past, we expect a boost to economic activities along the railway lines that will eventually cut across the entire country. To achieve this objectives, the Federal Ministry of Transportation has completed visibility studies for up to 13 routes which has been identified for connecting state capitals and major commercials centers to the rail network. We should begin to see significant activities in this regard very shortly.  

It is important however to have viable self-sustaining and self-improving railway service. It should be one that is not reliant on government funding which may not  be available at all times. It should be one that could be upgraded and improved over time and not left to decay due to management issues or lack of attention. This is why the Federal Government supports the replacement of the 1955 Railway Act with a legal framework that opens railway projects in the country  for greater private sector participation. In this way, we expect to ensure the resources and management to run efficient modern and reliable train services.  

Let me conclude by acknowledging the vigorous and energetic efforts of the Honourable Minister, and his team in the Ministry of Transportation to get us to this point. The Honourable Minister of Finance also deserves to be commended for the efficient and competent handling of financial negotiations.  

But I think it bears repeating: that Rotimi Ameachi’s bulldozing approach to ensure that we are here today on this first day of construction so quickly!  

I am confident that we will see the same zeal and result in project executions so that the construction of the railway lines will be completed on schedule. Just for emphasis, as a reminder to our excellent partners and manufacturers CCECC, we are looking forward to a fast and efficient train service between Lagos and Ibadan within the projected time frame, which is on or before December 2018. 

In a moment, I will be inviting you to join me in this historic ground breaking of the Lagos-Ibadan portion of the Lagos-Kano rail project. 

Thank you for your kind attention.

Released by
Laolu Akande
Senior Special Assistant on Media & Publicity to the President
Office of the Vice President
March 7, 2017

Government will give attention to poultry business in the country – AG. President, Prof. Yemi Osinbajo

Poultry business will be given necessary government attention so as to maximise the potentials of the industry, according to the Acting President, Prof. Yemi Osinbajo SAN

Speaking with a delegation of Poultry Association of Nigeria which paid him a courtesy visit today in his office, the Acting President wondered why poultry business seemed to have been ignored even as agriculture is resurgent. He acknowledged the need to address some of the challenges facing the industry, because it is a significant contributor to the country’s economy

During his own remarks, the National President of the Association, Dr. Ayoola Oduntan informed the Acting President that poultry business is a trillion naira industry which has the potential to create jobs and provide economic empowerment to Nigerians.

He appealed for government intervention amongst other issues in ensuring compensation for poultry farmers affected by the avian influenza, reduction of production high cost and urged that foreign exchange be made available for machinery and critical inputs of the industry, which he noted has a 90% local content.

‘Laolu Akande
Senior Special Assistant on Media & Publicity to the President
Office of the Vice President
16th February, 2017

President Buhari’s New Year message to Nigerians

My dear Compatriots,

I am happy to welcome you to the beginning of a New Year in our beloved country Nigeria.

I felicitate with you today at a time when our nation is witnessing a new and impressive turnaround in our security and socio-economic situation.

I know you will join me to, once again, congratulate the heroic and gallant efforts of our military and other security agencies on their remarkable successes to rid the nation of terrorism.

Following the successful capture of Sambisa Forest, spearheaded by troops of Operation Lafiya Dole, we have entered a new phase in our battle against our common enemy, Boko Haram.

When we see our beloved 21 Chibok girls reuniting with their families and community for Christmas, it gives us the hope that those who are still in captivity will one day return to the loving arms of family, friends and well-wishers.

I urge all Nigerians to be on the alert and watch out for strange figures settling in their communities, and report to the nearest security agencies, as our armed forces intensify the pursuit of fleeing terrorists from the captured Sambisa Forest.

Misguided elements who decided to take up arms against constituted authorities must be brought to face the full weight of the law.

The support of all Nigerians to security agencies to enable them successfully execute their mandate is crucial in our bid to effectively secure our country.

Seeing the joyful return of thousands of Internally Displaced Persons (IDPs) to Damasak town in Borno State, following the reopening of Maiduguri/Gubio/Damasak road in Northern Borno on December 25, 2016, reassured us that the voluntary return of IDPs in other parts of the country is imminent.

The Federal Government will spare no effort in seeing to the resettlement and rehabilitation of the unfortunate victims of terrorism and insurgency. I urge state governments, privileged Nigerians, donor agencies and countries to redouble their contributions towards this goal.

Government is aware of some mistakes and wrongdoings in handling the affairs of IDPs. We are taking measures to correct those mistakes and punish the culprits.

In this New Year, I want to reassure all Nigerians that our defence and security forces are more than ever before ready to perform their constitutional role of protecting lives and property in the country; and we will surely overcome all other forms of security challenges.

The lingering security issues in several states will be frontally addressed. These ugly crises cannot be allowed to fester as they strain the unifying bonds of brotherhood and neighbourliness. Some sections of the press and some politicians should avoid provocative and inflammatory statements, while the government is painstakingly trying to find solutions to our challenges.

I want to remind you on the first day of this New Year of an African proverb that says “it is easy to break a broomstick but not a bunch”. Nigeria is a bunch and is more than equal to troublemakers.

I have interacted with a broad spectrum of Nigerians, the old and the young, and they have told me unequivocally that they believe in the unity and stability of Nigeria.

The year 2017 provides an opportunity for us to build on those aspects of our national life that unite us. We are courageous, hardworking, hospitable, steadfast and resilient people, even in the face of difficulties.

These are the attributes that define us and have for years confounded the pessimists who do not believe in our continued existence as a united and indivisible nation. We are a remarkable nation that has succeeded in harnessing our multiple diversities for national development. We must continue to support and tolerate one another and live together as one.

We will continue to pursue peace initiatives in the Niger Delta as I again, call on our brothers in that region who have taken to violent disruptions of economic infrastructure to come to the negotiating table.

As for our brothers and sisters of the Shia Community, we urge them, too, to embrace peace. They must accept the laws of the country they live in. They cannot be islands by themselves. At the same time, the law enforcement agencies must treat them humanely and according to the rule of law.

On our part, in the past 20 months since our inauguration on May 29, 2015, we have focused our energies to turn around the economy, create jobs, fight corruption, and transform agriculture to replace oil and gas as a major revenue earner for the nation. I am encouraged that we are getting things right.

The agricultural revolution has begun. Farmers in different parts of the country are experiencing bumper harvests; states are getting into strategic partnership towards attaining self-sufficiency in rice, and the era of over-dependence on oil for foreign exchange revenues is gradually waning. I am optimistic that the CHANGE we all yearned for in voting this administration to power in 2015 will manifest more and be sustained in different sectors, particularly agriculture, in 2017.

As you may be aware, our economic recovery and growth plan in 2017 is anchored on optimizing the use of local content and empowering local businesses.

In pursuit of this administration’s philosophy, we will continue to appeal that we buy “Made In Nigeria” goods. Like I said during the 2017 Budget presentation to the National Assembly, farmers, small and medium-sized manufacturers, agro-allied businesses, dressmakers, entertainers and technology start-ups, will remain the true drivers of our economic future. They are the engine of our economic recovery and their needs underpin our Economic Recovery and Growth Plan.

On job creation, this administration will sustain existing programmes aimed at lifting a vast number of our youth out of poverty, while at the same time creating the opportunities for people to fend for themselves.

Our determination to wrestle corruption to the ground remains unshaken. This fight, which will be guided by respect for the rule of law and due process, will not spare anybody or organ of government. It is a collective undertaking and resolve that must be seen to its logical conclusion in spite of certain distractions. The fate of our country lies partly in the success of this campaign. It will be unthinkable on my part to allow the boat of this crucial campaign promise capsize mid-stream.

I thank you for the public support for our administration’s efforts to transform Nigeria. I assure you again that the current pains are temporary and will ease when the economic seeds in gestation begin to bloom to fruition. I urge you to continue to support this administration in its effort to transform Nigeria for the good of all.

I wish you a Happy New Year, 2017.

MUHAMMADU BUHARI

President, Federal Republic of Nigeria.

Nigerian youths can energize the whole nation – VP Osinbajo

Sept 2 is Aso Villa demo day to promote Technology & Innovation in Nigeria, buhari administration wants to ensure equal opportunities for more young people

Next month a group of 30 young Nigerians with vibrant technology-based ideas and innovations would be welcomed to Aso Rock, reflective of the Buhari administration’s appreciation of the enormous creativity among Nigerian youths.

Making the disclosure today, Vice President Yemi Osinbajo, SAN also said the Buhari administration is aware that inspite of the advances in education and technology, inequality of access and opportunities still exists which the presidency wants to redress.

Speaking today while receiving the United Nations Special Envoy on Youth, Mr. Ahmad Alhendawi, at the Presidential Villa, Abuja, Vice President Osinbajo eulogized Nigerian youth as being “very creative and are every where trying to make space for themselves.”

He announced that on September 2, the much talked about Aso Villa Demo Day would hold, hosting 30 young Nigerians who will pitch their innovative ideas at the Presidential Villa to a presidential audience including venture capitalists, investors and decision makers  in the ICT industry among other influential business groups and interests.

While disclosing that the 30 most innovative and talented young people where picked out of the several thousands of young Nigerians who participated in a competitive selection process, Prof. Osinbajo stated  ”we are looking at a new generation of people who have the vision, who have a different way of thinking” and whose “energy and creativity,” will benefit the nation.

(Meanwhile, ahead of the Demo Day, a 2-day boot camp will hold for the selected 30 young Nigerians at the Ventures Platform Hub, Abuja from August 31 to September 1.)

“The youth enthusiasm in this country, their can-do spirit, their sheer force can energise the whole nation,” according to the Vice President who added that he wont be surprised if more young people end up in top and key elected positions in the country.

However, he observed that inequality still exists on a global scale as there are still many who dont have access to education and don’t even know about the advances in technology.

“Huge gaps and disparities still exist. So our concern is about creating more equality, more opportunity in education, to level the playing field so that more young people can get a clear chance in life,” he stated.

Expressing concern about the humanitarian situation in the North-East, he said “the military is gradually winding down its activities and all that we have now is a humanitarian condition that have challenged particularly everything we have.”

He called for more concerted efforts from the international community in adddressing the humanitairn situation together with the Nigerian government, stressing that “insurgency is a major problem especially violent extremism and the consequences of it are so grave.”

Earlier, the UN Special Envoy, Mr. Ahmed Alhendawi expressed his appreciation for the warm welcome for him and his delegation being his first visit to the country.  He said he was in the country to discuss with the UN Country Representatives on youth programs and advocated for a coordinated national youth policy pledging the support of the UN system in that regard. The envoy was joined for the visit by UN Country representatives from UNDP, UNFPA, UNICEF, ILO among others

Laolu Akande

Senior Special Assistant (Media and Publicity)

In the Office of the Vice President.

August 23, 2016

RIO Olympics: President Buhari sends special message to Team Nigeria

As the 2016 Olympic Games opens in  Rio De Janeiro, President Muhammadu Buhari has expressed optimism that the country’s team will put up an impressive showing to delight fellow countrymen.

 In a message to the Nigerian Olympic contingent on Friday, President Buhari said he hoped that the victory of Nigeria’s Under 23 football team, the “Dream Team Six” over their Japanese opponents in the early hours of this day will serve as an inspiration to the entire contingent of the grand show Nigerians expect from our athletes.

 “On behalf of the government and people of our great country, I wish to express my support to our athletes who have arrived in Rio for the 2016 Olympic Games. I am particularly delighted by the outcome of the football match early this morning in which our football team defeated their Japanese counterparts.

“The sweetness of the victory comes from the fact that it came against all odds.  Our team overcame several challenges to put up a sterling performance. This is a good beginning.”

 President Buhari also praised the resilience, hardwork and patriotism that the athletes have put into their preparations;

“I am already aware that you have made personal sacrifices in your journey to the Olympic Games. The motivation comes from strong discipline and the love of the nation.”

 ”As you embark on the search for honours for the nation, I seize this opportunity to assure our Olympians that you have my support and those of all Nigerians.

“Go! Win and return with laurels, I wish you the best,” the President added.

GARBA SHEHU

Senior Special Assistant to the President

Media & Publicity

August 5, 2016

The fuel pricing debate: our story- V.P Osinbajo

Fellow Citizens:

I have read the various observations about the fuel pricing regime and the attendant issues generated. All certainly have strong points.

The most important issue of course is how to shield the poor from the worst effects of the policy.  I will hopefully address that in another note.

Permit me an explanation of the policy. First, the real issue  is not a removal of subsidy. At $40 a barrel there isn’t much of a subsidy to remove.

In any event, the President is probably one of the most convinced pro-subsidy advocates.

What happened is as follows: our local consumption of fuel is almost entirely imported. The NNPC exchanges crude from its joint venture share to provide about 50% of local fuel consumption. The remaining 50% is imported by major and independent marketers.

These marketers up until three months ago sourced their foreign exchange from the Central Bank of Nigeria at the official rate. However, since late last year, independent marketers have brought in little or no fuel because they have been unable to get foreign exchange from the CBN. The CBN simply did not have enough. (In April, oil earnings dipped to $550 million. The amount required for fuel importation alone is about $225million!) .

Meanwhile, NNPC tried to cover the 50% shortfall by dedicating more export crude for domestic consumption. Besides the short term depletion of the Federation Account, which is where the FG and States are paid from, and further cash-call debts pilling up, NNPC also lacked the capacity to distribute 100% of local consumption around the country. Previously, they were responsible for only about 50%. (Partly the reason for the lingering scarcity).

We realised that we were left with only one option. This was to allow independent marketers and any Nigerian entity to source their own foreign exchange and import fuel. We expect that foreign exchange will be sourced at an average of about N285 to the dollar, (current interbank rate). They would then be restricted to selling at a price between N135 and N145 per litre.

We expect that with competition, more private refineries, and NNPC refineries working at full capacity, prices will drop considerably. Our target is that by Q4 2018 we should be producing 70% of our fuel needs locally. At the moment even if all the refineries are working optimally they will produce just about 40% of our domestic fuel needs.

You will notice that I have not mentioned other details of the PPRA cost template. I wanted to focus on the cost component largely responsible for the substantial rise, namely foreign exchange. This is therefore not a subsidy removal issue but a foreign exchange problem, in the face of dwindling earnings.

Thank you all.

Vice President Yemi Osinbajo, SAN
May 13, 2016