HIS EXCELLENCY
MUHAMMADU BUHARI
PRESIDENT OF THE FEDERAL
REPUBLIC OF NIGERIA
ON THE OCCASION OF THE 59TH
INDEPENDENCE ANNIVERSARY
ON 1st OCTOBER, 2019
Dear Compatriots, 1st
October each year is an opportunity for us to reflect and thank God for his
endless blessings on our country.
2. It is also a time for us, collectively,
to:
3. Remember the sacrifices made by our
Founders and great leaders past; by soldiers, by distinguished public servants;
by traditional leaders, by our workers —- sacrifices on which Nigeria has been
built over the 59 years since Independence in 1960;
4. Rededicate ourselves to attaining the
goals which we have set for ourselves: a united, prosperous and purposeful
nation in the face of 21st century opportunities and challenges.
5.
In the past four years, the majority of Nigerians have committed to
Change for the Better. Indeed, this Administration was re-elected by Nigerians
on a mandate to deliver positive and enduring Change – through maintaining our
National Security; restoring sustainable and inclusive Economic Growth and
Development; and fighting Corruption against all internal and external
threats.
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6. This Change can only be delivered if we
are united in purpose, as individuals and as a nation. We must all remain
committed to achieving this positive and enduring Change. As I stated four
years ago, “Change does not just happen… We must change our lawless habits, our
attitude to public office and public trust… simply put, to bring about change, we
must change ourselves by being law-abiding citizens.”
SECURITY:
7. Good Governance and Economic Development
cannot be sustained without an enabling environment of peace and security. In
the last four years, we have combatted the terrorist scourge of Boko Haram. We
owe a debt of gratitude to our gallant men and women in arms, through whose
efforts we have been able to achieve the present results. We are also grateful
to our neighbours and allies – within the region and across the world – who have
supported us on this front.
8. The capacity of our armed forces to
defend our territorial integrity continues to be enhanced by the acquisition of
military hardware as well as continued improvements in the working conditions
of our service men and women.
9. The Ministry of Police Affairs has been
resuscitated to oversee the development and implementation of strategies to
enhance internal security. My recent assent to the Nigerian Police Trust Fund
(Establishment) Act has created a legal framework to support our Police with
increased fiscal resources to enhance their law enforcement capabilities.
10. These initiatives are being complemented by
the ongoing recruitment of 10,000 constables into the Nigeria Police Force.
This clearly demonstrates our commitment to arrest the incidence of armed
robbery, kidnapping and other violent crimes across our nation.
11. We remain equally resolute in our efforts
to combat militant attacks on our oil and gas facilities in the Niger Delta and
accelerate the Ogoni Clean-up to address long-standing environmental challenges
in that region.
12. The recent redeployment of the Niger Delta
Development Commission from the Office of the Secretary to the Government of
the Federation, to the Ministry of Niger Delta Affairs underscores our
commitment to enhance the living standards of our communities in the Niger
Delta, through coordinated and appropriate programmes.
13. Our attention is increasingly being focused
on cyber-crimes and the abuse of technology through hate speech and other
divisive material being propagated on social media. Whilst we uphold the
Constitutional rights of our people to freedom of expression and association,
where the purported exercise of these rights infringes on the rights of other
citizens or threatens to undermine our National Security, we will take firm and
decisive action.
14. In this regard, I reiterate my call for all
to exercise restraint, tolerance and mutual respect in airing their grievances
and frustrations. Whilst the ongoing national discourse on various political
and religious issues is healthy and welcome, we must not forget the lessons of
our past – lessons that are most relevant on a day such as this.
15. The path of hatred and distrust only leads
to hostility and destruction. I believe that the vast majority of Nigerians
would rather tread the path of peace and prosperity, as we continue to uphold
and cherish our unity.
ACCELERATING SUSTAINABLE AND
INCLUSIVE ECONOMY GROWTH
16. This Administration inherited a skewed
economy, where the Oil Sector comprised only 8% of Gross Domestic Product but
contributed 70% of government revenue and 90% foreign exchange earnings over
the years. Past periods of relatively high economic growth were driven by our
reliance on Oil Sector revenues to finance our demand for imported goods and
services. Regrettably, previous governments abandoned the residual
Investment-driven Non-Oil Sector, which constituted 40% of Gross Domestic
Product and comprised agriculture, livestock, agro-processing, arts,
entertainment, mining and manufacturing activities that provide millions of
jobs for able-bodied Nigerians and utilize locally available raw materials and
labour for production.
17. To address this imbalance, our commitment
to achieving economic diversification has been at the heart of our economic
strategies under the Economic Recovery and Growth Plan, which I launched on the
5th of April, 2017.
18. This medium-term development plan charted
the trajectory for our economy to exit from recession and return to the path of
sustainable, diversified and inclusive growth for Nigerians. Pursuant to these
reforms, the economy has recovered and we have had 9 successive quarters of
growth since our exit from recession. The exchange rate in the last 3 years has
remained stable, with robust reserves of US$42.5 billion, up from US$23 billion
in October 2016.
19. Learning from the mistakes of the past,
this Administration is committed to responsibly managing our oil wealth
endowments. We will continue to prudently save our oil income and invest more
in the non-oil job-creating sectors.
20. In this regard, we are significantly
increasing investments in critical infrastructure. Last year, capital releases
only commenced with the approval of the Budget in June 2018. However, as at
20th June this year, up to N1.74 trillion had been released for capital
projects in the 2018 fiscal year.
21. Implementation of the 2019 Capital Budget,
which was only approved in June 2019, will be accelerated to ensure that
critical priority projects are completed or substantially addressed. The
Ministry of Finance, Budget and National Planning has been directed to release
N600 billion for Capital Expenditure in the next 3 months.
22. To maximise impact, we shall continue to
increasingly welcome and encourage private capital for infrastructural
development through Public Private Partnerships. Through the Road
Infrastructure Tax Credit Scheme, which I initiated in January this year, we
are giving incentives to private sector inflow of over N205 billion in 19
Nigerian roads and bridges of 794.4km across in 11 States of the
Federation.
23. As we push to diversify the economy, we
still remain focused on optimizing the revenues generated from the oil and gas
sector. We will, working with the Legislature, soon pass the Petroleum Industry
Bill and amendments to the Deep Offshore Act and Inland Basin Production
Sharing Contracts Act into law, to ensure Government obtains a fair share of
oil revenues, whilst encouraging private sector investment.
24. We will also continue our fight against
illegal bunkering of crude oil and the smuggling of refined petroleum products
across our borders, including the diligent prosecution and conviction of
offenders found guilty of these acts. Whilst Nigeria remains committed to free
and fair continental and international trade, we will not hesitate to take all
necessary steps to tackle illegal smuggling, transshipment and other predatory
trade practices that destroy jobs in our country.
25. We are resolute in reforming the power
sector. In August this year, we launched the Presidential Power Initiative to
modernize the National Grid in 3 phases: starting from 5 Gigawatts to 7 Gigawatts,
then to 11 Gigawatts by 2023, and finally 25 Gigawatts afterwards. This
programme, in partnership with the German Government and Siemens, will provide
end-to-end electrification solutions that will resolve our transmission and
distribution challenges.
26. The programme will also look to localize
the development and assembly of smart meters as well as the operations and
maintenance capabilities of transmission and distribution infrastructure.
27. I am pleased with the improved inter-agency
collaboration between the Ministry of Power and the regulators in the banking
and power sectors to ensure that electricity sales, billings and collections
are automated and become cashless.
28. These initiatives are important to ensure
that the technical and collection losses in the sector are substantially
reduced. I remain confident that Nigerians will have affordable and
uninterrupted electricity supply in the not too distant future.
29. Our efforts to improve the power sector
will complement other infrastructure investments projects under the
Presidential Infrastructure Development Fund, which is investing in the
Mambilla Power Plant project, as well as key economic road infrastructure such
as the Lagos-Ibadan Expressway, Second Niger Bridge and Abuja-Kano Expressway.
The first set of these projects remain on track to be completed by 2022.
30. Our journey to food security and
self-sufficiency is well underway. We have made remarkable progress in almost
all segments of the agriculture value chain, from fertilizers to rice, to
animal feed production. We shall sustain these policies to ensure additional
investments are channeled, thereby creating more jobs in the sector. We must
not go back to the days of importing food and thereby exporting jobs.
31. Our commitment to achieving macroeconomic
stability and economic diversification, has been underscored by the merger of
the Ministry of Finance with the Ministry of Budget and National Planning.
32. This combined Ministry has the important
mandate to enhance the management of domestic and global fiscal risks;
coordinate policies with the trade and monetary authorities; raise and deploy
revenues to fund budgeted expenditure; and integrate annual budgets and
medium-term fiscal strategies.
33. With this, our revenue-generating and
reporting agencies will come under much greater scrutiny, going forward, as the
new performance management framework will reward exceptional revenue
performance, while severe consequences will attend failures to achieve agreed
revenue targets.
34. I recently constituted an Economic Advisory
Council to advise me on inclusive and sustainable macroeconomic, fiscal and
monetary policies. This independent body will work with relevant Cabinet
members and the heads of key monetary, fiscal and trade agencies to ensure we
remain on track as we strive for collective prosperity. However, we are also
committed to ensure that the inconvenience associated with any painful policy
adjustments, is moderated, such that the poor and the vulnerable, who are most
at risk, do not bear the brunt.
35.
Our ongoing N500 billion Special Intervention Programme continues to
target these vulnerable groups, through the Home-grown School Feeding
Programme, Government Economic Empowerment Programme, N-Power Job Creation
Programme, loans for traders and artisans, Conditional Cash Transfers to the
poorest families and social housing scheme.
36.
To institutionalize these impactful programmes, we created the Ministry
for Humanitarian Affairs, Disaster Management and Social Development which
shall consolidate and build on our achievements to date. To the beneficiaries
of these programmes, I want to reassure you that our commitment to social
inclusion will only increase.
37. Our population growth rate remains amongst
the highest in the world, presenting both challenges as well as opportunities.
It is our collective responsibility to ensure that we provide adequate
resources to meet the basic needs of our teeming youth.
38.
Accordingly, we shall continue to invest in education, health, water and
sanitation, as well as food security, to ensure that their basic needs are met,
while providing them with every opportunity to live peaceful, prosperous and
productive lives.
FIGHTING CORRUPTION AND
RESTORING GOOD GOVERNANCE:
39. On fighting corruption, our institutional
reforms to enforce the Treasury Single Account policy, introduce the
Whistle-blowers’ Initiative, expand the coverage of the Integrated Payroll Personnel
and Information System as well as the Government Integrated Management
Information System have saved billions of Naira over the last four years, and
deterred the rampant theft and mismanagement of public funds that have plagued
our public service.
40. The Ministry of Justice, the Independent
Corrupt Practices Commission, and the Economic and Financial Crimes Commission
will continue to address this menace. We are determined to ensure that
transparency and good governance are institutionalized in public service.
41.
We must commit to installing a culture of Good Governance in all we do.
This Administration has fought against corruption, by investigating and
prosecuting those accused of embezzlement and the misuse of public resources. We
have empowered teams of prosecutors, assembled detailed databases of evidence,
traced the proceeds of crimes and accelerated the recovery of stolen funds.
42. Furthermore, we partnered with our friends
abroad to combat tax evasion, smuggling, terrorism and illicit financial flows.
In June 2018, I assented to the Mutual Assistance in Criminal Matters Act, to
provide a domestic legal framework for obtaining international assistance in
criminal matters.
43.
This measure has already strengthened our law enforcement agencies in
obtaining evidence, investigating suspects and facilitating the recovery,
forfeiture and confiscation of property implicated as proceeds of crime.
44. An example is the US$300 million recently
identified as part of the Abacha money-laundering case, working closely with
the Government of the United States of America. The Federal Ministry of Justice
is working with the US Department of Justice to conclude a Memorandum of
Understanding to expedite the repatriation of these funds.
45. The P & ID Arbitral Award has
underscored the manner in which significant economic damage has been caused by
the past activities of a few corrupt and unpatriotic Nigerians.
46. The policies that we are putting in place
today are to ensure such criminal and unpatriotic acts do not go without
consequences. Our renewed partnership with the 9th National Assembly will
facilitate the swift passage of enabling laws that will institutionalize these
anti-corruption efforts in our criminal justice system.
47. In this connection, I call upon our States
to intensify their own efforts to instill greater fiscal transparency and
accountability. And to ensure greater fiscal efficiency and optimum use of our
very scarce resources.
48. The blight of Corruption is fighting back.
Nevertheless, this is a battle that we shall see through and this is a war,
which we shall win by the Grace of God.
49. I will also call upon all Nigerians, from
every walk of life, to combat Corruption at every turn. By choosing to question
and confront corrupt practices, by reporting unethical practices or through
whistleblowing. Together, we can overcome corruption and will no longer be a
country defined by corruption.
50. Fellow Nigerians, let me reiterate my call for unity across our
dear nation.
51. Nigeria will emerge from our present
challenges stronger and more resilient than ever – but only if all of us join
hands to entrench Good Governance, foster Inclusive Economic Development, and
defend and protect our Nation from all those who would wish us ill.
52. I thank you most sincerely and wish you a
Happy Independence Anniversary.
53. May God bless you all, and may He continue
to bless the Federal Republic of Nigeria.
Read more at:
https://www.vanguardngr.com/2019/10/full-speech-president-buharis-independence-day-speech/
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