THE BUHARI ADMINISTRATION AT 6: COUNTING THE
BLESSINGS ONE BY ONE
The Muhammadu Buhari administration clocks six years
May 29, 2021. This milestone affords the opportunity to
reflect, and recount the impact that has been made (and
is being made) on different sectors of national life.
From infrastructure, to finance, education, healthcare,
sports, anti-corruption, human development , housing, oil
and gas, foreign relations, and many others, the
Administration is recording giant strides, enough to make
Nigerians proud. That is, those who are dispassionate and
fair-minded, not beclouded by political partisanship and
Some people claim: we don’t see what they are doing. We
don’t hear about it. Well, here it is. A Fact Sheet, a report
card on the Buhari Administration, just a bit of the
successes, as the milestone of six years is attained.
As it is said, the past is but a story told. The future may
yet be written in gold. When the Administration breasts
the tape in another two years, by the grace of God, the
applause will be resounding, even from the worst of
sceptics. Facts are undeniable, and always remain so.
They are stubborn things.
-Presidential approval, in 2020, for the establishment of
InfraCo Plc, a world class infrastructure development
vehicle, wholly focused on Nigeria, with combined debt
and equity take-off capital of N15 trillion, and managed by
an independent infrastructure fund manager.
– Establishment in 2020 of the Presidential Infrastructure
Development Fund (PIDF), with more than $1 Billion in
funding so far.
– The Nigerian Sovereign Investment Authority (NSIA) has
seen total additional inflows from the Government of
around US$2 billion under the Buhari Administration –
since the original US$1 billion which the Fund kicked off
with in 2012.
– Launch of the Nigeria Innovation Fund, by the NSIA, to
address investment opportunities in the domestic
technology sector: data networking, datacenters, software,
Agri-tech, Bio-tech, etc.
– 156km Lagos-Ibadan Standard Gauge Rail nearing
– 327km Itakpe-Warri Standard Gauge Rail completed and
commissioned 33 years after construction began.
– Abuja Light Rail completed in 2018.
– Ground-breaking done for construction of Kano-Maradi
Standard Gauge Rail, and revamp of Port-Harcourt-
Maiduguri Narrow Gauge Rail.
– Financing negotiations ongoing for Ibadan-Kano
Standard Gauge Rail project
– Presidential Infrastructure Development Fund (PIDF),
investing over a billion dollars in three flagship projects:
Lagos-Ibadan Expressway, Second Niger Bridge, Abuja-
– Executive Order 7 mobilizing private investment into the
development of key roads and bridges like Bodo-Bonny in
Rivers and Apapa-Oshodi-Oworonshoki-Ojota in Lagos
– Highway Development and Management Initiative
(HDMI), a public-private partnership program to mobilise,
in its first Phase, over a Trillion Naira in private investment
into the development and maintenance of 12 Roads,
amounting to 1,963km in length.
– More than 360 billion Naira worth of Sukuk Bonds raised
since 2017 for dozens of critical road projects across all
six geopolitical zones.
– Completion of New Terminals for International Airports in
Lagos, Abuja, Kano and Port Harcourt
– Construction of New Runway for Abuja and Enugu
– Presidential approval for four International Airports as
Special Economic Zones: Lagos, Kano, Abuja and Port
– Approval for new private-sector funded deep sea ports:
Lekki Deep Sea Port (Construction already well underway,
for completion in 2022); Bonny Deep Sea Port (Ground-
breaking done in March 2021); Ibom Deep Sea Port; and
Warri Deep Sea Port
– Development of capacity at the Eastern Ports:
o In December 2017, Calabar Port commenced export of
bulk cement to Tema Port in Ghana
o In 2019, three container ships berthed at Calabar Port,
for the first time in eleven years
o Dredging of Warri Port (Escravos Bar—Warri Port
channel) completed in 2018
o On October 30, 2019, an LPG Tanker operated by NLNG,
berthed in Port Harcourt – the first time ever an LPG ship
berthed in any of the Eastern Ports
o On December 8, 2019, Onne Port received JPO VOLANS
(owned by Maersk), the FIRST gearless and largest
container vessel (265.07 metres) to call at any Eastern
Port in Nigeria.
o On August 1, 2019, Onne Port’s Brawal Terminal
received MSC GRACE, its first container vessel since 2012.
Energizing Education Programme: Taking clean and
reliable energy (Solar and Gas) to Federal Universities and
Teaching Hospitals across the country. Four Universities
completed and commissioned already: BUK (Kano), FUNAI
(Ebonyi), ATBU (Bauchi) and FUPRE (Delta); others
Energizing Economies Programme: Taking clean and
reliable energy (Solar and Gas) to markets across the
country. Completed projects include Sabon-Gari Market in
Kano, Ariaria Market in Aba, and Sura Shopping Complex
National Mass Metering Programme: Nationwide rollout of
electricity meters to all on-grid consumers, launched in
August 2020. The Central Bank of Nigeria is providing 60
billion Naira for the first phase, with a target of 1 million
meter installations. So far more than 500,000 meters have
been delivered to the Discos, and more than 280,000
Solar Power Naija: Launched in April 2021 to deliver 5
million off-grid solar connections to Nigerian households.
The program is expected to generate an additional N7
billion increase in tax revenues per annum and $10 million
in annual import substitution. In May 2021, the Rural
Electrification Agency announced the planned deployment
of solar-powered grids to 200 Primary Health Centres
(PHC) and 104 Unity Schools nationwide.
Presidential Power Initiative (PPI), aka Siemens Power
Program: A Government-to-Government initiative involving
the Governments of Nigeria and Germany, and Siemens
AG of Germany, to upgrade and modernize Nigeria’s
electricity grid. Contract for the pre-engineering phase of
the Presidential Power Initiative (PPI) was signed in
February 2021, following the 2020 approval for the
payment of FGN’s counterpart funding for that phase.
Nigeria Electrification Project (NEP) has provided grants
for the deployment of 200,000 Solar Home Systems,
impacting one million Nigerians. The NEP is also
delivering mini-grids across the country.
– The Family Homes Fund Limited (FHFL), incorporated by
the Federal Government of Nigeria in September 2016, is
the implementing agency for the Buhari Administration’s
National Social Housing scheme.
– More than two thousand (2,000) hectares of land with
titled documents have been given by 24 States for the
Buhari administration’s Social Housing programme, with
the capacity to accommodate about 65,000 new homes.
– Under the National Social Housing programme, Nigerians
will be given at least a 15-year period with a monthly
payment at 6 percent interest rate, to pay for each housing
unit. The Central Bank of Nigeria is providing a N200
Billion financing facility, with a guarantee by the FGN.
OIL AND GAS
The Buhari Administration has declared this decade the
“Decade of Gas.”
– Ground-breaking on 614km Ajaokuta-Kaduna-Kano Gas
– Successful completion of Nigeria’s first Marginal Field
Bid Round in almost 20 years, expected to raise in excess
of half a billion dollars, and open up a new vista of
investment in oil and gas.
– Launch of National LPG Expansion Programme (including
Removal of VAT from the domestic pricing of LPG)
– Financial close and signing of contract for NLNG Train 7,
which will grow Nigeria’s production capacity by about
– Nigeria and Morocco have in 2021 signed an agreement
to develop a US$1.4 billion multipurpose industrial
platform (Ammonia and Di-Ammonium Phosphate
production plants) that will utilize Nigerian gas and
Moroccan phosphate to produce 750,000 tons of ammonia
and 1 million tons of phosphate fertilizers annually by
2025. It will be located in Ikot-Abasi, Akwa-Ibom State.
– Commissioning, in December 2020, of the new NPDC
Integrated Gas Handling Facility in Edo State, the largest
onshore LPG plant in the country, with a processing
capacity of 100 million standard cubic feet of gas daily,
producing 330 tonnes of LPG, 345 tonnes of propane and
2,600 barrels of condensate, daily.
– Establishment of a $350m Nigerian Content Intervention
Fund, to finance manufacturing, contracts and assets in
the oil and gas industry
– Financial Close on the following NNPC-involved projects:
o A 10,000 tonnes per day methanol plant and a 500
million standard cubic feet per day gas processing plant,
in Odeama, Brass, Bayelsa State.
o The ANOH gas processing plant, with a processing
capacity of 300 million standard cubic feet of gas, in Imo
State. It is a Joint Venture between Seplat Petroleum
Development Company and the Nigerian Gas Company, a
wholly owned subsidiary of Nigerian National Petroleum
Corporation (NNPC). It also has the potential to deliver
1,200MW of power when completed.
o Comprehensive Rehabilitation of the Port Harcourt
Refinery (PHRC). Sign-off Ceremony of Engineering,
Procurement & Construction (EPC) Contract held in April
2021, marking the commencement of site handover and
full mobilization to site.
– Policy, Regulatory and Funding Support for the
establishment of Modular Refineries across the Niger
Delta. When the Administration took office in 2015 Nigeria
had only one functioning Modular Refinery. Today there
are at least six ongoing brownfield and greenfield Modular
Refinery Projects across the Niger Delta. In 2020 President
Buhari commissioned the first phase of the Waltersmith
Modular Refinery, in Imo State.
– Launch of the Nigerian Upstream Cost Optimization
Programme (NUCOP), to reduce operating expenses
through process enhancement and industry collaboration.
THE BUHARI ADMINISTRATION AT 6: COUNTING THE