February 21, 2024

 

  • Financial close and signing of contract for NLNG Train 7, which will grow Nigeria’s LNG production capacity by 35%
  • Nigeria and Morocco 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.
  • The NNPC Limited’s National Petroleum Investment Management Services (NAPIMS) became, in 2022, the first Government organization in West and North Africa to receive the ISO 22301:2019 Certification for Business Continuity Management from RINA.

Financing and Investment:

  • Afreximbank announced in January 2022 that it will assist NNPC Limited to raise $5 billion financing to support investments in Nigeria’s upstream industry, and facilitate expanded energy supply. Afrexim also disclosed plans to underwrite $1 billion of the total planned debt.
  • Final Investment Decision in January 2021 on a 10,000 tonnes per day methanol plant and a 500 million standard cubic feet per day gas processing plant, being promoted by the NNPC Limited and the Nigerian Content Development and Monitoring Board (NCDMB), in partnership with the private sector. The plant is now under construction in Odeama, Brass, Bayelsa State.
  • 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.
  • 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 no fewer than 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, and broke ground on Phase 2, which will add 20,000bpd processing capacity.
  • The Nigerian National Petroleum Corporation (NNPC), Tuesday, December 21, 2021, handed over a symbolic cheque of N621.24 Billion for the rehabilitation of 21 critical roads (totalling 1,800km) across the country, through the Road Infrastructure Tax Credit Scheme under the Executive Order 7 signed by President Muhammadu Buhari in 2019. Note that this does not mean that NNPC has gone into the business of constructing roads; instead it is financing the construction of roads, through its tax liabilities.
  • Launch of the Nigerian Upstream Cost Optimization Programme (NUCOP), to reduce operating expenses through process enhancement and industry collaboration. The overall target is to achieve a $10 or less per barrel production cost.

 

SOLID MINERALS

  • Approval, in 2020, of a new national policy on local production of bitumen. In April 2022, the Federal Government announced the selection of PwC as Transaction Adviser for the concession process for Nigeria’s bitumen blocks. (Nigeria has one of the largest bitumen reserves in the world, mostly undeveloped).
  • The Presidential Artisanal Gold Mining Development Initiative (PAGMI) is a Buhari Administration scheme to enumerate (deploying BVN and NIN data), organize/formalize, ‘skill’, equip, and finance (by guaranteeing offtake—with fair pricing) artisanal gold miners in Nigeria.
  • Construction completed on the first phase of the Segilola Gold Project, Nigeria’s first large-scale commercial gold mine, and most advanced gold exploration project (also currently the largest defined gold deposit in the country). The private sector project, built during the pandemic, began exporting gold in late 2021.
  • In Kaduna, a $600 million integrated iron ore mining, processing and steel production company is being completed, in Gujeni, Kagarko LGA of the State – a wholly private sector investment.
  • Licensing by the Federal Government of 3 companies to build the first set of gold refineries in Nigeria.
  • In 2020, the Central Bank of Nigeria (CBN) added Nigerian gold to its reserves for the first time.
  • The Ministry of Mines and Steel Development has achieved:
    • Total automation of the operations of the Mining Cadastre Office (MCO); the MCO’s web-based Administration and Management of Mineral Title System went live on 1st November, 2022.
    • Revitalized the Presidential Joint Task Force on Mines Surveillance
    • Enhanced the operating capacity of the National Geosciences Research Laboratories (NGRL) in Kaduna, so that samples no longer need to be sent abroad for processing
    • Operationalization of the Solid Minerals Development Fund (SMDF)
    • Established, in 2018, the National Council on Mining and Mineral Resources Development, bringing the Federal and State Governments together.
    • Reactivated the State Mineral Resources and Environmental Management Committees (MIREMCO)
  • Ongoing development of the following Mining-related clusters in the 6 geopolitical zones of Nigeria, as part of the Federal Ministry of Mines and Steel Development’s Covid-19 economic intervention programme:
    • Gold Souk in Kano
    • Kaolin-processing plant in Bauchi
    • Gemstone market in Ibadan
    • Lead-smelting plant in Ebonyi
    • Barite-processing plant in Cross River
    • Gold-smelting plant in Kogi
    • Expanded operations to every State in Nigeria, to complement State Fire Services
    • 12 Metropolitan Fire Stations under construction: FCT, Benue, Kano, Owerri, Enugu, Delta, Akwa Ibom, Sokoto, Ogun, Osun
    • 6 new Training Schools approved – Maiduguri, Kankia, Ilorin, Umuahia, Ilesha, Calabar.
    • Grown Capital Expenditure from N185.6m in 2015 to 4.8 Billion in 2020, and 6.5 Billion in 2021.
  • Ongoing Major Security Operations nationwide:
    • Operation Hadin Kai (North East)
    • Operation Lake Sanity (North East)
    • Operation Desert Sanity (North East)
    • Operation Hadarin Daji (North West)
    • Operation Safe Haven (North Central)
    • Operation Whirl Stroke (North Central)
    • Operation Delta Safe (South South)
    • Operation Dakatar Da Barawo (South South)
  • The Presidential Police Reform Programme:
    • On June 24, 2019, President Buhari signed into law the Nigeria Police Trust Fund Bill, establishing the Nigeria Police Trust Fund, to mobilize financing and resources to equip the police and improve their welfare.
    • On Sept 16, 2020, President Buhari assented to the Nigeria Police Bill, 2020; the first fundamental reform of police enabling legislation since the colonial Police Act of 1943.
    • President Buhari approved the Presidential Roadmap on Police Reform, establishing the Police Reform & Transformation Office (PORTO), in the office of the Chief of Staff (COS) to the President, to coordinate police reforms. This Team has also developed a Presidential Roadmap on Police Reforms which captures the President’s vision for legitimate, accountable and community-involved policing in Nigeria.
    • The Buhari Administration is rolling out the Police Specialized Services Automation Project (Po-SSAP) to block financial leakages and deepen fiscal accountability within the Force.
    • Presidential approval obtained for commencement of Community Policing Initiative nationwide, and release of take-off funding. The Community Policing Initiative has also now been enshrined into the Police Act, 2020. So far, about 25,000 Community Policing Officers (“Constabularies”) have been trained in Police Colleges across the country, to serve as liaisons between the Police and their local communities, and to assist in intelligence-gathering.
    • President Buhari signed into law, in 2019, the Bill establishing the Police Trust Fund, which will significantly improve funding for the Nigeria Police Force.
    • President Buhari approved the recruitment of 40,000 new police officers. The recruitment is ongoing, in tranches of 10,000 recruits. So far, 20,000 new officers have been recruited, while the recruitment of the third batch of 10,000 is ongoing.
    • Nigeria Police Force launched a new National Command and Control Center in Abuja in 2019.
    • Nigeria in 2019 launched its first National Sexual Offenders Register (NSOD), managed by the National Agency for the Prohibition of Trafficking Persons (NAPTIP).

 

 

MOROCCO

  • The Presidential Fertilizer Initiative, PFI (which involves a partnership with the Government of Morocco, for the supply of phosphate, as well as technical assistance), has resulted in the revitalization of more than 40 blending plants across Nigeria.
  • As part of the PFI, in 2018 Nigeria and Morocco signed a Memorandum of Understanding (between OCP of Morocco and the Nigeria Sovereign Investment Authority) on the establishment of a Basic Chemicals Platform, specifically to develop a significant Ammonia Production Plant in the Niger Delta. In March 2021, contracts were signed by NSIA and OCP for land acquisition, joint venture equity investment, and gas supply for the project.
  • Nigeria and Morocco are working jointly on the Nigeria-Morocco Gas Pipeline project, which will deliver Nigerian gas to Morocco and Europe.

 

UNITED ARAB EMIRATES (UAE)

  • Before the coming of the Buhari Administration, no signed agreements or MoUs existed between Nigeria and the United Arab Emirates (UAE). Currently there are nine signed bilateral agreements and MoUs, with another eight being worked upon for signing soon.
  • Arms deals, including the purchase of a new Warship for the Nigerian Navy (constructed in Sharjah, UAE), and 100 new Mine-Resistant Ambush Protected (MRAPS) for the Nigerian Army.
  • Nigeria has signed and ratified an Extradition Treaty with the United Arab Emirates that allows extradition of Nigerians who flee to the UAE after committing crimes in Nigeria.

 

SAUDI ARABIA

  • During the Future Investment Initiative (FII) in 2019, President Buhari met separately and held extensive talks with the King Salman bin Abdulaziz, and his son, Crown Prince Mohammed bin Salman, MBS; as well as the leadership of ARAMCO and the Saudi Sovereign Wealth Fund.
  • One of the outcomes of the Saudi Visit was the agreement by the two governments to set up a joint Saudi-Nigeria Strategic Council, made up of government officials and businessmen from both countries, and which will focus on economic growth and development, investments in oil and non-oil sectors, and security cooperation.

 

 

 

INTERNATIONAL APPOINTMENTS HELD BY NIGERIANS

  • Designation of President Buhari as the African Union (AU) Anti-Corruption Champion for 2018, and by ECOWAS Heads of State as West Africa’s Covid-19 Champion in 2020.
  • Election, in 2021, of President Buhari as the President of the Conference of Heads of State and Governments of the member states of the Pan African Agency for the Great Green Wall (PAGGW)
  • Election of President Buhari as Chairman of the Summit of Heads of State and Government of the Lake Chad Basin Commission, 2017
  • Amina Mohammed, Deputy Secretary-General of the United Nations (UN), appointed 2017
  • Ngozi Okonjo-Iweala, Director General of the World Trade Organization (WTO) (first African and first woman to hold the position, elected 2021)
  • Akin Adesina, President of the African Development Bank, elected in 2015 and re-elected 2020.
  • Benedict Oramah, President of African Export-Import Bank (Afreximbank), re-elected for a second term in 2020
  • Mohammad Sanusi Barkindo, Secretary-General of the Organization of Petroleum Exporting Countries (OPEC); elected 2016, re-elected 2019.
  • Chile Eboe-Osuji, President of the International Criminal Court (ICC), 2018–2021.
  • Tijjani Muhammad-Bande, President of the 74th Session of the United Nations General Assembly, 2019–2020.
  • Bankole Adeoye, Commissioner, African Union Commission’s Department for Political Affairs & Peace and Security, elected 2021
  • Funke Adeyemi, elected Secretary-General of the African Civil Aviation Commission (AFCAC) in 2022
  • Major General Benjamin Olufemi Sawyerr appointed Force Commander / Acting Head of Mission for the United Nations Interim Security Force for Abyei (UNISFA), by UN Secretary General Antonio Guterres, in February 2022.
  • Epiphany Azinge, SAN, appointed President of the Commonwealth Secretariat Arbitral Tribunal, in London, in 2022
  • Osahon Enabulele elected President of the World Medical Association, in 2022
  • Mustafa Shehu elected President of the World Federation of Engineering Organisations (WFEO), in 2022.
  • Oladele John Nihi, elected Vice President, Pan-African Youth Union (PYU), in 2021. PYU is the overall coordinating body for all youth organizations (national, regional and continental) in Africa.

CORONAVIRUS RESPONSE

  • President Buhari appointed Champion of the ECOWAS COVID-19 response, in April 2020.
  • The President in March 2020 set up an Economic Sustainability Committee chaired by Vice President Osinbajo, to develop a comprehensive economic plan to respond to the disruptions and dislocations caused by the COVID-19 pandemic.
  • The ESC produced an Economic Sustainability Plan (ESP) that is being implemented and has been credited with helping Nigeria exit the Covid-induced recession faster than expected.
  • The President in March 2020 set up a Presidential Task Force on Covid-19, chaired by the Secretary to the Government of the Federation, to coordinate Nigeria’s multi-sectoral inter-governmental approach to COVID-19. The PTF has since April 2021 transitioned into a Presidential Steering Committee (PSC) on Covid-19.

President Buhari also approved the following, in 2020:

  • Establishment of a 500 billion Naira COVID-19 Crisis Intervention Fund, for the upgrading of health facilities nationwide, finance a national Special Public Works Programme, as well as any other interventions that may be approved in the future.
  • Launch of the Export Expansion Facility Programme, designed to ameliorate the impact of the pandemic on exporting businesses. The goals are market development (22 identified export markets), capacity building, export aggregation, and trade facilitation.
  • President Buhari approved, under the Economic Sustainability Plan (ESP) the release of a first tranche of 5 Billion Naira to the Aviation industry. The money was shared amongst Airlines, Ground handling Companies, the National Association of Nigerian Travel Agencies, Airport Car Hire Association of Nigeria, In-flight Catering Services Operators, and Aviation Fuel Operators, as Bailout package for the Aviation Sector.
  • Release of special intervention grants of 10 billion Naira and 5 billion Naira to the Lagos State Government and the Nigeria Center for Disease Control (NCDC) respectively, to facilitate the Covid-19 Response.
  • A three-month repayment moratorium for all Social Investment Programme microcredit loans (TraderMoni, MarketMoni and FarmerMoni), with immediate effect.
  • A three-month moratorium for all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture, and the Nigeria Export Import Bank.
  • Presidential approval for Expansion of National Social Register (official database for implementation of the Conditional Cash Transfer programme) by 1 million additional households.

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