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1. I welcome you all to this occasion of the formal presentation of the Hand-over notes of my Administration to the in-coming Administration of the President-Elect, General Muhammadu Buhari.
2. This event and tomorrow’s inauguration of a new administration are truly historic as it is the first time in the history of our nation that we are witnessing the democratic and orderly transfer of power at the Federal level from one political party to another.
3.
The Hand-over notes which we now present, contain the governance
philosophy, strategies, policies, programmes and activities of my Administration
for the period - 2011-2015. Also to be found in the notes are the objectives, targets
and implementation strategies, achievements and challenges of our key policies,
schemes, initiatives as well as the status of commitments and liabilities of
the various MDAs.
4.
As we hand over the affairs of the nation, it is appropriate to
recall that at inception, in May 2011, we committed ourselves to consolidating
national unity through democratization and good governance. Our assessment
then, and our firm belief ever since, is that the unity of Nigeria, the
security, well-being, greater freedoms and opportunities for all citizens must
remain the primary objectives of government.
5.
The Agenda for National Transformation which we did our best to implement
consisted of clear and consistent governance strategies, policies, plans,
programmes and projects, in all facets of our national life. Emphasis was
placed on human and state security, democratization, sound economic management,
as well as structural and institutional reforms.
6.
Our foremost concern was the unity of Nigeria. In keeping with that concern, we engineered a
process that began with a review of issues outstanding from previous
Constitutional Conferences by the Belgore Committee. After that, we widened
political consultations through a National Dialogue that was orchestrated
through the Okurounmu Committee. These culminated in the all-inclusive National
Conference which unanimously reaffirmed that Nigeria must remain united and
indivisible.
7.
The Conference also made resolutions and recommendations for
serious constitutional, political and governance reforms, which we have forwarded
to the National Assembly for appropriate legislative action. It is our hope that the incoming Government
will accord the Report of the National Conference the very high priority that it
deserves, as a genuine expression of the will of our people.
8.
The recognition that the starting point for good governance is the
legitimacy of the government itself informed our commitment to promoting free
and fair elections.
9.
It also motivated innovations in the management and conduct of
elections which we undertook. Hopefully, in the years ahead, those innovations
will be properly and fully implemented so that Nigerians will be even more
assured of the integrity of the electoral system and the legitimacy of any
government that it produces.
10.
To strengthen the social
contract between the government and the governed, we institutionalized the rule
of law as well as the independence of the legislature and the judiciary. We also promoted group and individual
freedoms. As a result, there is vast expansion in democratic, social and
economic space for all citizens.
11.Our
nation and citizens faced many new challenges over the past four years but the
greatest was the vastly increased menace of Boko Haram with their mindless
terror, mass killings, utter ruthlessness, kidnapping of innocent children and
other unspeakable acts of brutality.
12.
We should all remember that Boko Haram’s emergence predated our
administration going as far back as 2002. The group however became extremely
malignant with the killing of its leader, Mohammed Yusuf in July 2009.
13.
It therefore became an urgent task for us to effectively
confront the great threat Boko Haram posed to the security and well-being of
our people. To do so, we overhauled and virtually reinvented our security
architecture to confront Boko Haram and its insurgency. We re-organized our
security apparatus. We re-equipped and fully motivated our forces.
14.
Victory is now in sight and within our reach. However, the cost
in blood of citizens and heroes; and the diversion of national treasure from
urgent needs for development have been very high. While more than 500 women and
children have been rescued from the clutches of Boko Haram thus far by our
security forces, it remains my sincere hope and prayer that our beloved
daughters from Chibok will soon be reunited with us.
15.
I wish to thank the Nigerian people for their resilience and
patience. I also wish to pay very special and personal tribute to all the men
and women of our valiant armed forces and security agencies. Their sacrifice
and dedication have brought us thus far.
16.
While striving to overcome our national security challenges, we
still gave necessary attention to economic development. Our goal was to achieve
long-term economic growth and stability, improve the quality and quantum of
infrastructure and enhance human capital development.
17.
Our financial system reforms included the Treasury Single
Account [TSA] that unified the structure of government accounts for all MDAs and
thereby brought order to cash flow management; and Government Integrated
Financial Management Information System [GIFMIS] was introduced to plug
leakages and waste of resources. The Integrated Payroll and Personnel
Information System [IPPIS] weeded out 60,450 ghost workers in 359 out of 425 MDAs, yielding N185.4 billion in savings to the
Federal government.
18.
Improved Revenue Mobilization was achieved through improvements
in the laws and compliance measures. In 2013 alone, these measures resulted in
a 69% rise in Federal tax revenues from N2.8 trillion to N4.8 trillion. Also, Waiver
Policy and Trade Facilitation were reformed to create a more rational regime.
Our emphasis shifted to granting waivers to specific sectors instead of
individual companies and the Sovereign Wealth Fund was established to provide
stabilization from external shocks, provide funding for critical infrastructure
and savings for future generations.
19.
Our Financial Sector reforms addressed the issues of
inefficiencies in the coordination and monitoring of the financial system. Our
policies promoted transparency, better risk management, new banking models and
payment systems. We established the Assets Management Corporation of Nigeria as
a resolution mechanism for toxic banking assets. We strengthened banking supervision
and enhanced public confidence in Nigerian Banks
.
20.
Similarly, we undertook innovative reforms for job creation and
repositioned the manufacturing, agriculture and housing sectors. Specifically, it was observed that over the years, job creation did not keep pace with
economic growth. Thus unemployment, especially amongst the youth was assuming
alarming dimensions.
21.
To address this, my administration
made job creation a key consideration for all programmes in the Transformation
Agenda. Emphasis was also shifted towards empowering youths to become entrepreneurs
rather than job seekers, through such initiatives as Youth Enterprise with Innovation
in Nigeria (YOU-WIN), Graduate Internship Scheme (GIS), the SURE-P Technical
Vocational Education and Training Programme (TVET) and the Youth Employment in
Agriculture Programme (YEAP).
22.
Manufacturing in Nigeria
faces many challenges, including poor power supply, high cost of input, high
cost of doing business, multiple taxation, poor infrastructure and lack of
synergy with the labour market. To
address these problems, we launched several programmes and initiatives
including the National Industrial Revolution Plan and a new National Automobile
Policy designed to boost domestic car production and expand existing capacity.
Since then, five new private vehicle assembly plants have been established.
-
sector, and will not only deliver Africa’s biggest
industrial park, but all the accompanying benefits to local industry and job
creation.
40.
My
Administration has emphasized giving a free hand to our Anti-corruption
agencies such as the Economic and Financial Crimes Commission (EFCC) and the
Independent Corrupt Practices Commission (ICPC). We preferred that they mature
into strong institutions instead of being the images, the hammer and the anvil
of a strong man. We must encourage them to abide by the rule of law and due
process instead of resorting to dramatic or illegal actions orchestrated for
cheap applause
.
41.
Beyond the
very impressive records of enhanced convictions by statutory anti-corruption agencies
like the EFCC and ICPC, our other strategy has been to fashion economic
policies that deliver higher deterrence and frustrate concealment. In this
regard, the Bureau of Public Procurement has played a central role and impacted
strongly on the fight against corruption.
44. In addition, we increased engagement with Nigerians in the diaspora who contribute so much in remittances to their fatherland. Our Administration successfully encouraged more of them to invest in Nigeria and others to return home and join in the task of nation-building.
45.
In summary,
Your Excellency, distinguished ladies and gentlemen, our administration has done
its best to intervene robustly and impact positively on key aspects of our national
life.
46.
There is no
doubt that challenges still abound, but they are surmountable and overwhelming national
transformation remains realisable, with continuity, commitment and consistency.
47.
Nigeria is
blessed with citizens that will always remain faithful, firmly committed to national
unity, accelerated political, social and economic development.
48.
As we hand over
the reins of government, I believe that our nation is secure, our democracy is stable,
and the future is bright. Let us all work together, and with greater resolve, continue
to build a stronger and more prosperous nation.
49.
May God
Almighty continue to bless our dear country, Nigeria.
50.
I thank you
all.
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