Nigerians are celebrating another Democracy Day. The country used to mark the day on May 29 until 2018 when President Muhammadu Buhari declared June 12 as the new Democracy Day.
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As usual, the president has addressed the nation, listing the many things this administration has achieved.
In his Democracy Day broadcast, President Buhari noted that this was a difficult time as the world is still battling with the coronavirus pandemic that has infected millions and hundreds of thousands.
The president spoke a lot about the diversification of the economy, listing steps the government has been taking and how far it has come.
Legit.ng highlights some of the major things from the president's speech.
1. On agriculture
"Agriculture remains the key to our economic diversification strategy," the president said.
The Presidential Fertilizer Initiative programme is making significant progress and a number of direct and indirect jobs have been created as a result of this.
The government will continue to support the agriculture sector through various schemes. The cotton, textile and garment sector is being revamped.
Rural farmers have access to credit.
2. On non-oil exports
Buhari said: "Our efforts on growing non-oil exports have started to yield some results."
Nigeria's revenue from cocoa and sesame seed increased by $79.4 million and $153 million, according to the president.
Nigeria is developing its strategy to grow intra-Africa trade through the Africa Continental Free Trade Area Agreement as the continent presents a huge opportunity for its export base diversification
3. Ease of doing business
"Nigeria has risen by 25 places on the World Bank’s Ease of Doing Business ranking from 146th to 131st and is now rated as one of the top ten reforming countries."
The reason for this can be attributed to the Visa on Arrival policy and other laudable initiatives.
The government is confident that the rating will improve further.
4. On mining
"We remain committed to expanding our mining sector."
Some of the projects underway include resuscitation of the Ajaokuta Steel Plant and harnessing the supply value chain in gold production.
5. On power
"The power sector remains very critical to meeting our industrial development aspirations."
This administration is taking care of the challenges that still exist in the delivery of power through different strategies
6. On transportation
"Another critical sector to improving our economic competitiveness."
The president said they are growing the stock and quality of Nigerian road, rail, air and water transport infrastructure.
7. On Niger Delta region
"We have restored peace in the Niger Delta Region and maintained our oil production levels."
The president is committed to ensuring that the development meant for the people of the Niger Delta get to them.
8. On security:
"In the area of security, we remain unshaken in our resolve to protect our national infrastructure."
According to the president ending all forms of criminality including banditry and insurgency is being prioritised.
9. On COVID-19:
"The impact of the pandemic has disrupted our economic system."
Buhari is confident that the steps being taken by the PTF would result in flattening the COVID-19 curve.
Recall that following the phase II relaxation of lockdown which accommodated a nationwide ban lift on religious gathering, the federal government issued a list of fresh guidelines.
Legit.ng reported that the health ministry said mobile courts will be established across the 36 states to prosecute offenders breaching the new guidelines.
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