PBAT achievements at a glance-7months year end 2023
PBAT has stabilized the polity and reduce tension associated with ethnics and religious bigotry to better managing our diversity, whist ensuring balance spread of appointments across different regions to further reduce tension on perceived marginalization with attendant emergent of IPOB, Niger-delta- militants, Oodua, Arewa consultative forum
IPOB and Yoruba Nation calling for secession
Other notable achievements includes not limited to the following
✓Renew commitments in war against insecurity
Waging fierce war against corruption
✓Introduction of different level of palliative cutting across regions and demographics with peculiar needs
✓Introduction of discipline and control, transparency in CBN
✓Cementing fractured relationship with Work powers
✓Accentuating and prioritizing regional Cooperation with African sub-region and encouraging build up of AFCTA agreement
✓Returning dignity to body of politics – intervention of Ondo and River state saga
✓Attracting several FDI’s and contract sealed many trade agreement across Europe covering all sectors
✓Removal of fuel subsidy first day in office -very audacious
✓Unification of exchange rate
✓CBN halt injection of usual $1.5bn monthly in capital markets and now paying backlogs
✓Deregulation of power and rail services- exclusive list to concurrent for State equity participation
✓Instituting President Tax review backed up by executive orders, bills waiting for review at upper and lower house to become law before implementation
✓Relaunch of PH refinery with capital expenditure of $1.5b
✓Social intervention support of N2b to 36 states including Abuja to cushion effect of subsidy
✓Support for manufacturers, Start up and Nano enterprise at single digit 9%annually
✓Created additional 10 MDA’s to facilitate new streams of revenue and foster professionalism across all the sectors
✓Setting service delivery unit to better manage all 29+ MDA’S with KPA’s and KPI’S
✓Removal of ASSU from IPPS to better managing Nation tertiary institution s
✓Not borrowing more fund for National projects- adopting PPP initiatives
✓improving primary health across 36 states + Abuja through contract agreement with major global development partners it
✓ launching of credit facilities at single digit across board to reduce civil services corrupt tendencies
*Economic vitals
✓Increase in Nigeria stock market by 34.11%
✓GDP – +2.54%
✓Oil production rise by 13.4%
✓Balance of trade in surplus of 52% highest in 5years
✓External debt -$41.59b
✓Pension fund aggregate-N77trn
✓Recovery of N12trn out of N33trn declared in CBN audit report
✓Public debt -N87.91trn
✓inflation-28.2%
✓Food inflation-31.5%
✓Divestment of multi nation P&G,GSK and other -$4.5b
✓ devaluation of Naira by 41%
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