Change | Progress | Growth
Building a future for our Youth #nextlevelng
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- 109 primary health care facilities revitalized
- ₦540 billion+ recovered in anti-corruption drive
- 100+ Federal Highways revitalized
- $1.3 billion take-off grant, for MSMEs
- 24 position increase in Ease of Doing business ranking
- 15 online university teaching centers launched
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I mourn the demise of my friend, Tam David-West, a brilliant virologist, and my Minister of Petroleum and Energy when I was Military Head of State. Tam had an indomitable spirit, stood resolutely by whatever he believed in, and was in a class of his own. May his soul rest in peace.
President Buhari with The Most Revd and Rt Hon Justin Welby, the Archbishop of Canterbury, at the Lambeth Palace, London, on Sunday, November 10, 2019.
This afternoon I assented to the Bill amending the Deep Offshore (and Inland Basin Production Sharing Contract) Act. This is a landmark moment for Nigeria; let me use this opportunity to thank the National Assembly for the cooperation that produced this long overdue amendment.
You will recall that in my 2020 Budget Presentation Speech before the National Assembly in October, I highlighted the need to urgently review the fiscal terms for deep offshore oil fields, to reflect current realities and to ensure increased government revenues.
Now, a month later, we have together with the 9th National Assembly made history with the passage and the signing of the amended Bill into law. We will continue to work together to deliver on all our promises to ensure inclusive growth and enhance the welfare of all Nigerians.
Nigeria will now receive its fair, rightful and equitable share of income from our own natural resources for the first time since 2003.
All attempts to amend the law on the distribution of income have failed. Until today. A combination of complicity by Nigerian politicians and feet-dragging by oil companies has, for more than a quarter-century, conspired to keep oil taxes to the barest minimum.
Today this changes. For the first time under our amended law, 200 million Nigerians will start to receive a fair return on the surfeit of resources of our lands. Increased income will allow for new hospitals, schools, infrastructure and jobs.
Today marks a new and beneficial relationship with our oil company partners: one that benefits all – starting with the Nigerian people.
I mourn the demise of my friend, Tam David-West, a brilliant virologist, and my Minister of Petroleum & Energy when I was Military Head of State. Tam had an indomitable spirit, stood resolutely by whatever he believed in, and was in a class of his own. May his soul rest in peace.
I wish all Muslims a happy and memorable celebration of the birth of Prophet Muhammad (Peace Be Upon Him). The greatest honour Muslims could do the great Prophet is to follow his shining examples of non-violence, peaceful disposition and remarkable virtues of patience.
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