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Nigeria's President, Muhammadu Buhari |
The Presidency has listed numerous jinxes
broken by the Buhari administration in recent times.
Presidential spokesman Femi Adesina listed
the jinxes in a special write-up on Sunday in Abuja.
STATE HOUSE PRESS RELEASE
JINXES BROKEN BY THE MUHAMMADU BUHARI
ADMINISTRATION—PRESIDENCY
A giant-sized jinx was broken recently when
the Nigerian National Petroleum Corporation (NNPC) announced a first Net Profit
in the 44-year history of the organization. Under President Muhammadu Buhari,
who doubles as Minister for Petroleum Resources, the oil conglomerate announced
a first-ever profit of N287 billion. Such had never happened before.
But that was by no means the only major
jinx broken in the lifetime of the Buhari administration. They abound. And here
are just some of them. The list is by no means exhaustive:
Policies and legislation:
*Petroleum Industry Bill signed into law in
2021, after almost two decades in the works. It is aimed at reforming a
Petroleum Act dating back to 1969, as well as other supplementary laws and
regulations.
*Deep Offshore and Inland Basin (Production
Sharing Contracts) Act, 2019, amended for the first time since 1993.
*More than 6 billion dollars of inherited
Cash Call Arrears now being cleared by the Buhari Administration, since 2016.
More than 3 billion dollars of the arrears (payments due to International Oil
Companies) have since been paid.
*The Buhari Administration has overseen the
first successful Marginal Fields Bid Round in almost 20 years.
*The Buhari Administration has launched the
first National Social Investment Programme in the country’s history. Today it
is the largest Social Investment Programme in Africa and one of the largest in
the world.