Fellow Nigerians
One year ago, I was privileged to stand  before you, to take the oath of office as President of our dear country,  the third to serve you as President since the return to democratic rule  in 1999. Today, I remember that day and the processes leading to it  with profound gratitude to God Almighty and to all Nigerians who have  worked very hard to enrich our journey from military dictatorship to  inclusive democratic governance.
For the past 13 years, we have remained a  stable democracy. We have together demonstrated that the government of  the people is an ideal that the people of Nigeria cherish. We have our  differences as individuals and as politicians, but we have shown great  faith in democracy and its institutions. We have refused to be limited  by our differences. Despite reservations about some of our institutions,  we have refused to submit to despair. This achievement is a testament  to the courage and optimism of the Nigerian people.
As we celebrate this year’s Democracy  Day, I pay tribute to all the men and women who have made our democratic  experience meaningful: the ordinary people who resisted military rule,  and have remained resolute in their embrace of democracy; the army of  Nigerian voters who, at every election season, troop out in large  numbers to exercise their right of franchise; the change agents in civil  society who have remained ever watchful and vigilant.
I pay special tribute also to all  patriots who are the pillars of our collective journey, most especially,  our armed forces who have steadfastly subordinated themselves to civil  authority in the past 13 years. They have continued to demonstrate a  great sense of professionalism. They have discharged their duties to the  nation with honour and valour.  In a sub-region that has witnessed  instances of political instability, authored by restless soldiers, the  Nigerian Armed Forces have remained professional in their support of  democracy.
When General Abdusalami Abubakar handed  over the baton of authority to President Olusegun Obasanjo, in 1999, it  was a turning point for Nigeria. We did not arrive at that turning point  by accident. Many Nigerians laid down their lives for the transition to  democracy to occur.  Some were jailed. Media houses were attacked and  shut down. But the people’s resolve was firm and unshakeable.  This is  what we remember. This is what we celebrate. On this day, I recall  especially the martyrdom of Chief M. K. O.  Abiola, whose presumed  victory in the 1993 Presidential election, and death, while in custody,  proved to be the catalyst for the people’s pro-democracy uprising. The  greatest tribute that we can pay to him, and other departed heroes of  Nigeria’s democracy, is to ensure that we continue to sustain and  consolidate our democratic institutions and processes, and keep Hope  alive.
Let us individually and collectively,  continue to keep the spirit of this day alive. No task is more  important. We must continue to do well as a people and as a democracy.  We must remember where we are coming from, so we can appreciate how far  we have travelled.
When I assumed office as Acting  President, in 2010, on account of the health challenges suffered by late  President Umaru Musa Yar’Adua, there was so much anxiety in the land.  The tone of public debate was febrile. Some persons sought to use the  situation in the country to sow the seeds of discord. My primary task at  that time was to do all that was humanly possible to ensure stability  within the polity. With the support and commitment of patriotic  Nigerians from all walks of life, and the grace of the Almighty God, we  were able to do so.
On May 6, 2010, following President  Yar’Adua’s death, I assumed office as substantive President. I  subsequently presented myself as a candidate for the 2011 Presidential  elections, with a promise that under my watch, the elections would be  free, fair and credible. We kept faith with that promise. On May 29,  2011, I was sworn in as President, the fifth elected leader of Nigeria  since independence. The success of the 2011 elections and the  international acclaim that it generated was due to your patriotic zeal  and commitment. I will like to seize this opportunity to thank all  patriotic Nigerians who stood by us, and have remained unwavering in  their support. These Nigerians understand one thing: that we all have a  duty to protect and promote our country, and that this country belongs  to all of us. Electoral contest is about values. We must not lose sight  of those values that strengthen us as a people. As long as I am  President, I will do my utmost to continue to work hard in pursuit of  the common good.
There are challenges, yes, but we are  working hard to address those challenges. And, by God’s grace, we will  succeed. My confidence is bolstered by the results which we have  achieved in different sectors within the last twelve months.
Our democracy is stable. Its foundation  is strong and firm. Its future is bright. Last year, I had spoken about  the policy of “one man one vote, one woman, one vote, one youth, one  vote”. I am glad to see that the Nigerian people in all elections have  continued to respect the principle of fair play.  Since this  administration came into office, we have gone to great lengths to  strengthen our democratic institutions, particularly the Independent  National Electoral Commission.  There are still persons who believe that  elections should be violent and unhealthy, but they are in the  minority. They will not derail our democracy because the majority of  Nigerians will not allow them to do so.
Following the spate of violence, in some  parts of the country, after the 2011 elections, our administration set  up a committee on post-election violence to among other things,  investigate the causes and nature of electoral violence and make  appropriate recommendations. We will be guided by the White Paper, on  that committee’s report,  in dealing more firmly with electoral violence  and fraud. This will include the establishment of Electoral Offences  Tribunals to deal speedily with established cases of electoral violence.  We cannot afford to treat the success we have recorded with our  democratic experience with levity. Electoral reform is central to our  administration’s transformation agenda. I urge all political parties to  embrace this reform.
Our successful elections, last year,  opened new vistas for Nigeria’s foreign policy. More than ever before,  Nigeria’s achievements have generated a lot of international goodwill  and recognition. We have continued to build on this by further showing  leadership in the sub-region and the African continent. Under my watch  as Chairman of the sub-regional body, ECOWAS, and subsequently, Nigeria  was in the forefront of the efforts to ensure democratic stability in  Niger, Mali, Guinea Bissau, and particularly at a critical moment in  Cote d’Ivoire. Our foreign policy process has proven to be dynamic and  pro-active. Nigeria’s place is secure among many friends in the comity  of nations. We are building on that friendship to open up opportunities  for foreign investments in the Nigerian economy and to provide necessary  support for the vibrant community of Nigerians in the Diaspora.
We will continue to work hard, to turn  domestic successes into a source of motivation for greater achievements  in the international arena. We are fully aware that it is only when our  people are happy and confident that they would be in a good position to  walk tall in relating with others.
Today, I want to talk about what we are  doing and what we have done. I want to reassure you that we are making  progress. But we can also do a lot more. We must. And we will.
Our economic outlook is positive. When I  assumed office last year, there were still fears about the impact of  the global economic recession, and implications for investments. Many  Nigerians were worried about the growing rate of unemployment.  In order  to set Nigeria on a sound and sustainable path toward economic growth,  this administration unveiled a set of priority policies, programmes, and  projects encapsulated in the Transformation Agenda.  These programmes  and policies are aimed at consolidating our budget, fostering job  creation, engendering private sector-led inclusive growth, and creating  an enabling environment for businesses to thrive for the ultimate  betterment of the lives of Nigerians.
Today, progress has been made. The  country’s credit rating is positive, in contrast with many nations being  downgraded.  In 2011, our economy grew by 7.45%. As at mid-May 2012,  our foreign exchange reserves had risen to $37.02 billion, the highest  level in 21 months. We have stabilized and improved our fiscal regime.  We brought the fiscal deficit down to 2. 85% of GDP from 2.9% in 2011.  We reduced recurrent expenditures from 74% to 71% and reduced domestic  borrowing from N852 billion in 2011 to N744 billion in 2012. We cut out  over N100 billion of non-essential expenditure and increased our  internally generated revenue from N200 billion to N467 billion.
For the first time in over a decade, we  now have a draft Trade Policy which provides a multi-dimensional  framework to boost our trade regime and facilitate the inflow of  investments. We have generated over N6. 6 trillion worth of investment  commitments. The total value of our trade is also much higher than the  value estimated the previous year due to deliberate government policies.  To facilitate the ease of doing business in Nigeria, we have a policy  in place to make visa procurement easier for foreign investors, with  safeguards to prevent abuse.
The goal of our administration is to  ensure that every Nigerian can find gainful employment. Given my  dissatisfaction with the prevailing unemployment situation in the  country, our administration has embarked on an ambitious strategy of  creating jobs and job-creators through the launch of several initiatives  mainly targeted at the youths and women.
In October 2011, we launched the Youth  Enterprise with Innovation in Nigeria Programme, designed to encourage  entrepreneurship and provide grants for small and medium scale  enterprises. Over 1, 200 Nigerian youths have benefitted from this  initiative. We have also launched the Public Works Women and Youth  Empowerment Programme, which is designed to employ 370, 000 youths per  annum, with 30% of the jobs specially reserved for women. Let me make it  clear here that our YouWIN programme is designed to nurture and mentor  young entrepreneurs to become major
We are gradually reducing the footprints  of government in business activities through privatization,  liberalization and deregulation based on our recognition that the  private sector should be the engine of growth in our economy. To ensure  that the private sector is well positioned for this task, our  administration has embarked on key structural reforms in the Power  Sector and at the Ports.
To improve reliable power supply, our  administration is judiciously implementing the Power Sector Roadmap,  which is at an advanced stage, to fully privatize power generation and  distribution while reducing the cost of electricity to rural households  and the urban poor.
The commitment of this Administration to  the provision of regular and uninterrupted power supply remains strong  and unwavering.  We all agree that adequate and regular power supply  will be the significant trigger to enhance this nation’s productive  capacity and accelerate growth.  It is for this reason that I remain  optimistic that the reforms we have initiated, the decisions we have  taken so far and the plans we intend to faithfully prosecute will yield  the desired results.
To underline this commitment, three  weeks ago, I convened a special session on Power and gave specific  instructions on the fast tracking of gas production and delivery to  ensure improved availability of power.   I also directed that the power  sector reforms must continue on schedule and that privatization of the  sector must be completed according to plan.
Our approach is two-pronged:  First, is  the immediate repair of power plants, as well as transmission and  distribution infrastructure in the short term.  The second is the  building of institutions and the provision of enablers to attract  investors. We have revived and are accelerating the completion of the  National Integrated Power Projects. We are also building about 4000km of  transmission lines and hundreds of substations. We have completed the  design for the construction of both Mambilla and Zungeru Hydro power  plants which will add about 3, 000 MW to the national grid.
By mid-2010, the national power output  was about 2, 800 MW. By the end of 2011, we reached a peak of more than  4, 000 MW. A National Gas Emergency Plan has also been launched to  redress the problem of gas supply which arose essentially due to poor  planning.
For long-term power availability, we  have strengthened a number of key institutions such as the Nigerian  Electricity Regulatory Commission, the Bulk Trader, the National Power  Training Institute of Nigeria, and others.  We are also working with the  World Bank to provide guarantees for gas and power providers.  The  signing of MOUs with World Leaders in power equipment – General Electric  of USA and Siemens of Germany as well as US  and China Exim Banks for  financial investment, is a clear indication of the level of confidence  which the world investment community has in our power sector road map.
In addition, the privatisation programme  has attracted expression of interest from 131 companies across the  globe.  Our decision to bring in the private sector is clearly intended  to achieve our target of generating and distributing sufficient and  reliable power within the shortest time possible.  With the measures we  have put in place, we will surely achieve success in transforming the  power sector.
We have also focused our efforts on  Ports and Customs reforms to ensure efficiency in the handling of ports  and port-related businesses. Our administration has streamlined  bureaucratic activities at the Ports by reducing the number of agencies  from 14 to 7. We have also reduced the time for the clearance of goods  from about a month, to seven days, with the long-term objective of  ensuring that cargoes are cleared within 48 hours in line with  international best practice. In the meantime, our ports, for the first  time, now open for business for 24 hours.
In the Oil and Gas Sector, our  Administration has charted a new course that will ensure enduring  transparency and accountability. We are re-drafting the Petroleum  Industry Bill (PIB) to ensure it meets the aspirations of all  Stakeholders given the current realities and future expectations in the  global energy landscape. Work on the PIB will be concluded in June 2012  and formally submitted to the National Assembly. Additionally, Special  Task Forces dealing with Governance and Control, Petroleum Revenue and  National refineries are finalizing their work to ensure probity across  the oil and gas sector, and self-sufficiency in refined petroleum  products.
In the Downstream Sector, the Nigerian  Content Development Act, since inception in 2010, has boosted the local  production of line pipes, in-country fabrication tonnage and engineering  support services. As a result, retained in-country spend has grown from  approximately US $1bn to a current estimate of US$4bn, and over US$3  billion Foreign Direct Investment has been brought in for upgrading and  building new yards, altogether generating over 120,000 direct and  indirect jobs.
Capacity utilization of existing  domestic refineries has greatly improved from 30 to 60 percent. We have  commenced the phased plan to return the refineries to 90 percent  capacity utilization with the expected completion of the rehabilitation  of Port Harcourt refinery by the end of 2012, to be followed by Warri  and Kaduna refineries in 2013.
In the Upstream Sector, the April 2012  commissioning of the Usan Deep Offshore Field has increased crude oil  production capacity by 180 thousand barrels per day. Also, Government  continues to support the National Oil Company, NPDC, by assigning 55%  equity in 8 divested blocks which has resulted in increase in reserves  from 350 million barrels to 2.1 billion barrels and 160, 000 barrels of  production. We have also made significant progress in gas infrastructure  development, investing close to US$1bn for the construction of some  1000 km of pipelines, gas supply growth and stimulation of gas  industrialization.  Between now and the third quarter of 2013, Final  Investment Decisions (FIDs) will be made on  gas-based industries, such  as the petrochemicals and fertilizer plants at Koko, the Central  Processing Units (CPF) in Obiafu/Obrikom, and the gas growth projects.  Also, the sum of N11 billion is provided in the 2012 Budget for  Hydro-Carbon exploration in the Lake Chad Basin.
The Gas Revolution initiative will fully  support and sustain domestic power, whilst creating Africa’s largest  gas based industrial park, which on completion will underpin the  creation of over a million jobs and attract over US$16 billion in  Foreign Direct Investment.  To protect the gains of these initiatives  for all Nigerians, we are aggressively addressing the increasing  incidents of crude oil theft and other criminal activities in the  sector.
As a deliberate move, our goal is to  transform Nigeria from a mono-modal economy, to a diversified one. The  sector that we are focusing on to diversify our economy – and one in  which Nigeria has huge comparative advantage – is the agriculture  sector. Agriculture accounts for about 40% of our GDP and over 70% of  all employment. Increases in agricultural productivity will drive down  rural poverty and revive our rural economy.
In this regard, we are aggressively  pursuing an agricultural transformation agenda. Agriculture is no longer  a development programme. We are now treating agriculture as a business,  one that can generate wealth and create jobs for millions of our  youths.
We have implemented major reforms in the  sector, notably in the fertilizer sub-sector. We have ended the  practice of Federal Government procurement and distribution of  fertilizers. This we did because only 11% of farmers get the fertilizers  that are bought and distributed by government. The old system  encouraged rent seekers to collude and deprive farmers of access to  fertilizers, while some of the fertilizers ended up with political  farmers and in neighbouring countries.
Now, the procurement and  commercialization of fertilizers and seeds have been fully deregulated  to the private sector.  We have ended the culture of corruption in  fertilizer procurement.  We must also end the era of food imports.  Nigeria spends over 10 billion dollars every year importing wheat, rice,  sugar and fish alone. This is unacceptable.
Our agricultural transformation agenda  is directed at promoting local production, substituting for imported  foods, and adding value to our locally produced crops. We are recording  successes already. Government’s policy to ensure rice self-sufficiency  by 2015 is already paying off. New rice mills are being established by  the private sector to mill locally produced rice. Ebony Agro Industries  located in Ikwo Local Government Area of Ebonyi State has rolled out its  high quality parboiled rice. In Kano, Umza rice mill has taken off and  can hardly meet demand, while in Benue State Ashi rice has hit the  market. Consumers are buying more of Abakaliki and Ofada rice too.
To further accelerate the local  production and milling of high quality rice, government is facilitating  the import and installation of 100 new large scale integrated rice mills  across the country. This will allow Nigeria, for the first time in its  history, to have the capacity to mill all of the rice that we consume.
Our cassava policy is working, as we  accelerate the pace of utilization of cassava to create markets for  millions of our farmers. Our goal is a bold one: we will make Nigeria,  which is the largest producer of cassava in the world, to also become  the largest processor of high value cassava products in the world.
To further encourage cassava utilization  and value-added products, government will support corporate bakers and  master bakers across the country to use high quality cassava flour for  baking. Last year I announced an increase in tariff and levy on wheat.  To encourage the cassava flour inclusion policy, I now direct that part  of the levy and tariff on wheat be set aside to support the promotion of  high quality cassava flour and composite cassava bread. This will  include support for needed enzymes, technical training and equipment for  corporate bakers and master bakers, as well as accelerated cassava  production.
We have also secured markets for cassava  outside Nigeria, and for the first time ever, Nigeria will export this  year 1 million metric tons of dried cassava chips to China. This will  earn Nigeria 136 million US dollars in foreign exchange. Last week we  also successfully started the commercial use of feed grade cassava  grits, produced locally, for use in our poultry industry.
We are reviving our lost glory in cocoa,  with massive distribution of 3.6 million pods of high-yielding cocoa  varieties for farmers all across the cocoa growing states of the  country. The pods will be provided free of charge. We are reviving  cotton production in the North, as well. I have directed that all seeds  for cotton should be provided, free of charge, to all cotton farmers.
Let me reiterate my personal passion and  commitment to driving the agricultural transformation for Nigeria. The  prosperity of Nigeria must start with improving the living standards of  our farmers, and revitalizing rural economies across the nation. The  newly inaugurated Agricultural Transformation Implementation Council,  which I personally Chair, will further drive our continued revolution of  the sector. Our goal is to add 20 million metric tons of food to our  domestic food supply by 2015 and create 3.5 million jobs. To achieve  this, the appropriate infrastructure to support all-year round farming  through irrigation is being rehabilitated and developed across the  country.
We must use our population to create  markets for what we produce. We must grow local, buy local and eat  local. To promote this, I have directed that all official functions of  government serve local foods, especially our local rice and cassava  bread and other foods. In the State House, I am faithfully keeping to my  promise of eating cassava bread and local rice.
Our administration is committed to the  rapid and beneficial development of our country’s Minerals and metals  potential.  In the last year, we recorded remarkable achievements in  Mines and Steel Development. We increased the number of investors in the  mining sector due to the transparent manner in which titles are now  issued on a “first come-first served and use it or lose it basis.” A  total of 2,476 active mineral titles were issued compared to 666 titles  issued out in the previous year, thereby reducing, significantly,  illegal mining activities. About 350, 000 additional jobs were created,  arising from the activities of newly registered operators. We have  initiated a programme to support private steel production outfits. This  has resulted in an increase in production figures for steel and other  metals to over 1 million tonnes.
It is our collective desire as Nigerians  to improve the standard of education. We are particularly aggressive in  addressing this challenge. As a former school teacher, I know that it  is not enough to create jobs; we must develop human capacity, and train a  generation of Nigerian children with better competencies and skills.  This will grant them the edge that they require to compete in a  skills-driven global economy, and by extension, strengthen our national  competitiveness index.
I want every Nigerian child to have an  opportunity to receive quality education and acquire useful skills. We  are reforming the education sector from basic to tertiary level. The  Federal Government recently launched the Almajiri Education Programme to  reduce the number of out-of-school children which currently stands at  about 9 million. Similar programmes will soon be introduced in various  parts of the country. At the tertiary level, it is the policy of this  administration that every State will have a Federal University.
To this end, we have established within  the last year, nine (9) new Federal Universities and licensed nine (9)  new private universities, bringing the total number of universities in  the country to 124. Even with this, there is still the challenge of  getting adequate admission space for prospective undergraduates. While  we are addressing this, the Federal Government is also conscious of the  fact that our universities need to be better equipped, particularly with  well trained teachers. Government is, therefore, working on a programme  to provide scholarships for Nigerians who are interested in academics,  to enable them obtain their Doctorate degrees within and outside the  country.
In addition, the Federal Government has  launched a Special Presidential Scholarship Scheme for our best and  brightest brains. We are selecting the best out of our First Class  graduates in various disciplines, especially engineering and science.  They will be sent for post-graduate studies in the best universities in  the world, with the expectation that this will lay the foundation for a  desirable scientific and technological revolution that will take Nigeria  into Space in the not too distant future.
One of the first steps taken by this  administration was the creation of a Ministry of Communications  Technology. Its mandate includes the design of programmes and  initiatives to deploy ICT as a driver of sustainable growth and the  training of skilled manpower. For our country to remain relevant, we  need to adequately educate our people, as it is through education that  we can turn our people into assets that can help Nigeria compete  globally, and create jobs in the new knowledge economy.
By the same token, the Ministry of Niger  Delta Affairs is providing training opportunities for the youths in the  Niger Delta. In the past year, a total of 704 youths have been sent for  training, abroad and locally, in various fields of endeavour, including  agriculture, petroleum engineering, commerce, tourism, and maritime  studies.  Nine skills centres are being built, one in each of the nine  states of the Niger Delta; three of them will be completed this year.
An efficient and affordable public  transport system remains a priority of this Administration. Our  transformation agenda in the road sector which seeks to deliver better  and safer roads to Nigerians, as well as to link the six geo-political  zones in the country with dual carriageways, is very much on course.  There has been increased construction activities in the ongoing  dualisation of Abuja–Abaji–Lokoja Road, Kano–Potiskum–Maiduguri Road;  the Benin–Ore–Shagamu Expressway; the Onitsha–Enugu Expressway; and the  construction of the Loko–Oweto bridge, across River Benue.
Work has been slow on the East-West road  due to budgetary constraints, but government will discharge all  liabilities to contractors before the end of June, and funds for the  remaining part of the year, will be provided to accelerate the pace of  work. In other parts of the country, about 21 other road projects are in  different stages of completion. These include the Yola–Numan road,  Aba–Owerri road, Owerri–Onitsha expressway, Oyo–Ogbomosho old road, and  the Gombe-Potiskum road. Many others are at different stages of  completion.
Government is also currently  rehabilitating about 3,000 kms out of the 3,505 km existing narrow gauge  rail lines across the country. The Lagos-Kano corridor will be  completed this year, while the Port Harcourt-Maiduguri corridor, which  has equally commenced, will be completed by the end of 2013.  We have  also commenced the construction of the Abuja–Kaduna segment of the  Lagos–Kano standard gauge rail lines, while the Lagos–Ibadan segment  will be awarded this year. The Itakpe–Ajaokuta–Warri standard gauge rail  line is nearing completion with the entire tracks completely laid.
To enhance sustainability in the rail  sector, this Administration has signed a Memorandum of Understanding  with General Electric (GE) to establish a locomotive assembly plant in  the country.  Our goal is to make Nigeria a major hub in West and  Central Africa.
Within the last 12 months, we completed  the capital dredging of the Lower River Niger from Warri (Delta State)  to Baro (Niger State) to boost our inland water transportation. This  year, work will commence on the dredging of the River Benue in addition  to the construction of River Ports at Baro (Niger State), Oguta (Imo  State), and Jamata/Lokoja, (Kogi State). The Onitsha River Port in  Anambra State, equipped with modern cargo handling equipment, has been  completed and I shall be commissioning the project in the next few  weeks.
The Aviation sector remains pivotal to  our economic growth. Within the last year, we have developed a road map  for the restoration of decaying facilities and infrastructure, some of  which had not been attended to since they were first constructed over 30  years ago. Currently, we are renovating airports across the country and  have begun the development of four new international terminals at  Lagos, Port Harcourt, Kano and Abuja.  We have also reviewed our  Bilateral Air Service Agreements to ensure improved service delivery,  and more customer-friendly processes. We are working to ensure that  within the life of this Administration, the aviation sector in Nigeria  will be transformed into a world class and self-sustaining provider of  safe, secure and comfortable air transportation.
Globally, the role of women in  governance has assumed great significance. In Nigeria, it is also widely  acknowledged that women who constitute about half of the Nigerian  population are great and invaluable assets, in both the public and  private spheres.  On our part, we have demonstrated serious commitment  in further empowering women and projecting their role in public life.  Out of the 42 members of the Federal Executive Council, 13 are women,  heading major Ministries of Government.
Last week, I appointed the first female  Chairman of the Federal Civil Service Commission. In the Armed Forces,  female cadets have been admitted into the prestigious Nigerian Defence  Academy, an institution that was hitherto an exclusive preserve of men.  The first set will graduate in 2016.  This year, we reached a  significant milestone as the Nigerian Air Force produced the first  Nigerian female combatant pilot. Our administration will continue to  empower women and the girl-child as a focal point of our Transformation  Agenda.
More than anything else, health  matters.  We are upgrading the country’s tertiary health facilities to  bring them up to international standards. We have increased funding for  health-related MDGs. We are also committed to reducing maternal and  infant mortality, and to eradicating polio completely by 2014.
I want to reassure all Nigerians that  this administration remains committed to waging a sustained battle  against the menace of corruption. In the last one year, we have taken  specific steps to reduce opportunities and avenues for corruption, and  to strengthen the capacity and integrity of our institutions.  For  example, our ports reform programme has reduced the number of agencies  at the ports which hitherto frustrated the speedy clearance of goods at  the ports. We have also cleared the stretch of trailers and lorries  blocking the Apapa Expressway. We have put an end to the fertilizer and  tractor scam that once dominated the agricultural sector. Our review of  the pension payment system has also blown the whistle on corrupt  practices which are now being addressed.
Within the last one year, we set up a  committee to identify leakages and waste in the Ministries, Departments  and Agencies. I am confident that the implementation of the  recommendations of that committee will help to eliminate corruption  channels within the system, and improve the efficiency of the public  service. In January, we announced a policy of deregulation in the  downstream sector, but this was misunderstood by naysayers and reduced  narrowly to a fuel subsidy removal initiative, whereas the policy was  designed to completely eliminate the grand corruption in the downstream  sector, and create the necessary incentives for private sector  investment.
We have strengthened the leadership of  the Economic and Financial Crimes Commission (EFCC) and the Independent  Corrupt Practices Commission (ICPC). Both agencies are being  re-positioned for more effective service delivery. We will continue to  strengthen the law enforcement and anti-corruption agencies for optimal  performance.  We will also need the support of our courts. The courts  have to do more.
Terrorism, a new menace, totally alien  to our way of life and culture, has reared its head and is posing a  serious challenge.  My thoughts and prayers go  to the victims of the  terrorist attacks, and their families.
As President, it is my solemn duty to  defend the Constitution of this country.  That includes the obligation  to protect life and property. We are doing everything possible to check  the menace of terrorism.  In this regard, we are determined to review  some of the existing laws, to further strengthen the national  counter-terrorism strategy. Coordinated joint action among our security  agencies has now assumed greater importance.  We have developed a new  security architecture to strengthen the security environment.
I wish to reassure every Nigerian that  we will confront this threat against our collective peace and security,  and bring the perpetrators to justice. We will confront the few  misguided persons who falsely believe, that through violence, they can  impose their agenda of hate and division on this nation of good people.  We must confront all those who think they can derail us by engaging in  indiscriminate violence and mass murder, perpetrated in places of  worship, in markets and public places, against the media, and security  personnel. Nigeria is a nation of resilient people. We will never yield  to the forces of darkness. Nigeria will never, ever, disintegrate.
Let me end this address at the point  where I began. What matters most to all of us, is Nigeria. It is what  binds us together. We have a duty to be loyal to our country. If we  believe this to be a sacred obligation, it will not matter whether we  are Christians or Muslims, or politicians, irrespective of political  parties or divide. It really will not matter whether we are civil  society agents, social activists or union leaders.  What matters is  Nigeria. This nation exists because we are one. We must, therefore,  remain as one family, and work together to defend our country.
Within two years, it would be exactly  100 years since the Northern and Southern protectorates were amalgamated  and Nigeria was born. We need a lot more introspection, even as we look  forward. We must take steps to heal the wounds of the past and work  together, as a people with a shared destiny under one flag. We must  strengthen our collective memory, draw strength from our history, and  build bridges of unity to take our country to greater heights.
This is what we should do. And we must.  As a starting point, we must draw strength from our history and work to  ensure that the labour of our heroes past is not in vain. It is partly  for this and other reasons, that I have directed, as part of the  activities marking today’s Democracy Day, that all due processes should  be initiated for the building of a Presidential Museum in Abuja, the  Federal Capital Territory. This Museum will document the lives and times  of Nigeria’s Presidents and Heads of Government since 1960, and remind  us, by extension, of the high points of our national history.
It is also in this regard that the Federal Government has decided that late Chief M.K.O. Abiola   be honoured, for making the ultimate sacrifice in the pursuit of  justice and truth. Destiny and circumstances conspired to place upon his  shoulders a historic burden, and he rose to the occasion with character  and courage. He deserves recognition for his martyrdom, and  public-spiritedness and for being the man of history that he was.  We  need in our land, more men and women who will stand up to defend their  beliefs, and whose example will further enrich our democracy. After very  careful consideration, and in honour of Chief M.K.O. Abiola’s  accomplishments and heroism, on this Democracy Day, the University of Lagos, is renamed by the Federal Government of Nigeria, Moshood Abiola University, Lagos. The Federal Government will also establish an Institute of Democratic Studies and Governance in the University.
Thank you.
God bless you.
God bless the Federal Republic of Nigeria.

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