Press Release: There is now a New Orientation To Grow Business In Nigeria – VP Osinbajo

“I think a new orientation has been birthed which is that as bureaucrats, we are meant to facilitate trade and commerce and business in our environment”, says Vice President Yemi Osinbajo, SAN.

Speaking today at the State House to heads of Federal Government regulatory agencies at a meeting convened to review the implementation of the Micro Small and Medium Enterprises Clinic (MSME Clinic) in the out-going year, the Vice President congratulated the implementing agencies saying “ I think that a tremendous improvement we’ve seen in the quality of service to the people is worthy of commendation and I want to congratulate you all.”

The Vice President told the implementing agencies not to rest on their laurels noting “next year will also be a more intense period where we will be required to double our efforts.”

Vice President Yemi Osinbajo later presented certificate of recognition to agencies who contributed to the success of the MSME Clinics namely; Federal Inland Revenue Service (FIRS), Bank of Industry (BOI), Corporate Affairs Commission (CAC), Small and Medium Enterprises Development Agency (SMEDAN), National Export and Import Bank (NEXIM), National Food and Drugs Administration & Control (NAFDAC), Standard Organisation of Nigeria (SON) and Nigerian Export Promotion Council (NEPC) as well as the project coordinator, Brown Valley Partners Ltd.

Earlier at the review session chaired by Minister of State for Industry, Trade and Investment, Aisha Abubakar, the heads of agencies namely Federal Inland Revenue Service (FIRS), Bank of Industry (BOI), Corporate Affairs Commission (CAC), Small and Medium Enterprises Development Agency (SMEDAN), National Export and Import Bank (NEXIM), National Food and Drugs Administration & Control (NAFDAC), and Nigerian Export Promotion Council (NEPC), during their various presentations lauded the visionary leadership of the Vice President, commending him for ensuring that the clinics were held in 11 (eleven) cities across the six geo-political in the country.

It would be recalled that the MSME Clinics was launched by Vice President Yemi Osinbajo on Januray 24 in Aba, Abia State. It was conceived in view of the Buhari administration’s consideration of MSME space as critical to the growth and diversification of the nation’s economy from oil given its capacity as a potential contributor to the GDP.

The Clinics are driven by the Presidency and the Federal Ministry of Industry, Trade and Investment in conjunction with 14 MDAs which are critical to the operations of MSMEs in Nigeria.

Laolu Akande
Senior Special Assistant to the President (Media & Publicity)
Office of the Vice President
December 19, 2017

Press Release: All Those Found Guilty in Osborne Towers Scandal Will Be Sanctioned – President Buhari

President Muhammadu Buhari Tuesday in Abuja said all those found culpable in the Osborne Towers scandal will be made to account and appropriately sanctioned.

Receiving a report of the panel established to review the operational, technical and administrative structure of the National Intelligence Agency (NIA), President Buhari described the discovery of monies in the flat at Osborne Towers, Ikoyi, Lagos, in April this year, as an ‘‘unfortunate incident which rightly aroused public interest and outcry.’’

‘‘All the circumstances surrounding the obtaining, keeping custody and disbursement of the funds have been examined by the Vice President’s Committee and all those found to be culpable will be made to account and appropriately sanctioned.

‘‘However, it must be understood that this cannot be done in a manner that jeopardises national security or exposes the operations of any intelligence Agency, which must, by nature be conducted in secrecy.

‘‘Suffice it for me to assure all that justice will be done consistent with our anti-corruption policies,’’ the President said.

President Buhari, while commending the Presidential Review Panel on NIA led by Amb. Babagana Kingibe, former Minister of Foreign Affairs, for completing their assignment expeditiously, expressed the hope that the recommendations of the panel and that of an earlier Committee headed by the Vice President to look into the Osborne matter will assist Government in improving the operations of the NIA and the overall National Security architecture.

‘‘Your Panel’s recommendation, informed as they are by your collective experience and expertise in this field, should in particular help to reposition the NIA to better perform its vital functions with greater professionalism.

‘‘The Osborne Tower incident and its aftermath has also brought to the fore the need to review the entire National Security Architecture, which has now been in operation as established 31 years ago.

‘‘Once again, I thank you very much for undertaking this national assignment, ’’ he said.

Vice President Yemi Osinbajo was present at the presentation of the report by the panel which has Chief Albert Horsfall, Amb. Zakari Ibrahim and Amb. Ezekiel Oladeji, as members.

Femi Adesina
Special Adviser to the President (Media & Publicity)
December 19, 2017

Press Release: Working Together Will Boost Economic, Technological Growth, VP Osinbajo Tells Young Innovators

Nigeria’s youths will achieve more if they collaborate more on projects that will benefit them and also boost the nation’s capacity in innovation and technology, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo said this when he received a delegation of young Nigerian innovators and beneficiaries of grants from the Growth and Employment (GEM) Project, an initiative of the Federal Government under the Federal Ministry of Industry, Trade and Investment, which is supported by the World Bank and the DFID.

In furtherance of the Buhari administration’s economic empowerment initiatives, the project empowers young Nigerian innovators and entrepreneurs with sustainable and innovative business models that will create more jobs for Nigerians and contribute to the nation’s economic growth.

“I am happy that everyone is a co-founder; it speaks to what we say about collaboration and working together, and also with international players,” the Vice President said.

At the meeting, the young entrepreneurs showcased their business models during short presentations to Vice President, who commended them for their efforts and engaged them with questions on the sustainability of their laudable projects.

It will be recalled that the innovators were selected following the Aso Villa Demo Day (AVDD), a technological innovation competition organised by the Presidency earlier in the year.

Also, at the meeting was the Minister of Health, Prof. Isaac Adewole.

In his remarks, the Project Coordinator of the GEM Project, Mr. Ugo Ikemba, thanked the Vice President for all the support the Buhari administration has given to the project since its inception. He said the project will continue to find platforms to support Micro, Small and Medium Enterprises (MSMEs) by enabling them get more access to funding.

In the same vein, the Director-General of Nigerian Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, thanked the Presidency for providing leadership that supports and empowers young Nigerians to dream and innovate.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
18 December, 2017

Speech: VP Osinbajo’s Address at the 10th Anniversary Celebration of the Fisheries Committee for the West Central Gulf of Guinea in Abuja

It is my pleasure and privilege to express the warm felicitations of the Government and people of Nigeria to you all on this occasion of the Tenth Conference of Ministers and the Tenth Anniversary of the Fisheries Committee for the West Central Gulf of Guinea (FCWC). Please accept also, our congratulations on the occasion of your tenth anniversary.

Let me also extend the gratitude of the Government and people of Nigeria, to the FCWC for giving us the opportunity to host this anniversary, I’m told this is the second time Nigeria is hosting this yearly meeting and I hope we will be given the chance to host it frequently.

It is important to remind ourselves of the objectives of this regional body, which includes the strengthening of sub-regional cooperation in fisheries management, monitoring, surveillance and enforcement operations; and the development of the capacity of small-scale fishing operators in member countries, to create sustainable livelihoods.

On the matter of small-scale fishing operators, a point that we cannot overlook, is that most of our national economies thrive largely on the combined energy of multitudes of individual entrepreneurs and small businesses – farmers, fishermen, artisans, traders. Our policies and programmes as governments must therefore, be directed towards supporting the aspirations and ambitions of these small-scale-but-big-energy entrepreneurs.

All six member-countries also need to deepen strategic cooperation, to harness the enormous fisheries potentials in the Gulf of Guinea for the benefit of our people. I implore the secretariat of the FCWC to prioritize the speedy sharing of information between member states, in order to more effectively checkmate the activities of foreign vessels fishing illegally within our territorial waters.

Your Excellencies, it is in the common and vital interest of our nations that we continue to give the FCWC our full support for the sustainable management of our fisheries resources.

On the part of Nigeria, we will continue to play our role in the support of FCWC. In line with this, I am happy to inform you that we have paid almost about $200,000 of our debt to the FCWC this year. I say the figure just to encourage everyone else, to toe the line of repaying debts as quickly as possible.

The safety of Nigeria’s maritime waters is also of principal concern to us. To this end, President Buhari has approved the purchase of some patrol vessels for the Department of Fisheries, which will be managed in collaboration with the Nigerian Navy.

These vessels will boost the search and rescue capacities of the relevant security agencies, deter illegal fishing, prevent illegal Unreported and Unregulated (IUU) Fishing, and help secure our vessels at sea.

In the Northeast of Nigeria, terrorist activities of Boko Haram have devastated a fishing industry that has historically supplied much of West Africa. President Buhari earlier this year, approved the establishment of a Lake Chad Naval Base, to boost security, and fast-track the restoration of deprived livelihoods in that zone.

The theme of this conference which is: “Investing for Growth and Sustainability for Fisheries in West Africa” is an important one, both in terms of sharing experiences and laying out our aspirations for the economic well-being of our people.

Perhaps I might ask that you indulge me for a minute to share some of our success in agriculture and investments generally. Agriculture and aquaculture in particular, is easily one of the most critical of the multiple engines that will help diversify our economies, and create jobs and prosperity, especially for our young people.

We have focused on agriculture as being the pathway for sustainable growth for our people, and providing much needed jobs for the hundreds of thousands of young people graduating from various levels of our educational institutions. We think that fisheries and the whole aquaculture economy, will supply what we need in terms of opportunities for several of these young people and there are several initiatives we are proffering which the Ministry of Agriculture has been leading in the past few months.

I’m pleased to note that our efforts to reduce fish imports and increase local fish production, by encouraging the private sector to invest in aquaculture, is yielding positive results. Our domestic fish production in the last two years has increased from 450,000 metric tons to 1.1million metric tons.

This is no doubt regarding the result of the work we’re doing to encourage and enable investment in Nigeria. Our conviction is that Nigeria’s economic revolution must be led by private capital, and that government’s primary role is to create the enabling environment for commerce to thrive unhindered and this has greatly assisted our work in this respect.

We have worked quite hard, to ensure that we create the environment for investments; small, medium-sized and large investments.

We have worked at this especially in the last one year, by implementing a series of reforms that have earned us a place on the World Bank’s list of top ten most improved economies in 2017, from a business climate improvement perspective.

These reforms range from simplifying registration processes for new businesses, to making it easier for investors and entrepreneurs to access credit, to implementing a visa on arrival scheme that takes just about 48 hours to process. We are also effecting reforms aimed at easing bottlenecks in our seaports, for the benefit of importers and exporters.

Many of these reforms are in nascent stages, we are working daily to improve and fine-tune them. We have realized that we need to have an enabling environment, not just for foreign investments, but in particular for local investments to thrive. It is when local investments thrive that foreign investors may then feel enabled and inspired to come in to invest. Our focus is ensuring local investments thrive through several of the initiatives we have introduced.

I would like to reiterate the philosophy behind these reforms; Nigeria is open for business and investment. We would like to see investors take us up on this pledge. You’re very likely aware that there is a great deal of opportunity in Nigeria’s aquaculture industry – the size of our domestic market and our status as a gateway to West Africa together constitute a compelling business case.

On this note, let me once again express the sincere gratitude of the Nigerian government and people of Nigeria to the FCWC for giving Nigeria the opportunity to host you all. I hope that all the visiting Ministers and delegates have in the last few days, found the time between the busy sessions to experience and enjoy the beautiful scenery and warm hospitality of Abuja. If you have not, there is still a bit of time to catch up on that.

I trust that you have had successful and result-oriented deliberations so far, and that this Ministerial Conference will be ending on a fulfilling and productive note.

Thank you very much and God bless you all.

Released by:
Laolu Akande
Senior Special Assistant to the President on Media and Publicity
Office of the Vice President
December 15, 2017

Press Release: President Buhari Stresses Accountability, Good Neighbourliness In Meetings With ECOWAS and AU Commission

President Muhammadu Buhari Friday met with the President of ECOWAS Commission and Chairperson of the African Union Commission, at State House, Abuja, during which he emphasized the need for accountability and good neighbourliness in both the sub-region, and on the African continent.

Receiving first His Excellency Marcel A. de Souza, president of the ECOWAS Commission, President Buhari said it was gladdening that the organization was demanding accountability from its headquarters staff, which made it recently invite the Economic and Financial Crimes Commission (EFCC) from Nigeria, to look into its books.

“Thanks for being firm, and for insisting on transparency and accountability at the ECOWAS headquarters,” President Buhari said, adding that Nigeria would continue to fulfill its obligations to the sub-regional body.

Nigeria hosts the 52nd Ordinary Session of the ECOWAS Authority of Heads of State and Government Saturday, December 16, 2017, in Abuja.

President Buhari said he expected a formal report on the situation in Guinea Bissau at the meeting, noting: “We need our troops back home, and I hope the President of that country will accept a constitutional way to resolve the situation there.”

The ECOWAS Commission boss thanked Nigeria for agreeing to host the 52nd Ordinary Session at short notice, adding that the impact of Nigeria was quite strong in the organization.

“We are under financial pressure due to terrorist attacks in the sub-region, but Nigeria being out of recession will have an impact on the entire region,” de Souza said.

He noted that Nigeria was the highest contributor of troops to Guinea Bissau, but admitted that “the troops can’t be there endlessly.”

At the meeting with His Excellency Moussa Faki Mahamat of the African Union Commission, President Buhari said good neighbourliness and relationship were important for security and economic development.

“That was why I visited all our neighbours. Such relationship is crucial for security, and economic development, so that our youths can get jobs,” the President noted.

On the situation in Libya, President Buhari reiterated that not every Black man was a Nigerian, and it was, therefore, important to authenticate the origin of the people in distress, before they were evacuated.

“We are trying to bring as many as possible from Libya. But not every Black man is a Nigerian. Others claim to be Nigerian, when they are not, and because they have destroyed their travel papers, we can’t claim them, except there is proper documentation,” the President said.

On recharging of the Lake Chad, which he has been in the vanguard of across the world, the President submitted: “The earlier we get it done, the better, so that our youths don’t continue to dare the Sahara Desert and the Mediterranean Sea.”

The AU Commission boss congratulated President Buhari for what he was doing for Nigeria, and for Africa. His words:

“Without President Buhari, and without Nigeria, many things would not have been possible. I appreciate the role you played in my election, and all that you do in ECOWAS, Lake Chad Basin Commission, and the entire continent.

“We follow your battle against corruption, and it is not by chance that you have been chosen by other African leaders to champion the battle in 2018.

“Your commitment is notable, and I seek your support for reforms that we intend to introduce in AU. Your guidance is vital. We need Africa to speak with one voice, and the voice of Nigeria is preponderant.”

Femi Adesina
Special Adviser to the President (Media and Publicity)
December 15, 2017

Factcheck: Programme To Provide Uninterrupted Power Supply For University Students, Not A Mere ‘Streetlighting’ Project – Ministry

Contrary to a report by Punch Newspaper, the misrepresentation of the Energizing Education Programme (EEP) as merely a “solar-powered streetlight project” is false.

Serving as a critical investment in the education sector, the EEP seeks to reinvigorate the system through electrifying 37 federal universities and 7 university teaching hospitals, with the Independent Power Plants (IPPS).

In addition to providing rural electrification- areas where these institutions are located, the EEP will partner with world- class schools in facilitating training on renewable energy; and provide security on campus through the installation of streetlights.

The installation of streetlights is only a small component of the Energizing Education Programme (EEP).

Other components of the program include: provision of off grid captive power plants for these institutions and rehabilitation, strengthening and extension of the existing electricity distribution networks.

The EEP will provide access to power in Phase I to a population of 224,800 people in 9 Federal Universities and one Teaching Hospital across the six geopolitical zones of Nigeria- Abubakar Tafawa Balewa University–Gubi Campus, Bauchi State; Bayero University–New Campus, Kano State; Usman Danfodiyo University–Main Campus, Sokoto State; Federal University of Agriculture, Makurdi, Benue State; Federal University, Ndufu-Alike Ikwo, Ebonyi State; Nnamdi Azikiwe University-Awka Campus, Anambra State; Federal University of Petroleum, Delta; Obafemi Awolowo University, Osun State; Obafemi Awolowo University Teaching Hospital, Osun State; University of Lagos, Lagos State.

Signed:
Ministry of Power, Works And Housing
15th December, 2017

Press Release: NEC 83rd Meeting

An update of the ongoing forensic audit of revenue accrued from revenue generating agencies and meant for the Federation Account was given today at the National Economic Council, NEC meeting presided over by Vice President Yemi Osinbajo, SAN.

The Chairman of the Ad Hoc Committee of NEC on the audit, Governor Ibrahim Dankwambo, of Gombe State said the forensic audit is ongoing and assured Council that the full detail of the report would be ready in January, 2018.

He mentioned the Nigerian Customs Service and the National Communication Commission as the two agencies that are now being audited in a review that has included other agencies including NNPC.

The report is expected to detail the extent of revenue meant for the Federation but never made it to the Consolidated Account under the past administration.

This was one of the highlights at the monthly NEC meeting earlier today at the Council Chambers of the Presidential Villa, Abuja.

Also the details of inflows and outflows of special accounts of the Federal Government would be provided beginning from 2015 to date, according to the Minister of Finance, Mrs Kemi Adeosun.

The Minister also disclosed that several States have not been complying with conditions for the Budget Support facility as agreed under the Fiscal Responsibility Plan.

She added that particular states are yet to publish the mode of their financial disbursement, while some others have also not completed the Biometric Data of their staff list as agreed by the Council.

The Fiscal Responsibility Plan endorsed last year by NEC details the conditions State governments are expected to meet to qualify for FG’s Budget Support Facility which ranges from N800m to over N1B per State, per month.

BELOW ARE HIGHLIGHTS OF TODAY’S NATIONAL ECONOMIC COUNCIL MEETING PRESIDED OVER BY VICE PRESIDENT YEMI OSINBAJO, SAN

(10TH IN 2017) 83rd NEC MEETING – THURSDAY, 14th DECEMBER, 2017

UPDATE ON FORENSIC AUDIT OF REVENUE ACCRUED FROM REVENUE GENERATING AGENCIES (RGAS) INTO THE FEDERATION ACCOUNT, EXCESS CRUDE ACCOUNT AND CONSOLIDATED REVENUE FUND BY THE CHAIRMAN OF THE COMMITTEE, GOVERNOR OF GOMBE STATE,

His Excellency the Governor of Gombe State, and Chairman of the Forensic Audit Committee, Dr. Ibrahim Dankwambo, informed Council that the audit firm Messrs. KPMG, is still conducting the forensic audit of some establishment and that a full report will be ready by January 2018.

UPDATE ON THE BALANCE IN THE NATURAL RESOURCES DEVELOPMENT FUND

Council was informed by the Accountant-General of the Federation that the balance in the Natural Resources Development Fund Account as at 13th December, 2017 stands at N106.984 billion.

REPORT ON EXCESS CRUDE ACCOUNT (ECA)

The Accountant-General of the Federation also informed Council that the balance in the ECA as at 13th December, 2017 stands at $2.317 billion.

UPDATE ON THE CURRENT BALANCE OF THE STABILIZATION FUND ACCOUNT

The Accountant-General of the Federation informed Council that the balance in the Stabilization Fund Account as at 13th December, 2017 stands at N7.78 billion.

UPDATE ON BUDGET SUPPORT LOAN FACILITY

Council was informed that payment for the months of June, July and August to States has been effected, and that preparations are underway to do same for the month of September, 2017.

GENERAL COMMENTS ON SPECIAL ACCOUNTS

Council would be furnished with details of inflow and outflow beginning from 2015 to date regarding some of these special accounts: stabilization fund Account and Natural resources development fund

The Honourable Minster of Finance informed Council that the Budget Support facility to States is based upon certain conditions as agreed to under the Fiscal Responsibility Plan. But most of the States are yet to comply, she added. She said most of the States are yet to publish the mode of disbursement and most of them also have not completed the Biometric Data of their staff list as agreed in Council.

A. PRESENTATION ON CURRENT DEVELOPMENTS IN THE WATER RESOURCES SECTOR BY THE HONOURABLE MINISTER OF WATER RESOURCES

The Honourable Minister of Water Resources, Engineer Suleiman Adamu, presented a memo to Council, asking for urgent steps and action in the water sector if the country is to overcome the challenges of water supply, sanitation and water governance issues, as well as achieve the 2030 targets of the Sustainable Development Goals (SDGs) on water supply and sanitation.

He informed Council that Nigeria is lagging behind in terms of water supply, with access to pipe-borne water dropping from 32% in 1990 to less than 7% in 2017, with a corresponding increase of 25% in open defecation and the

prevalence of water-borne diseases.

He told Council that an estimated investment of N1.9 trillion is needed in the next 15 years to meet the SDGs by 2030.

He outlined a three-phase Action Plan to revitalize the water, sanitation and hygiene sector to include the following:

(a) A 12-month emergency plan beginning from the 2nd quarter of 2018 to April 2019.

(b) A five-year recovery programme to last up to 2022

(c) A 13-year revitalization strategy that will last till 2030

These plans, he said, will involve the urgent establishment of an institutional and funding framework for Water Supply, Sanitation and Hygiene (WASH) Services, and the engagement of Urban and Rural (WASH) sectors on an accelerated development path towards 2030.

The plan also calls for tripling the current investment in water supply, establishment of a WASH fund, fast-tracking the development of the National policy on Sanitation and the presidential launch of a National Sanitation Campaign to eliminate open defecation.

Furthermore, the plan is seeking the massive rehabilitation of existing infrastructure in the sector, and sectoral reform towards cost recovery and promotion of private sector participation in the sector, all aimed at taking care of the estimated 182 million population.

The National Water Reserves Bill now before the National Assembly provides for the establishment of Catchment Management Committees, with representatives of States within each hydrological area as permanent members.

In a similar development, the Minister informed Council that Nigeria requires an average annual investment of N59 billion to attain 78,000 hectares of planned irrigation by 2019, and a total of N1.5 trillion to attain 500,000 hectares of irrigation by 2030.

Council was also informed that the River Basin Development Authorities across the country are undergoing structural reforms towards partial to full commercialization.

Council thanked the Minister of Water Resources and urged collaboration between stakeholders in the approach to National Water Supply.

ANY OTHER BUSINESS (AOB)

SECURITY

The Chairman Governor’s Forum, Alhaji Abdullazeez Yari, informed Council that Governors have offered to contribute over $1 billion to support Military Operations in the North East. Governors said money should be taken from the ECA.

SGF/SSG’S RETREAT

The SGF informed Council that there will be a retreat in the coming days, 18th – 19thDecember, between the SGF and all Secretaries to the State Governments for better collaboration on issues of security and governance in all tiers of government.

FUEL SUPPLY

Honourable Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, told Council that fuel queues will disappear nationwide in the next 48 hours. All logistic arrangements to this effect have been concluded. He assured that there is enough fuel in the strategic reserve to last till the end of January.

In his closing remarks at the meeting, His Excellency, the Vice President, wished the Governors and the people of their States Merry Christmas holiday as the meeting is the last in the year.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
14 December, 2017

Speech: President Buhari’s Address at the International Climate Change Summit in Paris

I would like to thank His Excellency Mr. Emmanuel Macron, President of the Republic of France, the United Nations Secretary-General and the President of the World Bank Group for convening this high-level Summit on the issues of financing climate actions and aligning financial flows in order to reach the objectives of the Paris Agreement.

The adverse impacts of climate change such as temperature rise; erratic rainfall, sand storms, desertification, low agricultural yields, drying up of water bodies like Lake Chad, gully erosions and constant flooding are a daily reality in Nigeria. This reality is most felt by the highly vulnerable communities who lack the capacity to cope.

Excellencies
Since the adoption of the Paris Agreement, we have been strengthening our national efforts towards the implementation of the Agreement and the Marrakech Call for Action. We have already ratified the Paris Agreement in May 2017 and, thus, we have pledged, under the Nationally Determined Contribution to reduce our emission by 20% by 2020 and 40% by 2030.

In our efforts to deliver on these pledges, we are tightening the existing governance structure in Nigeria for more effective implementation of climate change activities, including the additional responsibilities that are consequent on the adoption of the all-encompassing climate change treaty.

In collaboration with the European Union, we have also developed a robust National Monitoring, Reporting and Verification framework to meet the Agreement’s requirements. Further, Nigeria has developed the Sectoral Implementation plans for some priority sectors; namely: Oil and Gas sector, Agriculture and Land use, Power, and Industrial Energy Efficiency. For each of these sectors, we have assessed and selected key policies and measures that would enable the country to meet its commitments based on their cost effectiveness, poverty reduction and mitigation, and job creation potential.

We have considered the feasibility of implementation, potential to deliver short-term results, gender and social inclusiveness, enhancing healthy environment and minimal impact on land use and deforestation, as well as environmental benefits.

Actualising these plans over the next 15 years, Nigeria on its own will achieve 20% emissions reduction below Business As Usual. With international support, we can achieve 45% emission reduction by 2030.

Excellencies
Nigeria recognizes that ensuring sustainable funding is a major constraint in efforts to implement the Nationally Determined Contribution. To respond effectively to climate change mitigation and adaptation challenges, critical mass of financial resources beyond what we can provide from our national resources will be required.

We have embraced the issuance of the green bond as an innovative and alternative source of projects funding that would help reduce emissions and provide robust climate infrastructure, such as renewable energy, low carbon transport, water infrastructure and sustainable agriculture in line with the Paris Agreement.

But we cannot do this alone. While we have ambitious plans, having just come out of recession, we are under no illusion of the challenges that we face in Nigeria. Recalling that the success of COP21 was hinged on the strategic“$100 billion by 2020”, it is therefore pivotal for countries like Nigeria for the promise be kept if we are to meet our Nationally Determined Contribution obligations. Simply, we cannot implement our Nationally Determined Contribution without adequate financial, technical and capacity building support from the developed countries.

And this support must be sustained on a long term basis. The changes that Nigeria, and other developing countries need to make cannot be undertaken overnight. Indeed, we require some fundamental restructuring of our economy. In this process, technology will be a powerful tool to simultaneously address climate change and advance development.

In Nigeria, Government is actively promoting technologies and practices such as sustainable land management, climate resilient agriculture, water efficiency, clean energy, and skills for reducing greenhouse gas emissions among others. Sustaining these efforts will also require external support.

We need to accelerate Research and Development on facilitating Access to Climate Friendly Technologies, through technology pooling and collective approach to financing Research and Development, regulating restrictive practices in licensing agreements and anti-competitive uses of Intellectual Property and International Declaration on Climate Technologies.

In Nigeria, we are looking at insurance-based proposals to deal with loss, damage and adaptation to the poor, vulnerable and hard-to-reach groups. Risk mitigation through insurance must benefit those groups who currently have negligible access to any form of indemnity coverage. Vulnerable groups will also benefit from new technologies and ways to make insurance schemes affordable, including through long term premium support.

In the circumstances, Nigeria would require support from the international community on the following:

1. A long term solution for a source of clean power, which can be achieved through private investments to create economic competitiveness for industrialization, job creation and agricultural programmes throughout the country;
2. The inclusion of Nigeria in Climate Regional Programmes, especially strong financial support to our planned project for the replenishment of the Lake Chad. This long term solution will ensure sustained livelihood for rural and urban communities, and permanently address the conditions conducive to the spread of violent extremism and terrorism, and stem illegal migration especially of our youths abroad.

Excellences, Distinguished Ladies and Gentlemen
I look up to the developed countries to jointly take a leading role in mobilising support for this action plan. However, addressing the challenges of climate change should be pursued within the framework of the General Assembly of the United Nations by anchoring efforts on assisting developing countries to meet their Sustainable Development Goals aspirations and Nationally Determined Commitment.

I thank you.

Press Release: Nigeria Requires International Support To Mitigate Effects of Climate Change – President Buhari

President Muhammadu Buhari Tuesday in Paris appealed to the international community to support Nigeria’s commitment to reducing the negative effects of climate change.

In a submission to the One Planet Summit in the French capital attended by over 60 Heads of State and Governments, as well as representatives of non-governmental and private organisations, with the theme, “Climate Change Financing,” the President said, “we cannot implement our Nationally Determined Contribution without adequate financial, technical and capacity building support from the developed countries.”

While noting that “since the adoption of the Paris Agreement, we have been strengthening our national efforts towards the implementation of the Agreement and the Marrakech Call for Action,” and Nigeria had already ratified the Paris Agreement in May 2017, President Buhari, however, said the country’s “Nationally Determined Contribution to reduce our emission by 20% by 2020 and 40% by 2030,” cannot be attained alone.

According to him, “having just come out of recession we are under no illusion of the challenges that we face in Nigeria.”

President Buhari said “Nigeria recognizes that ensuring sustainable funding is a major constraint in efforts to implement the Nationally Determined Contribution,” adding that “to respond effectively to climate change mitigation and adaptation challenges, critical mass of financial resources beyond what we can provide from our national resources will be required.”

On steps Nigeria has taken to meet its national goal in this respect, he said the country has “embraced the issuance of the green bond as an innovative and alternative source of projects funding that would help reduce emissions and provide robust climate infrastructure, such as renewable energy, low carbon transport, water infrastructure and sustainable agriculture in line with the Paris Agreement.”

In furtherance of efforts to deliver on the country’s pledges, the President said the government was “tightening the existing governance structure in Nigeria for more effective implementation of climate change activities, including the additional responsibilities that are consequent on the adoption of the all-encompassing climate change treaty.”

He also stated that “Government is actively promoting technologies and practices such as sustainable land management, climate resilient agriculture, water efficiency, clean energy, and skills for reducing greenhouse gas emissions among others,” noting that sustaining these efforts will also require external support.

Other measures required, he said, included “accelerating Research and Development on facilitating Access to Climate Friendly Technologies, through technology pooling and collective approach to financing Research and Development, regulating restrictive practices in licensing agreements and anti-competitive uses of Intellectual Property and International Declaration on Climate Technologies.”

According to the President, “In Nigeria, we are looking at insurance-based proposals to deal with loss, damage and adaptation to the poor, vulnerable and hard-to-reach groups. Risk mitigation through insurance must benefit those groups who currently have negligible access to any form of indemnity coverage. Vulnerable groups will also benefit from new technologies and ways to make insurance schemes affordable, including through long term premium support.”

Recognising that “the adverse impacts of climate change such as temperature rise; erratic rainfall, sand storms, desertification, low agricultural yields, drying up of water bodies like Lake Chad, gully erosions and constant flooding are a daily reality in Nigeria,” President Buhari admitted that highly vulnerable communities lack the capacity to cope.

He said Nigeria would require external assistance in the following areas: “A long term solution for a source of clean power, which can be achieved through private investments to create economic competitiveness for industrialization, job creation and agricultural programmes throughout the country; and the inclusion of Nigeria in Climate Regional Programmes, especially strong financial support to our planned project for the replenishment of the Lake Chad.”

The President noted that “this long term solution will ensure sustained livelihood for rural and urban communities, and permanently address the conditions conducive to the spread of violent extremism and terrorism, and stem illegal migration especially of our youths abroad.”

In acknowledging that the external support must be sustained on a long term basis, President Buhari emphasised that “the changes that Nigeria and other developing countries need to make cannot be undertaken overnight.”

He said some fundamental restructuring of our economy was required, adding that “in this process, technology will be a powerful tool to simultaneously address climate change and advance development.”

The President said he looked up to the developed countries to jointly take a leading role in mobilising support for this action plan on addressing the challenges of climate change within the framework of the General Assembly of the United Nations.

In their remarks, the three co-chairmen of the plenary session, the United Nations Secretary-General, Antonio Guterres, the World Bank President, Jim Yong Kim, and the French President, Emmanuel Macron, stressed the imperative of a global comprehensive and speedy action, including private sector financing against the devastating impact of climate change.

President Buhari had before the summit, attended a luncheon hosted by his French counterpart in honour of visiting Heads of State and Governments at the Elysee Palace.

Femi Adesina
Special Adviser to the President (Media & Publicity)
December 12, 2017

Speech: VP Osinbajo’s Remarks at the PEBEC Impact Award Ceremony in Abuja

I want to thank you very much for attending, and also to congratulate all of our awardees who have clearly distinguished themselves and have helped so much in getting to where we are.

I want to say in particular that what this demonstrates very clearly, is that there is absolutely nothing that we cannot achieve as a people if we set our minds to it.

Just listening to what Titi Shonuga had to say a few minutes ago, tells us very clearly that we are a unique people, and we demonstrated that by this extremely rapid movement 24 spaces up and qualifying as one of the 10 most improved economies in the world, within really a space of about a year or so of active work.

What happened with this group of people working together was that first; we had the Executive and Legislative coming together to make this happen. We had the very great leadership of the Senate President and the Right Honourable Speaker, and of course several of the distinguished Members of the House of Representatives who have already been given awards today.

We decided that it was time that we sorted out the business environment and we did something about that. I think the fact that we were able to meet all deadlines, and the Legislature was able to meet all the deadlines that we set, was really incredible.

Working with the States; Lagos, Kano, and seeing that even at the sub-national level, there is so much that could be done even with collaboration with the Federal Government and they can do it so effectively. I think this whole group of people deserve commendation and would like you to give them another round of applause for the excellent things that they did.

We were greatly assisted by the cooperation of all of the MDAs; Immigration, Customs, Airport authority, NAFDAC, CAC, practically every one of the MDAs worked very closely with us and very hard to make this happen. Of course, the PEBEC secretariat led by our own Doctor J as we call her, Doctor Jumoke Oduwole and the great team she has.

I want to say the next plan of action, and I think Dr. Oduwole has already pointed that out, is bound to be a lot harder and we are already beginning to see that unless we put our minds to it again, and work hard and consistently, we might not be able to achieve the objectives we set for ourselves.

I want to say to everyone, that it is so important that we move up as quickly as possible on the Ease of Doing Business scale, but more importantly, that we make a real impact on our business environment because this is not just about moving up or some World Bank rating, for us it is more important that we create an environment where small and big businesses, are able to do business effectively in this environment and do so with ease.

That is the target we have set for ourselves, that the day must come, when anyone who comes to this country can say I was able to do my business easily and effectively, and local business people can confirm that it is just a breeze to do business in Nigeria.

For us, it is more important that we are able to create an environment where small businesses and bid businesses and everyone is able to do business effectively in this environment and to do so with ease. And I think that that is the target we have set for ourselves; that the time must come, a day must come that anyone who comes into this country will say I was able to do business easily and effectively and local businesses can confirm that it’s just a breeze to do business in Nigeria and I think that we can really achieve that. A lot of it has to do with our bureaucracy and the way that the bureaucracy works. We are working very hard on that on the attitude of bureaucrats and persons who have been charged with responsibilities of making things easy. Sometimes, such people mat really not understand their roles as well as they ought because the whole business of processing or giving investment approvals and all of that should be able to make things easy and not be able to become an obstacle of sorts.

And I think that that attitude is changing and we are going to ensure that it continues to make progress as we go along. So just to say, again I thank very much for all of the efforts that have gone into this and to say that the next few weeks and few months will involve a lot of doing and all of us we are going to write into this. And I already have the assurances of our friends and colleagues in the legislature and at the states as well. We are bringing more sub-nationals at this point, may be more states and I’m sure we’re going to be even more successful than we were in the first action plan.

Thank you very much

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
December 12, 2017