12th June, 2019
22. A huge responsibility therefore rests on this and succeeding Administrations to develop, harness and fulfil our enormous potential into a force to be reckoned with globally.
23. Thus far, we Nigerians can be proud of our history since Independence in 1960. We have contributed to UN peace-keeping responsibilities all over the world; we have stabilized Liberia, Sierra Leone, Ivory Coast and two years ago we prevented the Gambia from degenerating into anarchy.
24. Without Nigerian influence and resources, the liberation of Angola, Mozambique, Namibia, Zimbabwe and ultimately South Africa would have come at greater cost. This fact had been attested by none other than the late Nelson Mandela himself.
25. Elsewhere, Nigeria is the Big Brother to our neighbours. We are the shock-absorber of the West African sub-region, the bulwark of ECOWAS and Lake Chad Basin Commission. We can therefore be proud to be Nigerians. We must continue to be Good Neighbours and Good Global Citizens.
26. At home, we have been successful in forging a nation from different ethnicities and language groups: our evolution and integration into one nation continues apace.
27. When, therefore we came to office in 2015 after a decade of struggle we identified three cardinal and existential challenges our country faced and made them our campaign focus, namely security, economy and fighting corruption.
28. None but the most partisan will dispute that in the last four years we have made solid progress in addressing these challenges.
29. When I took the oath of office on 29 May 2015, insecurity reigned. Apart from occupying 18 local governments in the North East, Boko Haram could at will attack any city including the Federal Capital, could threaten any institution including bombing the United Nations building and Police Headquarters in Abuja.
30. Admittedly, some of the challenges still remain in kidnappings and banditry in some rural areas. The great difference between 2015 and today is that we are meeting these challenges with much greater support to the security forces in terms of money, equipment and improved local intelligence. We are meeting these challenges with superior strategy, firepower and resolve.
31. In face of these challenges, our Government elected by the people in 2015 and re-elected in March has been mapping out policies, measures and laws to maintain our unity and at the same time lift the bulk of our people out of poverty and onto the road to prosperity.
32. This task is by no means unattainable. China has done it. India has done it. Indonesia has done it. Nigeria can do it. These are all countries characterized by huge burdens of population.
33. China and Indonesia succeeded under authoritarian regimes. India succeeded in a democratic setting. We can do it.
34. With leadership and a sense of purpose, we can lift 100 million Nigerians out of poverty in 10 years.
35. Following the 60 percent drop in oil prices between 2015 and 2016, through monetary and fiscal measures, we stimulated economic growth, curbed inflation and shored up our external reserves.
36. We now have witnessed 8 quarters of positive growth in the economy and our GDP is expected to grow by 2.7 percent this year.
37. Furthermore, our external reserves have risen to $45 billion enough to finance over 9 months of current import commitments.
38. This Administration is laying the foundation and taking bold steps in transforming our country and liberating our people from the shackles of poverty.
39. First, we will take steps to integrate rural economies to the national economic “grid” by extending access to small-scale credits and inputs to rural farmers, credit to rural micro-businesses and opening up many critical feeder roads.
40. Secondly, for small-scale enterprises in towns and cities, we shall expand facilities currently available so that we continue to encourage and support domestic production of basic goods and reduce our reliance of imported goods as I will outline later.
41. For the next four years, we will remain committed to improving the lives of people by consolidating efforts to address these key issues as well as emerging challenges of climate change, resettling displaced communities and dealing decisively with the new flashes of insecurity across the country, and the impacts on food scarcity and regional stability.
42. We are not daunted by the enormity of the tasks ahead. Instead, we are revived by this new mandate to work collaboratively with State and Local Governments, Legislators, the Diplomatic Corps and all Nigerians to rebuild and reposition our country as the heartbeat and reference point for our continent.