I cannot remember who once said that if you try to deny the truth, it does not change the facts. This is where we are in Nigeria today, with the significant achievement of President Muhammadu Buhari's administration.
In the first part of this series we examined infrastructure, highlighting why the greatness of buhari presidency is hinged on the sustainable impact of many of its policies, programs and projects. In this part we will be discussing how and why president Buhari's economic, investment, agricultural and social investments program are unparalleled in the history of our nation.
First of all, to give us an insight to some of the notable achievements of Buhari's administration, during his first term as the democratically elected president, in 2017, Nigeria's agricultural exports grew by an outstanding 180.7% above its 2016 value.
Similarly, the Anchor Borrowers Program (ABP) of the central bank of Nigeria, to encourage farming across Nigerian, has made available N82billlion in funding to 350,000 farmers of rice, wheat, maize, cotton, cassava, poultry and groundnut. So far, these farmers have helped to cultivate over 400,000 hectares of land leading Nigeria to become more self sufficient when it comes to the provision of basic food items.
The buhari administration had made efforts in resuscitating the economy which was worst hit my 2016-2017 recession. The inflation rate has fallen from about 17% to the current 11.61%. Nigeria's External reserves has risen from $29Billion in May 2015 to $42Billion in May 2019.
Tax revenue increased to N1.17 Trillion in Q1 2018, a 51% increase on the Q1 2017 figure, following the addition of Six million new taxpayers to the tax base in an effort by the Buhari administration to diversify government revenue.
Buhari government has proven to be pro-masses with the incredible success recorded with its celebrated social investments program (SIP), which has been praised as the largest and most ambitions programs in the country's history, with a clear focus on the most vulnerable of our population.
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