President Goodluck Ebele Jonathan has said that the Federal Government will continue to work assidously in improving the economic and standard of living of Nigerians even as the Gross Domestic Product hits 7.1% in 2012.
In a nationwide broadcast to mark 52nd independent anniversary of Nigeria,the president commended the efforts of country men and women who have been working tirelessly to improve the minimum economic and standard of living of Nigerians.
His words”in the last two years,the Nigerian economy has done appreciably well despite the global financial crisis that bedeviled the world economy”said the president.
He continues”the Nigerian Gross Domestic Product(GDP)has grown by 7.1% on the average which is significantly driven by non-oil sector”
President Jonathan however,said that in pursuance of the transformation agenda of the present administration,reforms has been initiated in various key sectors of the economy with the view to consolidating the gains of the economic growth.
Jonathan reiterated the commitment of his administration in improving electricity power generation,transmission and distribution with coming into completion various national integrated power project(NIPP) across the nation.
“The country’s power supply has improved gradually through the implementation of our well articulated NIPP reform programmes which include institutional arrangement to facilitate and strengthened private sector led power generation,transmission and distribution to Nigerians “he added
“Cost reflective tariff structure that reduces the cost of power to majority of Nigerian electricity consumers has also been designed”.
In gas supply,the President gave a clear assurance of his administration continuous effort in providing gas for the various NIPP projects across the nation to enhance their performance, “our gas plants which were put in place earlier this year has produced more than the targeted volume of gas for the power generation”. The much desired petroleum industry bill(PIB) has been given an accelerated attention by the executive which had culminated in its forwarding to the National Assembly for deliberation and subsequent passage into law for the benefit of Nigerians.
“The robust PIB has been placed before the National Assemly for deliberation. If passed into law,it will ensure transparency,accountability,increase government revenue and profit the investors in oil and gas sector”.
The President concluded by recognizing the efforts of the founding fathers of Nigeria in trying to ensure that the entity called ‘Nigeria’exist and remain united.
Recall that Nigeria was declared an independent country on 1st october,1960 by the british following consistence,doggedness and resilience of some group of patriotic Nigerians who fought tirelessly together for freedom from their colonial masters disregarding their tribe,ethnic background.this culminated in lowering of Union Jack and raising of Green and White color of Nigerian Flag.
0 comments: