Vanguard (Lagos)

Nigeria Saved N33 Billion Daily From Introduction of Amnesty Programme - Kuku

The amnesty programme for Niger Delta militants recouped an average of N33 billion into the nation's coffers, leading to unprecedented successes in infrastructure development, the Presidential Adviser on Niger Delta, Mr. Kingsley Kuku has said.

In a briefing weekend, Mr. Kuku said the recovered earnings helped the administration to achieve notable feats that included the revatilisation of the railways, rebuilding of the airports, improved power supply and accomplishments in agriculture among others.

Kuku who also revealed that the programme had been closed to new persons used the opportunity to laud the achievements of the Goodluck Jonathan administration which he claimed had largely been underreported.

He said: "From a production level of a paltry 700,000 barrels of crude oil per day as at January 2009, the relative peace that now prevails in the Niger Delta has aided the remarkable growth of Nigeria's oil production to between 2.6 and 2.7 million barrels per day as at today".

"If you compute this savings with prevailing exchange rate of N160 to $1, daily production savings for Nigeria and its Joint Venture Partners currently stand at N33.4 Billion per day. If you break this down further especially given that oil production in Nigeria hovered between 2.4 and 2.6 barrels in 2012, you would discover that savings for Nigeria and the JV partners for year ending 2012 is estimated to be at about N6.3 trillion."

"Because of fresh earnings in the oil sector, the President is funding and pursuing the speedy revamping and transformation of several moribund but critical sectors of our economy. President Jonathan is conscious of the fact that no nation can boast of development without an efficient and reliable transport sector. Today, on his able watch, the aviation sector in this country is enjoying a fresh lease and can now compare with the best in at least Africa."

"For the first time in 20 years, in 2012 alone the Federal Government remodeled and reconstructed 12 Key airports across the country with a view to ensuring that they became true centres of commercial and economic activities. Today these airports are wearing new looks with their terminals totally overhauled for the comfort and safety of air travelers."

"The revolution in the sector is aimed at restoring Nigeria's aviation industry to its rightful place as a hub in Africa aviation and to be able to contribute to the Gross Domestic Product (GDP) of our dear country."

"Similarly, the achievements of the Presidential Amnesty Programme have helped Nigeria earn enough money to revamp the comatose railway sector after almost 50 years inactivity and criminal neglect. The Nigeria Railway is back, thanks to the transformation agenda of President Goodluck Jonathan. Not too long ago, the President himself led several top government officials to take a long ride in one of the new locomotives owned by the Nigeria Railway Corporation (NRC) from Lagos to Abeokuta, Ogun State."

"The commissioning of the reactivated Lagos-Jebba rail lines which cost the nation N12.13 billion is without any iota of doubt, a major achievement by this administration. The President has also launched the Maiduguri-Duwari Mass Transit Train Service (MTTS). Already, the corporation has begun mass transit train services in Jos, Kano and Kaduna."

Ads by Google

Copyright © 2013 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.