NEW NATIONAL INDUSTRIAL PLAN TO ENCOURAGE INVESTORS COMING – PRESIDENT JONATHAN

President GoodlucK Jonathan has said that the Federal Government is working on a national industrial revolution plan to further encourage investors and local production.

President Jonathan was speaking to a delegation of Nissan South Africa in Cape Town, South Africa, yesterday, in the course of his state visit to South Africa during which nine agreements covering different areas of economic and technical cooperation between both countries were signed.

"Nigeria is working on a new industrial revolution plan that will further promote investments in every sector of the Nigerian economy, and strengthen areas in which the country has comparative advantage," the President said, adding that the aim is "to create a win-win situation for both investors and the Nigerian people".

President Jonathan said that the Federal Government is committed to stimulating local production in various sectors in the overall interest of Nigerians, especially in the automobile sector.

Earlier, the Managing director of Nissan South Africa and leader of the delegation, Mr. Mike Whitfield, said the Nissan Group is interested in investing in the automobile sector in Nigeria in collaboration with their business partners, and called for an industrial framework and the right policy environment to encourage investment flows.

At another audience, President Jonathan commended the MTN Group for investing in the telecommunications sector in Nigeria.

The President stated that government will continue to provide the necessary infrastructure to ensure a conducive environment for investments in the sector to thrive.

The Chairman, MTN Group, Mr. Cyril Ramaphosa thanked President Jonathan for the enabling environment for business in Nigeria, and pledged that MTN will continue to be a good corporate citizen.

President Jonathan, who is also participating in the World Economic Forum in Cape Town, had also co-chaired a meeting of the Nigeria/South Africa Business Forum with President Jacob Zuma, where far-reaching agreements were reached about economic cooperation and definite steps to be taken to facilitate investments in both countries.

REUBEN ABATI
Special Adviser to the President
Media and Publicity
May 9, 2013
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PRESIDENT JONATHAN DEPLORES ATTACK ON BAMA

President Goodluck Jonathan deplores yesterday's attack by armed terrorists on Bama, Borno State which claimed scores of lives.

President Jonathan believes that the continuation of such callous and wanton attacks of innocent Nigerians, government facilities and security formations

 flies in the face of ongoing efforts to establish a workable framework for dialogue and the peaceful resolution of security challenges in Northern Nigeria.

The President warns that the Federal Government's consideration of dialogue as an option for the elimination of some current threats to security should not be seen as a weakening of its resolve and determination to use all the forces at its disposal to crush all brazen affronts to the powers and sovereignty of the Nigerian nation.

President Jonathan extends sincere condolences to the families and colleagues of the soldiers, policemen and prison officials who lost their lives in the dastardly attack.

The President urges the armed forces and police not to be disheartened or daunted by the loss of their colleagues, but to remain focused and undeterred in discharging their responsibility for the security of lives and property in all parts of Nigeria with the assurance that the Federal Government will continue to give the Armed Forces and Police the fullest possible support to enhance their ability to meet the continuing challenges of terrorism and insurgency.

President Jonathan also commiserates with the families of the innocent civilians who were either killed or injured in Tuesday's attack on Bama.

Reuben Abati
Special Adviser to the President
(Media & Publicity)
May 8, 2013
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PRESIDENT JONATHAN 's OPENING REMARKS AT THE INFRASTRUCTURE SUMMIT CAPE TOWN

OPENING REMARKS
By
DR GOODLUCK EBELE JONATHAN, GCON, GCFR
President
Federal Republic of Nigeria
AT
THE INFRASTRUCTURE SUMMIT
THE WORLD ECONOMIC FORUM AFRICA 2013
CAPE TOWN, 8 MAY 2013
PROTOCOL

Excellencies

Distinguished Ladies and Gentlemen,

1.  I am delighted to be here with you today and to have the opportunity to make a few remarks on infrastructure, which is a major challenge facing the African continent. I thank the World Economic Forum (WEF) for creating the environment and providing the platform for this to happen. 

2.  Let me also express my appreciation to the African Union Commission (AUC), the United Nations Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the NEPAD planning and coordinating Agency for establishing this infrastructure plan for Africa, appropriately christened Programme for Infrastructure Development in Africa (PIDA). 

3.  In the last decade, Africa has come a long way from being mainly associated with economic stagnation, high inflation, high external debts, and civil strife. Today, the situation has changed due to significant macroeconomic, structural, and political reforms. Economic growth on the continent averaged 5% annually in the last 10 years.

4.  However, despite this recent economic growth success story of the continent, infrastructure deficit on the continent across transport, energy, and communication remain binding constraints to further growth acceleration, our ability to compete, and the reduction in poverty. 

5.  Inadequate and poor infrastructure in Africa remains a major constraint to the continent's realisation of its full economic potential.  Due to the relatively poor infrastructure and low connectivity on the continent, we have the lowest level of inter-regional trade. While we account for about 12% of the world's population, our share of global trade is just about 2%. This is also a reflection of the fact that our economies are less diversified compared to other global regions. 

6.  Most importantly, poor infrastructure serves as additional burden and cost to our businesses, making it difficult for them to compete, and accompanied by structural and high level of unemployment. To effectively tackle these challenges, diversify our economies, reduce poverty and provide employment opportunities for our bulging youth population, we must build necessary infrastructure in Africa across transport, communication and energy sectors. 

7.  Over the course of this past decade, African stakeholders have recognised the need to plug the gaps in infrastructure on the continent. From studies and reports on the subject, it is estimated that Africa requires about 100 billion US dollars annually for the next decade, whereas only a quarter is being spent today.  

8.  Due to limited fiscal resources, Governments alone cannot build the infrastructure that Africa needs. Therefore, as we look to solving our infrastructural challenge, the underlying binding factor is finance. We must therefore continue to develop new innovations and ways of achieving this. 

9.  Besides finance, our experience has shown that without a common framework as a basis for collaboration, little progress will be made. I am especially delighted then that PIDA is building on the plans already established under different initiatives such as the NEPAD Medium to Long Term Strategic Framework and the AU Infrastructure Master Plans. 

10.              As part of this infrastructure initiative, Nigeria is leading the efforts to construct the Nigeria – Algeria Gas Pipeline Project to run from Nigeria, through the Sahara desert to Algeria. The initial preparatory work is underway. However, in the light of the recent developments in the global gas industry and the collapse of gas prices, the project concept is now under review to determine its viability. 

11.              My expectation is that this plan will hasten Africa's integration through trade and migration which has been a priority and central element of the continent's development strategy. This is more so considering that inter-regional trade within the continent is just about 10%. On our part, we are committed to the integration of Africa's infrastructure and its development. 

12.              In the ECOWAS sub-region, appreciable progress has been made. I can safely say that ECOWAS policies on free movement of people and the right of establishment have contributed in no small measures to the increasing success of multi-national companies in the region. Thankfully, PIDA is also aligned to the vision of the ECOWAS community that promotes the free movement of people, goods and services. 

13.              We thus share the commitment to the full realisation of the Lagos – Abidjan West African road corridor and the Trans – West African Coastal link road. In addition, we are sustaining effort in the development of the gas sub-sector, not only for our growing number of power plants, but in line with the regional initiative of West African Gas Pipeline for the West African market. 

14.              Distinguished Guests, Ladies and Gentlemen, before I conclude, let me say a few words about some of the domestic initiatives we have embarked on to improve our infrastructure. My Administration has embarked on a number of reforms especially in the Power and Energy Sectors, Road Construction and Infrastructural Development to mention but a few. Just in the last two weeks, my government completed the biggest transfer of power assets in Africa to private investors. 

15.              By this act, the power sector in Nigeria is now totally privatised, except for the transmission company, which is concessioned to a private firm to manage. Following these critical reforms, we expect an annual US 10 billion investment to follow for the next decade. My Minister for Power, Professor Chinedu Nebo is here as a member of the panel and he will share with you details if you require. 

16.              To fund our investment on road and rail infrastructure, we have increased our capital expenditure ratio relative to our current expenditure from the national budget by 8% in the last three years, while we have also committed a significant portion of the savings from the reduction in subsidies on petroleum products to expand and improve road and rail infrastructure. 

17.              As part of the reforms relating to infrastructure, the Petroleum Industry bill (PIB), which seeks to streamline the regulatory oversight of the industry is being considered by our National Assembly, and we expect it to be passed into law during this parliamentary session. 

18.              In conclusion, I will like to express my gratitude to the World Economic Forum and all the critical stakeholders for supporting Africa's progress towards the building of 21st century infrastructure across the continent in order to support our future growth. I urge you all not to relent in your efforts. 

19.              The realisation that we cannot tread this path alone is very clear. I will be pleased to hear at the end of this summit that effective programmes and action plans that include roles for our development partners and international investors have been defined for the infrastructural goals that we have all set, and seek to achieve.   

I thank you.
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'Nigeria will be the best investment destination in Africa' - President Jonathan

CLOSING REMARKS 
By
DR GOODLUCK EBELE JONATHAN,
GCON, GCFR
President Federal Republic of Nigeria 

AT THE NIGERIA-SOUTH AFRICA BUSINESS FORUM
CAPE TOWN, 7 MAY 2013 
PROTOCOL

1. Let me first and foremost seize this opportunity to express my heartfelt gratitude to the organizers of this very important event and the Business community gathered here today, for your contributions and support towards the successful organization of the Nigeria-South Africa Business Forum.  

2. As the Business Forum draws to a close, I most sincerely, on behalf of my Government and the good people of Nigeria, wish to thank you all for your robust presentations and productive, interactive sessions at this Business Forum. 

3. I would like to seize this opportunity to commend the experts and officials of both countries, for your commitment and diligence that have led to a very fruitful and successful conclusion of this long overdue Business Forum. The deliberations, which focused on Mining; Power; Banking and Finance; Oil and Gas; Agricultural Value Chains; as well as other trade issues mark a new milestone in the bilateral and economic relations between our two Governments and people. 

4. With the successful deliberations and effective networking that will hopefully result into significant improvement in the trade and investments flow between Nigeria and South Africa today, I am convinced that the visions, aspirations and wishes of my brother, President Zuma and myself, in bringing to the front burner, interests and concerns of both the Public and Private Sectors of our two countries would be realized. 

5. The success stories of this Business Forum will indeed not only deepen the bilateral and economic relations between our two sister countries but would also stimulate growth in the other socio-economic activities as well as increase the volume and value of trade between our two sister countries.  Nigeria and South Africa need to play a leading role in promoting intra regional trade and the achievement of the economic integration objectives of the African Union in the foreseeable future. 

6. Your Excellency, Ladies and Gentlemen, recognizing that infrastructure remains a binding constraint to competitiveness and profitability in doing business, my Administration has embarked on a number of reforms in the Power and Energy Sectors, Road Construction and Infrastructural Development to mention but a few.  

7. I would want to assure all investors that my Government will continue to ensure full implementation of the backward integration policy which has given rise to the improved investment climate in Nigeria.  

8. On the issue of security which is a global phenomenon, my Government is not relenting in her efforts to frontally combat crimes and defeat terrorism in all its ramifications and thus make Nigeria the best and the desired investment destination in Africa.  I assure all investors in Nigeria and prospective investors, of safety of lives and property and urge you to come and take advantage of the numerous investment opportunities and the very attractive package of incentives to invest in the real sector of our ever growing economy. 

9. Your Excellencies, distinguished Ladies and Gentlemen, I want to reiterate once again that Nigerians are ready to work with their South African counterparts at both private and public levels to achieve the desired mutual economic benefits. We must be proud of our joint accomplishments today. Once more, I thank the entire delegation from both sides for their hard work and commitment to this Forum. 

10.                  Thank you and God bless. 
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PRESIDENT JONATHAN URGES AFRICAN LEADERS TO MAKE ECONOMIC EMANCIPATION THEIR HIGHEST PRIORITY

President Goodluck Jonathan said Tuesday in Cape Town that having successfully liberated the continent from colonialism, racism and apartheid, African leaders must now give the fullest possible attention to the economic emancipation of their countries. 

Addressing the South African Parliament during his state visit, President Jonathan called on his colleagues across the continent to now make building strong economies and strengthening democratic governance their topmost priority.

"On the 25th of this month, Africa will be celebrating the golden jubilee of the Organization of African Unity, now the African Union. As we take stock of the achievements of our continental organization, it is also appropriate that we reflect and decide where our continent should be in the next fifty years.

"That destination has to be a democratic and united Africa that is at peace with itself and can compete with the rest of the world," President Jonathan said.

Noting that Africa has emerged as the new frontier for trade and investment in the world, President Jonathan said that African leaders must rise to the challenge of managing the new opportunities presented by this situation for the benefit of their peoples and countries.

"There is certainly a lot more that we can do. We must work together to put an end to the exploitation and exploration of Africa's resources for export without any value added; African countries must transform from being primary sources of raw material into producers to create jobs and opportunities for our people."We must check the loss of Africa's trained manpower to already developed countries. We must work together, to promote trade and investment among our countries and build trans-national infrastructure in such critical sectors as trade, telecommunications, and transportation in order to fast-track the process of people-centred, continental integration.

"We must check the illicit transfer of huge sums of money to the developed world from Africa through sharp practices such as transfer pricing, tax evasion and corruption, all of which contribute to Africa's economic under-performance," the President told the assembled members of parliament.

President Jonathan said that while there were positive developments in the area of governance in Africa with the continent now having more democratic nations than at any other time in its history, democratic institutions were still weak in many African countries and needed to be strengthened.

In this regard, the President said that African legislatures must see the need to insist on respect for the rule of law and accountability in the conduct of governmental affairs across the continent.

Noting that harmonious relationship between all the three arms of government, especially between the legislative and executive

arms, is imperative for the objectives of good governance, and national progress, he said that he was delighted that the Executive and the Legislature in South Africa have forged a strong partnership for the benefit of the country.

"It is an example that is worthy of emulation by some other countries where the doctrine of the separation of powers and cordial intra-governmental relations still remain a knotty challenge," President Jonathan said.

Recalling Nigeria's partnership with the leaders of the African National Congress to achieve the liberation of South Africa and ending of apartheid, President Jonathan said that both countries must continue to work together in the interest of their people and the continent.

The President paid tribute to the "singular and collective heroism, as well as the inspirational examples" of former President Nelson Mandela, Chief Albert Luthuli, Walter Sisulu, Oliver Thambo, Govan Mbeki, Steve Biko, Chris Hani, and other South African men and women of "valour and integrity who were imbued with the spirit of sacrifice, patriotism, and devotion to the common good".

Reuben Abati
Special Adviser to the President
(Media & Publicity)
May 7, 2013
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Building a Democratic, Peaceful and United Africa: The Role of Our Two Nations

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PRESIDENT JONATHAN ACTIVELY DEALING WITH ISSUES RAISED BY BAGA INCIDENT

The Congress for Progressive Change, in a statement today, by its National Publicity Secretary, Rotimi Fashakin has grumbled that President Goodluck Jonathan ought to have visited Baga in Borno state, following the incident of  April 16.

It is in the character of the CPC and its spokesperson to play to the gallery even when the occasion calls for maturity and sobriety.  The problem with them is that they consider everything "very unacceptable", and in particular everything relating to President Jonathan. They deserve our sympathy.

If they care to know, President Jonathan has been very pro-active in dealing with the Baga incident. He ordered an immediate probe by the Military High Command and the intervention of rescue and aid agencies, who have been working with the Borno state government and other agencies of state to ensure that the victims are rehabilitated and assisted with relief materials.

The reports of the investigations by the Military High Command and the National Emergency Management Agency have since been made public.

President Jonathan has described the incident as most unfortunate and regrettable and he has made it clear that where there is any established case of misconduct, justice will be done. He has also welcomed the plan by the National Human Rights Commission to carry out independent investigations. He continues to receive regular briefings on the incident, even as he has directed the Federal Ministry of Lands, Housing and Urban Development to come up with an assistance programme for the displaced persons in Baga.

These steps surely do not give an impression of "insensitivity or aloofness". Rather, it is the CPC that is being insensitive by struggling to make cheap political gain out of this.

Reuben Abati
Special Adviser to the President
(Media & Publicity)
May 5, 2013
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PRESIDENT JONATHAN NOT A DESPOT, ACN IS THE REAL ABODE OF BUDDING DESPOTS IN NIGERIA

The latest press statement by Lai Mohammed of the Action Congress of Nigeria, in which he claims, wrongly as always, that the Jonathan administration is "descending into despotism," represents yet another attempt by the ACN and its spokesperson to stand the truth on its head and indulge in the politics of abuse. They should not be allowed to get away with their perfidy.

President Jonathan is a democratically elected leader who is running a people-oriented, inclusive and progressive government. Under his watch, Nigeria's democracy has been consolidated; the scope for human freedoms has been further expanded and there is respect for due process and the rule of law. Ordinary Nigerians appreciate the fact that they have a President who is humane, disciplined and focused.

Does Lai Mohammed know the meaning of the word, despotism, or is he just throwing the word around for onomatopoetic effect? He and his sponsors are in fact beneficiaries of the openness and freedom that this administration promotes. The paradox is that those who do not allow freedom and equality in their own party or backyard, those who are well known as self-proclaimed Godfathers and closet despots, are the same ones who are now quick to accuse others of despotism. The ACN should start by removing the log in its eyes. President Jonathan is not a despot. ACN is the real abode of budding despots in Nigeria.

The Transformation Agenda which Lai Mohammed tries to pooh-pooh is a well thought-out blueprint on the basis of which this administration continues to serve the interests of the people and move the country forward. The evidence of the Jonathan administration's achievements is visible in many aspects of Nigerian life and society: from agriculture, to aviation, the economy, job creation, power, industry, trade and investment, transportation and others. No amount of name-calling or partisan criticism will distract the government's attention, just in case the ACN assumes that its persistent distortion of the facts will achieve that objective.

The ACN's allegation that there is a disagreement between the Rivers State Governor, Rotimi Amaechi is also wrong-headed and mischievous.  Governor Amaechi has publicly stated that this particular allegation is a piece of fiction created by certain persons and the media. We insist that President Jonathan is not engaged in any quarrel or dispute with Governor Amaechi. And it is wrong to use the matter of the aircraft that was grounded by the aviation authorities to concoct stories of persecution.

The institutions involved have offered reasons publicly why they took their decision with regard to the unlicensed aircraft, which in any case is an asset of the state, not the Governor's personal property. The President has nothing to do with that incident.   

The ACN claims that there is "a growing propensity to stifle the freedom of expression and freedom of the press."  The report by the Committee to Protect Journalists which the ACN quotes is not a comment on government-media relations in Nigeria. This administration sees the media as a strategic partner in the business of nation-building. The government not only enjoys a robust relationship with the media, it continues to encourage the freedom of expression and of the press.

Lai Mohammed tries to substantiate his dubious claim by seeking to build something on nothing. He tries in vain. The truth is that the Nigerian media is pluralistic, vibrant, independent and free; it has grown in scope, size and in terms of the freedom to practise under this administration.

All lovers of democracy must join us in reminding the ACN and its spokespersons that they cannot pull down this house with mere spittle because our democracy is strong and solid and the man at the helm of affairs is a democrat and a progressive leader.

Reuben Abati
Special Adviser to the President
(Media & Publicity)
May 5, 2013
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EMULATE LATE PRESIDENT YAR’ADUA’S COMMITMENT TO DUE PROCESS AND RULE OF LAW, PRESIDENT JONATHAN URGES NIGERIANS

On this third anniversary of the passage of President Umaru Musa Yar'Adua, President Goodluck Jonathan remembers with an undiminished feeling of great personal loss, the fulfilling partnership he enjoyed with the late President at the helm of Nigeria's ship of state.

As always, President Jonathan continues to honour the memory of the immensely humble, insightful, patriotic and dedicated servant leader who truly served his countrymen and women with all his strength and God-given abilities.

On this anniversary of the late President's transition, President Jonathan urges Nigerians, especially public officials at all levels of government to rededicate themselves to emulating President Yar'Adua's exemplary commitment to upholding due process, the rule of law and other globally-accepted principles of democracy and good governance.

President Jonathan joins late President Yar'Adua's wife, children, relatives, the people of his home-state, Katsina as well as his friends and associates across the country in praying that the soul of the departed President continues to rest in perfect peace.

Reuben Abati
Special Adviser to the President
(Media & Publicity)
May 5, 2013
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ADDRESS BY HIS EXCELLENCY, PRESIDENT GOODLUCK EBELE JONATHAN, GCFR, AT THE 2013 MAY DAY CELEBRATION, ON WEDNESDAY 1ST MAY, 2013

PROTOCOLS

Insuleto! Inafrica!!

1. I am pleased to join you on this important day of solidarity with workers around the world. I salute you, all our hardworking men and women, who toil daily and relentlessly from sunrise to sunset for the progress of our great nation.

2. Over the years, through your valuable contribution and sacrifice, we have achieved significant reforms in various sectors of our national life, and made remarkable progress as a nation.

3. The struggles of workers around the world have indeed come a long way, since the 1st day of May was designated International Workers Day in 1904. Here at home, the historical development of Nigeria as a nation is closely linked to the history of the Trade Union Movement. The recognition of the Nigeria Civil Service Union, by the British Colonial Government as the first Trade union in the nation in 1912, set the pace for workers' rights awareness and the bravery and principled agitations that manifested in the "Aba Women's Riot" of 1929, the Coal Miners' Strike of 1949, and several other workers legitimate demands for economic justice.

4. By pioneering organized rallying points for mass interest, these movements strengthened the nationalist struggle for independence, and provided the bedrock for a National labour platform, as today represented by the Nigeria Labour Congress (NLC).

5. Who can forget the dedication of the Teachers Unions?, the perseverance of Association of Civil Servants? the picket lines of the Road Transport Workers? or the resilience of the Textile Workers Union? and indeed the solidarity and sacrifice of so many others, which has enabled the hope we have today as a nation? I salute you all, your service and courage will never be in vain.

6. This year's Labour Day can rightly be described as the Centenary Labour Day as it coincides with the hundred years of the amalgamation of Northern and Southern Nigeria. This year's commemoration, appropriately affords special reflection and accords special recognition to the historical and contemporary importance of the Labour movement in the national project.

7. I have been informed that a good number of activities involving workers shall be reviewing "100 years of the Nigerian Worker", with the theme - A Centenary Journey of Service and Struggles. This will include a landmark Symposium, and workers' Lottery, to be administered by the Nigerian Lottery Regulatory Commission (NLRC). I thank the Nigerian Labour Movement for its support and involvement in organizing the Centenary Celebrations. I assure you of my support during the workers' events.

8. The Nigerian worker is not only an important part of our history, but a pivot of our past, present and future. That is why we are leaving no stone unturned towards the practical enhancement of the welfare of all workers in both the private and public sectors, and in facilitating better relations with employers and government. Since the advent of this administration, our actions and policies have been geared towards placing the country on the path of sustainable progress, where everyone can better achieve his or her dreams. That is the thrust of our Transformation Agenda.

9. Distinguished ladies and gentlemen, the Transformation Agenda is about taking and implementing measures today, in order to give our people a brighter future. It is about creating jobs, creating wealth, and ensuring a better deal for Nigerians. This is an onerous task that requires the support of all our citizens.

10. Central to this Transformation is the creation of a politically stable environment in which economic development activities will flourish. To this end, we are strengthening our democratic institutions, and confronting the challenges facing our country with great determination and firmness.

11. Distinguished ladies and gentlemen, Labour has been in the forefront of the demand for good governance and increased action against corruption, and these issues are being vigorously tackled on various fronts. Prosecutions are being pursued in matters arising from Fuel subsidy fraud, Embezzlement of Pension funds and other serious longstanding malpractices demystified by this administration. I assure you of accelerated and expanded action against all forms of corruption. Given that some of these perpetrators are senior and junior members of labour unions, greater attention to peer review action on the part of labour, will be much appreciated.

12. As a result of our economic policies, there have been significant improvements in our economic fundamentals. Our economy grew by about 6.6% during 2012 and is set to grow at a similar pace in 2013 according to independent forecasts. This is quiet significant by global standards.

13. We have further reduced our fiscal deficit in the 2013 budget to 1.81% of GDP, and cut domestic borrowing. We have rebalanced our spending in favour of capital expenditure. The rate of inflation also dropped to single-digit territory at the beginning of this year.

14. At a time, many advanced and emerging markets are being downgraded, our sovereign credit ratings have been upgraded. We are however, not unmindful of the fact that the ultimate benefit of these encouraging results, must reflect on the lives of the most needy Nigerians. This remains our goal.

15. We are also focused on economic inclusion, with articulated strategy targeting the disadvantaged and unemployed in our society with economic opportunities in agriculture, entrepreneurial support, graduate employment and unskilled job programmes. We are also building robust social safety net programmes, targeting pregnant mothers and children in the health sector.

16. Through the Youth Enterprise with Innovation in Nigeria (YouWiN!) programme we are supporting talented young entrepreneurs to set up or expand their businesses, and employ others.

17. Our port reforms are aimed at ensuring efficiency in the handling of ports and related businesses and achieving 48 hours clearance time for cargo. In the Power sector, the inevitable and painstaking task of correction, construction and consolidation, is on course, with the privatization of our electricity generation and distribution companies boosted with significant foreign investors' participation and confidence. Our railroads, major airports and federal roads nationwide are also being comprehensively rehabilitated.

18. Diversifying the economy away from the oil sector into agriculture, housing, manufacturing, creative industries, and other sectors that generate jobs and grow the economy has long being a national goal and today, our Government is actualizing this as another fundamental goal of our reform agenda.

19. I would like to use this opportunity to thank the Labour Movement for its support of the Transformation Agenda. I assure you that our efforts are sincere and informed by the need to entrench good governance for the well-being of Nigerians.

20. Trade disputes are inevitable in all social environments, but with commitment to patriotic reason and dialogue, such disputes are easier resolved. In the interest of national development, I urge all the social partners - labour, employers etc. to embrace the rule of law in pursuit of their rights in the workplace. Due process would minimize the negative consequences caused by incessant industrial crisis in our nation.

I. Ladies and Gentlemen, the Labour movement in our country has historically been a partner in national progress. I enjoin you to responsibly continue your hard work, resilience and commitment to national development. We stand together in this transformation undertaking and together in partnership, we will succeed in building a new nation.

II. Insuleto! Inafrica!!

III. I Thank you
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