Premier League Has Most Players In Euro 2020 With Almost €3.5B Market Value

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The 2020 European Championships (Euro 2020) are underway after having been postponed a full year due to the Coronavirus pandemic. Europe’s top stars will hope to showcase their talents in a bid to win glory for their nation.

According to data presented by Safe Betting Sites, England’s Premier League has the most players playing in Euro 2020 with 119 for an estimated total market value of €3.48B – the largest out of all the leagues represented at the Euros.

Premier League Has 119 Players In Euro 2020 – Most Out Of All Leagues Represented

The 2020 Euros are the highlight for football this summer as football players from a total of 42 professional leagues around the world, head home to Europe to represent their nations. England’s Premier League had the most players playing in Euro 2020 with 119, 30 more players than the next largest represented league, the German Bundesliga.

Click HERE for infographics

Notably, England’s second tier, known as The Championship, is the 6th most represented league at the Euros with 29 players. This representation beats established top-tier divisions from other countries such as France’s Ligue 1, The Dutch Eredivisie, and Portugal’s Liga NOS.

Players From Premier League Estimated Market Value – €3.5B

Players from the Premier League playing at the Euros had by far the highest combined market value compared to any other league represented at the Euros. Premier League players had a combined market value of €3.48B more than €1.5B more than the players from the Bundesliga’s combined market value.

Italy’s Serie A and Spain’s La Liga were the only other leagues to have a combined market value of more than €1B with €1.74B and €1.31B respectively. Ligue 1 rounds out the top 5 highest combined market value among leagues with over €700M.

Rex Pascual, Sports editor at Safe Betting Sites, commented;

“Many would argue that England’s Premier League is the best and most competitive football league in the world. The Premier League’s representation for Euro 2020 further solidifies its reputation and even highlights the gap between England’s top flight and the rest of Europe, especially when considering market value.”

Total Cost Per Goal Of Premier League Top Goal Scorers In 2020/21 Revealed

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The summer transfer market is open for Europe’s top football leagues, and with the biggest stars now costing tens or sometimes even, hundreds of millions of euros, clubs must carefully decide where they invest their money.

Safe Betting Sites breaks down the cost per goal (CPG) of the top 25 goalscorers of the 2020/21 Premier League season.

Cost Per Goal Of Top 25 Goalscorers Of The 2020/21 Premier League Season

Harry Kane won the Premier League’s Golden Boot award for the 2020/21 season, after scoring 23 goals in the league, beating out Liverpool’s Mohamed Salah by one goal. Kane’s footballing career started when he was offered a professional contract straight from Tottenham’s academy.

This makes Kane, only one of four players in the top 25 goalscorers list to have cost zero Euros in transfer fees for their current club, and by far the most prolific. Marcus Rashford is a product of Manchester United’s academy and also cost the club zero Euros in transfer fees. Edinson Cavani and Gareth Bale were also top attacking stars from the EPL last season, after both scored double-digit amounts of goals while on loan, costing their clubs 0 Euros in transfer fees.

Click HERE for infographics.

Of the players that were brought into the club on a transfer fee, Leicester City’s Jamie Vardy has provided the most significant return on a club’s investment. In 2012, Leicester City paid €1.24M to Fleetwood for Vardy and since then the Englishman has scored 118 PL goals for the club, an estimated cost per goal of just €10,510.

Everton’s Dominic Calvert-Lewin and Crystal Palace’s Wilfried Zaha are the only two other players from the top 25 list to have a cost per goal of less than €10K per goal. The most expensive CPG from the top 25 list belongs to Aston Villa’s Ollie Watkins with a CPG of €2.43M after just arriving at the club in September of 2020 for a fee of €34M.

Chelsea FC Pay Highest Cost Per Goal In 2020/21 Premier League Season

Of the notable attackers to not feature on the top 25 goalscorers list, former Manchester City Star Kun Aguero had the lowest CPG at just €217K per goal but the city legend has now departed for Barcelona. This gives Aston Villa’s Anwar El Ghazi the lowest CPG among current PL stars not included in the top 25 goalscorers list – €643K per goal.

Despite recently winning the illustrious Uefa Champions League, Chelsea’s trio of new signings, Havertz, Werner and Ziyech, have yet to justify the transfer fees paid to bring them on. After spending a combined €173M for the three attacking stars, their first season in West London resulted in a combined CPG of more than €14M per goal.

Rex Pascual, sports editor at Safe Betting Sites, commented; “After the financial challenges brought on by the pandemic, there’s a bit of a question mark as to how willing clubs are to splash out huge amounts of cash. The Euros are also about to begin which adds another variable to any potential transfer market value. I still expect the bigger clubs to invest heavily in this window, but we might not see as many transactions from smaller clubs.”

Food Price: Global Food Prices Keep Rising

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After the wholesale price of food initially slumped during the coronavirus pandemic, the global FAO Food Price Index has shown a steep increase since the fall.

Most recently, food around the world was more than 27 percent pricier than the 2014-2016 average, on which the index baseline of 100 points is calculated.

The May figure is the highest of any month in almost ten years.

Palm oil prices have been driving the increase in the index since the fourth quarter of 2020, but global cereal prices also showed an significant bump in the past months, together creating a level of food prices not seen in a decade.

Dry weather and production disruptions due to COVID-19 coupled with high global demand led to the depletion of palm oil inventories, in turn driving up prices. As transportation picked up again, biodiesel demand led to an increased need for soyoil. Both developments caused prices for vegetable oils to exceed the 2014-2016 average by almost 75 percent in May.

For cereals, strong demand from China increased prices, especially for sorghum, barley and corn. Worsening crop prospects in Latin America have also contributed to the increase in maize prices.

Speculation about whether the disruptions of the coronavirus pandemic would drive up food prices have been abound, but due to the COVID-related economic downturn and falling out-of-house demand, they actually decreased at the start of 2020, reaching a low one year ago.

According to the U.N., falling mineral oil prices also factored into the initial deterioration of food prices as many alternative fuels, which are made out of food stocks, saw demand fall. As the crisis wore on and some countries reopened at least temporarily, global demand and prices started to pick up again in the summer of 2020.

As the example of palm oil inventories shows, COVID-related disruptions (or those in which COVID-19 is a factor) do have the power to let prices trend upwards in the current market environment.

Europe’s Five Largest Accommodation And Restaurant Markets To Hit $418B Revenue

The accommodation and restaurant sector is still coping with the consequences of the COVID-19, more than a year and a half after the pandemic struck in europe.

Although bars and restaurants across Europe reopened in the last few months, the second wave of the pandemic significantly cut down their revenues, turning 2021 into another challenging year.

According to data presented by Stock Apps, the combine revenues of the accommodation and restaurant markets in Germany, the United Kingdom, France, Italy, and Spain, as the five largest markets in Europe, are expected to hit $418bn this year, $132bn less than before the pandemic struck.

UK’s Accommodation and Restaurant Revenues $41B Below Pre-Pandemic Levels, Twice the Revenue Loss in Germany

The German accommodation and restaurant industry, the largest in Europe, has been hit hard by the COVID-19 lockdowns. Unlike in some other European countries, the strict COVID-19 protective measures kept German bars and restaurants closed until a few weeks ago, causing huge revenue losses for the entire sector.

The Statista COVID-19 Barometer 2020 also showed Germans changed their opinion about the restaurants drastically amid the pandemic. Almost 50% of respondents stated they planned to avoid bars, pubs, and restaurants even once the restrictions are lifted.

In 2019, the German accommodation and restaurant sector generated $106.5bn in revenue, revealed the Statista data. After the pandemic struck, this figure plunged to $81.5bn in 2020. Although revenues are projected to rise by 6.3% to $86.6bn in 2021, this still represents a massive $20bn drop compared to pre-pandemic figures.

However, as the second-largest in Europe, the UK’s accommodation and restaurant sector is set to witness even bigger losses. Statista data indicate that bars and restaurants in the United Kingdom are expected to generate $93.6bn in revenue this year, $41bn less than in 2019.

Spanish Revenues to Plunge by 40% in Two Years, the Biggest Drop Among the Top Five Markets

The revenues of the French accommodation and restaurant market are forecast to remain 20% below pre-pandemic levels. In 2019, restaurants and bars in the country generated $118bn in revenue. With thousands of caterers closing their businesses amid the first and second wave of the pandemic, this figure is forecast to reach merely $95.4bn in 2021. Statistics show the French market is expected to completely recover in the next three years, with revenues rising to $125.5bn by 2023.

The Italian accommodation and restaurant market is expected to hit $88.7bn in revenue this year, compared to $100.3bn in 2019.

However, the Statista survey revealed Spain had taken the hardest hit among Europe’s top five markets. In 2019, the entire Spanish accommodation and restaurant sector generated $90.2bn in revenue. After slumping to $47.6bn in 2020, revenues are set to grow by 14% YoY to $54.4bn in 2020, a 40% drop in two years.

Peter Okoye (Mr. P) To Appear As Guest Judge On Nigerian Idol This Sunday

Things are getting even more exciting on the Nigerian Idol show as the competition approaches its finals. This Sunday, June 13, 2021, the trio of Seyi Shay, Obi Asika, and DJ Sose will be joined by superstar singer and dancer, Mr. P, on the judges’ table.

Mr. P, who is one-half of the defunct music group, P-Square, will be bringing his wealth of experience as a guest judge on the show. Over the course of his 20 years career, Mr P has won several awards and performed at concerts around the world. So it makes sense that he’ll be bringing all that experience to the competition which aims to produce the next set of music stars in the country.

Even though the power to decide who stays and who goes solely lies in the hands of the viewers at this stage in the competition, the contestants will no doubt be receiving tons of tips from the superstar that will help them improve on their performances and prepare them to succeed in the highly competitive music industry..

The Nigerian Idol platform provides a launchpad for young, talented Nigerians to achieve their dreams in music on the local and global stage. According to Africa Magic’s Channel Director, Wangi Mba-Uzoukwu, over 3,600 young Nigerians auditioned to be on the show this season. That number has been carefully pruned down to the top 6. And this Sunday, the contestant with the least votes out of the 6 will be going home.

Nigerian Idol Sponsors

Sponsored by Bigi Drinks and Tecno Mobile, Nigerian Idol Season 6 and airs every Sunday at 7pm on Africa Magic Showcase, Africa Magic Urban and Africa Magic Family. Available to customers on DStv PremiumCompact PlusCompactConfam and Yanga, and on GOtv Max and Jolli. Visit www.dstvafrica.com or www.gotvafrica.com and download MyDStv or MyGOtv Apps to pay your subscription or switch your package.

How Senegal prepared for COVID-19 surge

All treatment specialists working in treatment centres or in home-based care service were trained in the new treatment protocol

Senegal, June 12, 2021 – As the second wave of COVID-19 infections surged in early 2021, Senegal stepped up measures to cope with the anticipated rise in the number of patients needing critical care. Professor Daye Ka, Infectious and Tropical Disease Expert and member of Senegal’s COVID-19 task force, explains the steps taken to avert hospitals being overrun by a drastic rise in critically ill patients.

What measures were in place to better handle a rise in COVID-19 infections?

COVID-19 surge

The whole country was affected during the second wave of COVID-19 in February when around 300 cases were being reported daily. We were faced with a shortage of beds, especially resuscitation beds. We had 311 beds that had oxygen supply and an occupancy rate of 73%, with only 76 resuscitation beds that had a 56% occupancy rate.

So we added around 20 beds in [the capital] Dakar and in the regions. Medical oxygen supply in terms of quality and quantity was also overstretched. We set up additional temporary sites in some COVID-19 treatment centres in Dakar and in the regions as well as increased oxygen supply to avert shortages.

With the rise in cases came an increase in mortality, notably among older patients with underlying conditions such as hypertension, cardiovascular diseases, diabetes, obesity, asthma or chronic respiratory illnesses.

To improve treatment and reduce deaths, in addition to increasing the number of beds, especially resuscitation beds, we also brought in more experts in critical care. They included resuscitation specialists, respiratory disease experts, cardiologists, diabetes and kidney doctors, gynaecologists and obstetricians as well as experts in the care of older patients.

We also developed a treatment protocol to determine which patients were to be hospitalized and which were to be cared for at home, the type of treatment depending on disease severity ranging from mild to moderate, severe to critical, as we as depending on comorbidities.

By closely monitoring the treatment centres we were able to determine weaknesses and areas to reinforce with equipment, supplies and personnel.

How were these measures implemented and what difference did they make?

All treatment specialists working in treatment centres or in home-based care service were trained in the new treatment protocol. In anticipation of a surge in cases a new resuscitation centre was set up, but it was never used as cases began to drop.

It is not easy to assess the impact of these measures they were ready when infections started to decline. So it is not possible to make a correlation between the measures put in place and their impact. Further analysis may be necessary to determine any link.

What lessons have been learnt in stepping up readiness for the COVID-19 upsurge?

Firstly, it is important to share the treatment procedures and protocols with everyone in the health sector. It is also pivotal to include a variety of specialists to improve COVID-19 treatment because those most affected have comorbidities.

Thirdly, we had to regularly provide guidance to all the treatment specialists so that they were up to date with the latest scientific advancements about the virus as well as the therapies.

Without ramping up personnel, especially resuscitation experts, COVID-19 treatment would not have been efficient. Improving oxygen production, in quality and quantity, played a crucial role thanks to better equipping treatment centres. We also stepped up diagnosis and patient monitoring, particularly analysis and imaging.

What can be further improved to avert a new COVID-19 surge?

To forestall a new COVID-19 surge we need to work on several fronts. We need to strengthen disease surveillance at all levels to swiftly detect cases – this is critical for isolation and monitoring. From the onset of the first wave, Senegal opted for a home-based case for mild cases with no comorbidities as well as for those aged below 60 years to avoid overwhelming treatment centres.

Proper home-based care and observance of preventive measures are therefore very important to limit the spread of the virus. Additionally, people who have been in contact with COVID-19 patients must be monitored. Crucially vaccination must be expanded as much as possible.

Despite the COVID-19 fatigue among the population, preventive measures such as wearing masks, physical distancing as well as working with communities and educating people more about the virus must be stepped up.

Negative Performance In Local Bourse , NSE ASI Shed 14bps

The Local Bourse closed in red at the end of today’s trading session as the benchmark index declined by 0.14% to close at 39,156.28 points.

The Market Capitalization decreased by ₦31 billion to close at  ₦20.41 trillion.

The Sectoral Performance marginally strengthened as three of the five indices under coverage improved. The Oil and Gas, the biggest gainer, improved by 0.94%, followed by the Banking (0.05%) and Industrial (0.03%) indices respectively. On the flip side, the Insurance and Consumer Goods indices weakened by 0.56% and 0.15% respectively.

Investor sentiment strengthened in today’s trading session, as market breadth increased to 1.56x from 1.27x. This was illustrated by the advance of 25 stocks, led by  CUTIX (9.88%) and JAIZBANK (9.26%), and the decline of 16 stocks, led by CHAMPION(-10.00%) and NEM (-10.00%). Activity level improved as total volume and value increased by 82.54% and 58.26% respectively as investors exchanged about 289.08million units of shares worth over N3.55billion.

Fixed Income

Activity across the bond yield curve was bullish as 2 of the 4 bond yields under coverage declined, the 5-Year tenor (FGN-JAN-2026) yield increased by 0.24% while the 10-Year tenor (FGN-JUL-2030) remained constant at 13.10%. The FGN-APR-2023 and FGN-APR-2024  yields declined by 0.17% and 0.08% respectively.

Treasury bill yields for the 90, 180 and 365-day papers all increased to close at 4.72%, 6.28% and 9.77%.

We expect bullish momentum to return in the next trading session as the equities market still presents decent opportunities for investors chasing positive real return on investments.

MARKET SNAPSHOT

  • Negative Performance in Local Bourse, NSE ASI Shed 14bps
  • Bullish Sentiment across the Bond Yield Curve as 2 of the 4 Tenor Yields Declined.
  • Mixed Performance in Global Stocks 
  • Parallel Market maintains N502/$.
  • Bullish Sentiment across the Treasury Yield Curve as 2 of the 3 Tenor Yields Declined.

UBA, DEG Unveils USD 50M Loan Support For SMEs

United Bank for Africa (UBA) Plc, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership to provide a $50 million loan support to small and medium scale businesses (SMEs) in Nigeria.

The bank in a statement said the $50m Term Facility Agreement has a tenor of six years and is targeted at supporting SMEs and family-owned businesses in Nigeria.

UBA America’s Chief Executive Officer, Sola Yomi-Ajayi, who spoke about the partnership, said as a financial institution, UBA remains passionate about the growth of the private sector and small businesses which, according to her, remains critical for any developing country. She noted that the passion to see this sector succeed is what led both organisations to collaborate on this laudable feat.

Yomi-Ajayi, who is also the Global Head for Financial Institutions, Multilateral and Development Organizations, said, “At UBA Group, we are proud of this collaboration with DEG, particularly as it supports our financial intervention in the SME space, enabling financial inclusion, as well as facilitating economic empowerment.

Continuing, she said, “These objectives remain core aspects of our strategy, particularly as regards to facilitating the achievement of Sustainable Development Goals on the African continent.”

In his comments, DEG’s Regional Director for West Africa, Bernhard Tilemann, said, “DEG is delighted to enter into long-term cooperation with UBA in Nigeria and the region.

This cooperation will address the current economic challenges of the country while fostering private sector growth and impact in the largest economy of the continent.”

According to Tilemann, the funding provided by DEG is partly supported by EB-SME Finance Fund Emerging Markets, while the fund’s adviser is a 100% subsidiary of Evangelische Bank (EB).

De-Dollarization: Russia Removes US Dollar Assets From National Wealth Fund

Russia has reportedly announced that U.S. dollar assets will be removed from its National Wealth Fund as U.S. sanctions on Moscow intensify. The fund, which currently totals about $600.9 billion, forms part of Russia’s gold and currency reserves.
Russia’s finance minister, Anton Siluanov, announced at the St. Petersburg International Economic Forum on Thursday that dollar assets will be removed from the National Wealth Fund (NWF) altogether as Washington continues to impose sanctions on Moscow.
The finance minister further revealed that the changes will happen within the next month, after which the fund will likely hold the euro (40%), the yuan (30%), gold (20%), the Japanese yen (5%), and the British pound (5%). The dollar portion of the fund will be replaced by the euro, the yuan, and the pound.
Russia’s National Wealth Fund was initially designed to support the country’s pension system. It forms part of Russia’s gold and currency reserves. According to the publication, it totaled $600.9 billion as of May 27.
Timothy Ash, a senior emerging markets strategist at Bluebay Asset Manager, calls Russia’s decision to ditch the dollar “very political.” He believes that the move is meant to “send a signal” to the Biden administration with the message:
Russian President Vladimir Putin has made de-dollarization his country’s key policy in an effort to reduce the Russian economy’s exposure to dollar assets. The multi-year drive to reduce Russia’s vulnerability to U.S. sanctions comes amid deteriorating relations with Washington.
In January, Russia’s central bank published a report showing that gold had surpassed the U.S. dollars in the country’s reserves for the first time. Furthermore, Bitcoin News reported in August last year that Russia and China had been collaborating to reduce their dependence on the U.S. dollar, and trade settlements in USD between the two countries had fallen below 50%.

Read President Buhari’s June 12, 2021 Democracy Day Speech (Full Text)

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Below is the full speech delivered by President Buhari in commemoration of the country’s 2021 Democracy Day celebration.

SPEECH BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT AND COMMANDER IN CHIEF OF THE ARMED FORCES FEDERAL REPUBLIC OF NIGERIA ON THE OCCASION OF COMMEMORATION AND CELEBRATION OF DEMOCRACY DAY ON 12TH JUNE, 2021

Fellow Nigerians,

​I join you all today to commemorate and celebrate our Democracy Day. It is a celebration of freedom and a victory for one people, one country, and one Nigeria.

2.​As with all democracies we will always be going through improvement processes in our desire to reach the goal of a mature democracy, a strong, evolved and integrated nation-state to be reckoned with globally.

3.​In the last two years we have witnessed and overcome a good number of testy challenges that would have destroyed other nations especially relating to our collective security.

4.​The indefatigable CAN DO Spirit of the Nigerian has sustained us and would keep pushing us to put these challenges behind us.

5.​ Unfortunately some of these challenges came in the shape of violent outrages leading to the loss of lives of many of our dear compatriots and the destruction of some of our infrastructure, including those devoted to improving our democratic processes.

6.​Once again, I want to render my sincere and heart-felt condolences to the families and friends of our gallant service men and women who lost their lives in the line of duty and as a sacrifice to keep Nigeria safe.

7.​I extend the same condolence to the families and friends of our country men, women and children who were unfortunate victims of such senseless arsons, kidnappings and murders.

8.​I also share the pains of families and direct victims of ransom-seeking, kidnaped victims who went through unimaginable trauma in the course of their forced imprisonment.

9.​Let me assure my fellow citizens that every incident, however minor gives me great worry and concern and I immediately order security agencies to swiftly but safely rescue victims and bring perpetrators to justice.

Fellow Nigerians,

10.​ When you elected me as your President in 2015, you did so knowing that I will put an end to the growing insecurity, especially the insurgency in the North East, but the unintended consequences of our scattering them in the North East pushed them further in-country which is what we are now facing and dealing with.

11.​We will, by the Grace of God put an end to these challenges too.

12.​Unfortunately, like in most conflict situations, some Nigerian criminals are taking undue advantage of a difficult situation and profiteering therefrom with the misguided belief that adherence to the democratic norms handicaps this Administration from frontally and decisively tackling them. ​

13.​We are already addressing these obstacles and we will soon bring some of these culprits to justice.

14.​We are, at the same time addressing the twin underlying drivers of insecurity namely poverty and youth unemployment.

15. ​Interventions led by Government and the Central Bank of Nigeria driving economic growth over the past 6 years are targeted mostly to the agricultural, services, infrastructure, power and health care sectors of the economy.

16.​In the Agricultural sector, for instance, the Anchor Borrowers Programme resulted in sharp decline in the nation’s major food import bill from $2.23billion in 2014 to US$0.59billion by the end of 2018.

17.​Rice import bill alone dropped from $1 billion to $18.5 million annually.

18.​This initiative supported the local production of rice, maize, cotton and cassava. The government financed 2.5 million small-holder farmers cultivating about 3.2 million hectares of farmland all over the country and created 10 million direct and indirect jobs.

19.​Several other initiatives, namely AgriBusiness/Small and Medium Enterprise Investment Scheme, the Non-oil Export stimulation Facility, the Targeted Credit Facilities operated across the 774 Local Governments.

20.​In the manufacturing sector the CBN – BOI N200 billion facility financed the establishment and operations of 60 new industrial hubs across the country, creating an estimated 890,000 direct and indirect jobs.

21.​The CBN’s N50 billion Textile Sector intervention Facility increased capacity utilization of ginneries from 30% to nearly 90%.

22.​The Economic Sustainability Plan – our rebound plan for the COVID-19 pandemic developed in 2020 is currently being executed. The plan is primarily focused on the non-oil sector, which has recorded phenomenal growth contributing over 90% to the GDP growth in Q1 2021.

23.​Though marginal we have recorded GDP growth over two quarters; Q2 2020 and Q1 2021. This is evidence of a successful execution of the ESP by the Federal Government.

24.​My vision of pulling 100 million poor Nigerians out of poverty in 10 years has been put into action and can be seen in the National Social Investment Programme, a first in Africa and one of the largest in the world where over 32.6m beneficiaries are taking part. We now have a National Social register of poor and vulnerable households, identified across 708 local government areas, 8,723 wards and 86,610 communities in the 36 States and the FCT.

25.​Our conditional cash transfer program has benefited over 1.6 million poor and vulnerable households comprising more than 8 million individuals. This provides a monthly stipend of N10,000 per household.

26.​I have also recently approved the National Poverty Reduction with Growth Strategy Plan that augments existing plans to further reduce poverty in Nigeria.

27.​As at the end of 2020, the Development Bank of Nigeria had disbursed 324 billion Naira in loans to more than 136,000 MSMEs, through 40 participating Financial Institutions. I am to note that 57% of these beneficiaries are women while 27% are the youth.

28.​We are able to do all these and still accelerate our infrastructure development through sensible and transparent borrowing, improved capital inflow, improving and increasing revenue through capturing more tax bases and prudent management of investment proceeds in the Sovereign Wealth Fund.

Fellow Nigerians,

29.​Our infrastructure revolution continues with key projects attaining critical milestones under the Presidential Infrastructure Development Fund; The Second Niger Bridge, The Lagos- Ibadan Expressway and the Abuja-Kaduna-Zaria-Kano Expressway.

30.​I have also approved the establishment of Infraco Plc, a world-class infrastructure development vehicle wholly focused on Nigeria with a capital structure of N15 trillion.

31.​The rail system is not left out as the Itakpe-Warri standard gauge rail was completed and commissioned 33 years after construction began. The Lagos-Ibadan double track railway line which I have just commissioned has commenced operations.

32.​We are focused on ensuring that our infrastructure drive is key to economic growth and one that can be felt by every Nigerian. Building critical infrastructure in our ports is also opening up opportunities for the Nigerian economy.

33.​My approval for 4 new seaports using a Public-Private-Partnership approach is hinged on growing the Nigerian economy. These four sea ports; Lekki Deep Sea Port, Bonny Deep Sea Port, Ibom Deep Sea Port and Warri Deep Sea port will create massive job opportunities and foreign investment inflows.

34.​We have worked at deepening our Eastern ports leading to success like having three container ships berth at Calabar port, a first in 11 years. Similarly, on October 30 2019, an LPG tanker operated by NLNG berthed in Port Harcourt, the first time an LPG ship is berthing at any of the Eastern Ports.

35.​As we invest in these new assets, we have also made strides in ensuring that they are secured and protected. In this regard I am also pleased to note the launch of the NIMASA Deep Blue project – which is an Integrated National Security and Waterways Protection Infrastructure that I recently commissioned. This initiative is designed to add to the layer of security we have to safeguard our maritime sector.

Dear Nigerians,

36.​I will be the first to admit that in spite of our efforts and achievements which are there for all to see, there is still much more to be done and we are doing our best in the face of scarce resources and galloping population growth rate that consistently outstrips our capacity to provide jobs for our populace. Our over-all economic target of lifting 100 million Nigerians out of poverty in 10 years is our goal notwithstanding COVID-19.

37.​In the last two years we lifted 10.5 million people out of poverty – farmers, small-scale traders, artisans, market women and the like.

38.​I am very convinced that this 100 million target can be met and this informed the development of a National poverty Reduction with Growth Strategy. The specific details of this accelerated strategy will be unveiled shortly.

39.​In the last one year, Nigeria and the whole world faced COVID-19 for which no one was fully prepared.

40.​Our response to the pandemic involved making hard choices in balancing livelihoods and public health concerns. You are all living witnesses to how successful this has been due to a number of pro-active measures put in place. Our response to COVID-19 is globally acclaimed.

41.​We were able to ensure that the various lockdown measures did not impact too negatively on the ability of ordinary Nigerians to continue sustaining their livelihoods.

42.​During the pandemic, we disbursed N5,000 to 1 million Nigerians using a Rapid Response Register and advanced N20,000 to 750,000 beneficiaries of the Conditional Cash Transfer Progamme and provided 1.37 million Nigerians with palliatives from CACOVID.

43.​At the same time the Federal Government released 109,000 metric tonnes of food reserve stocks and 70,000 metric tonnes of grains to the poor and vulnerable in all 36 states of the federation.

44.​In addition, Government reduced interest rates from 9% to 5% for struggling businesses and extended credit facilities to 548,345 beneficiaries.

Fellow Nigerians,

45.​When this administration decided to change our Democracy Day from 29th May to June 12th in my first tenure, it was not only to honour the sacrifices of the men and women of our country who fought for the return to democracy but also to demonstrate our commitment to satisfy the aspirations of the people and creating an environment for democracy to be an accepted way of life.

46.​As your President, I remain committed to providing an enabling environment for a free, fair and credible electoral system under my tenure.

47.​However, you need to play your part by getting involved at any level you can supporting a democratic system that works for all and not for a section or a select few and demand accountability from your elected leaders.

48.​My commitment to bequeathing a sustainable democratic culture remains resolute, my pursuit of a fair society remains unshaken and my desire to see that Nigeria remains a country for each and every one of us has never been stronger.

49.​In responding to the challenges that this period imposes on us, Government also recognizes the need to acknowledge notions of marginalization and agitations for constitutional amendments among various segments of our population.

50.​While this government is not averse to constitutional reform as part of our nation-building process, everyone must understand that the primary responsibility for constitutional amendments lies with the National Assembly.

51.​This body which, as I said, is the arm of government responsible for constitutional changes has concluded the preliminary stages of amending and improving our constitution in a way that the majority of Nigerians will be happy with.

52.​Government is, however, willing to play a critical role in the constitutional amendment process without usurping the powers of the National Assembly in this regard.

53.​As a nation we have come very far from where we started and we are getting incrementally closer to where we ought to be.

54.​Overcoming the present challenges is but one of a necessary process that we have to undergo as a nation so that we can come out stronger. The day I joined the Nigerian Army I was prepared to lay down my life for Nigeria.

55.​As your President I remain ever committed to upholding and defending Nigeria’s Corporate existence.

56.​In adhering to the Fundamental Objectives and Directive Principles of State Policy notably section 14(2)(b) I shall do all within my power to ensure that the Security and welfare of the people remain the primary purpose of government.

57.​I have, throughout my tenure, provided the security agencies with all they require relative to available resources and will be providing more as the dynamics unfold to put an end to our security problems.

58.​My strong belief in the Nigerian spirit gives me comfort that we are facing these challenges with renewed commitment to keep our country one.

59.​I thank you for your patience and attention and more importantly your resolve to join hands in making Nigeria the country of our dream.

​Happy Democracy Day! God Bless us All, God Bless the Federal Republic of Nigeria.