Olusegun Obasanjo

2007 Major Reforms Public Procurement Act 2007 Created the Bureau of Public Procurement (BPP) and established due-process rules for federal contracts. Mandated open competitive bidding, contract thresholds, and Standing Tenders Boards. Completed 2007 Major Reforms National Identity Management Commission Act 2007 Created NIMC and the National Identification Number (NIN) framework. Foundation for every later digital-identity programme — SIM linking, BVN, PVC, eNaira, ID-as-a-service. Completed 2007 Rail ·$8.3bn (framework) Lagos-Kano narrow-gauge rail rehabilitation ($8.3bn signing) Oct 2006 contract with CCECC to rebuild the colonial 1,315 km Lagos-Kano line as standard-gauge — $8.3bn financed via Chinese EXIM. Set the precedent for every later FG-CCECC rail deal; mobilisation completed before handover. Completed 2007 Telecom & Digital ·$311m NigComSat-1 — first communications satellite Africa's first geostationary communications satellite, launched May 2007 from Xichang, China by Great Wall Industry Corp. Failed in 2008 (solar-array failure); replaced by NigComSat-1R under Jonathan. Completed 2007 Power & Energy ·~$8.6bn National Integrated Power Project (NIPP) — initiation Initiated 2004 to build 10 federal-government power stations totalling ~5,455 MW (Geregu, Omotosho, Olorunsogo, Calabar, Egbema, Alaoji, Ihovbor, Sapele, Gbarain, Benin). Financing locked through Excess Crude Account; Niger Delta Power Holding Company set up 2005 to deliver. Buildout completed under Jonathan (see jonathan-nipp-genco-buildout). Completed 2007 Aviation & Ports ·$200m (private) Murtala Muhammed Airport Terminal 2 (MMA2) Bi-Courtney Aviation Services concession; built and operated under BOT. Domestic terminal opened April 2007 — Nigeria's first major airport PPP. Completed 2007 Major Reforms National Economic Empowerment and Development Strategy (NEEDS) Multi-year economic blueprint launched 2003 by Economic Team (Okonjo-Iweala, Soludo, El-Rufai, Nasir Ahmad). Anchored the privatisation/deregulation agenda + macro stability that delivered 7%+ GDP growth. Completed 2006 Major Reforms ·$12.4bn paid / $18bn written off Paris Club $18bn debt forgiveness Nigeria paid $12.4bn over 2005-2006 in exchange for $18bn write-off from Paris Club creditors — exit from the Club. Unlocked sustained fiscal space for the next decade. Completed 2006 Rail 25-Year Strategic Rail Modernisation Plan Cabinet approval (Sep 2002) of a 25-year roadmap to convert the entire narrow-gauge network to standard gauge and add 7 new corridors. Foundation for every SGR project Nigeria has built since — Lagos-Ibadan, Abuja-Kaduna, Itakpe-Warri all trace back to this blueprint. Completed 2006 Telecom & Digital NITEL/M-Tel privatisation Privatisation of the state telecom monopoly NITEL + its mobile arm M-Tel. The sale to Transcorp (2006) collapsed; assets later reverted. The reform mattered more than the buyer — it locked in the competitive market the GSM licences had opened. Completed 2005 Major Reforms ·₦25bn min cap Banking Sector Consolidation (₦25bn minimum capital) CBN under Soludo raised minimum capital from ₦2bn to ₦25bn (Dec 2005 deadline). Reduced 89 banks to 25 mega-banks through M&A. Foundation for Nigeria's present-day banking system (GTBank, Zenith, Access, UBA scale). Completed 2005 Education & Social National Health Insurance Scheme (NHIS) Launched 2005 to deliver universal health coverage starting with federal civil servants. Reformed into the National Health Insurance Authority (NHIA) by Act 2022. Completed 2004 Education & Social Universal Basic Education (UBE) Act Made 9 years of basic education (6 primary + 3 junior secondary) free and compulsory. Created UBEC to administer matching grants to states. Completed 2004 Major Reforms ·₦20tn+ AUM today Pension Reform Act 2004 — Contributory Pension Scheme Created the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom), and licensed Pension Fund Administrators. Replaced the unfunded defined-benefit system with portable individual accounts. Assets under management grew to ₦20tn+ by 2024. Completed 2003 Major Reforms ·~$11bn recovered (to 2007) Economic and Financial Crimes Commission (EFCC) Established 2003 (with full Act 2004) under Nuhu Ribadu to investigate financial crimes — money laundering, 419 fraud, public-fund theft. Recovered ~$11bn in assets by end-of-tenure 2007. Completed 2003 Telecom & Digital ·~$13m NigeriaSat-1 — first earth-observation satellite Built by Surrey Satellite Technology UK for the National Space Research and Development Agency (NASRDA); launched September 2003 from Plesetsk Cosmodrome. Completed 2003 Aviation & Ports Total Radar Coverage of Nigeria (TRACON) launch 2000 launch of the TRACON programme through NAMA — replaced piecemeal radar with continuous primary + secondary surveillance across Nigerian airspace. Completed 2010 under Yar'Adua/Jonathan; enabled commercial CAT-3 ILS at Lagos/Abuja. Completed 2002 Roads & Bridges Federal Roads Maintenance Agency (FERMA) Established by Act of National Assembly to take over routine maintenance of all federal roads (≈35,000 km) from the Federal Ministry of Works. Completed 2001 Telecom & Digital ·~$285m (licence proceeds) GSM Liberalisation NCC issued mobile licences to MTN, Econet (now Airtel), Globacom and Mtel, ending the NITEL monopoly. Active phone lines jumped from ~400,000 in 1999 to >30 million by 2007 — Nigeria's single largest economic-mobility reform. Completed 2000 Major Reforms Niger Delta Development Commission (NDDC) Established by Act 2000 to coordinate the development of the nine oil-producing states. Funded by 3% of total federal oil revenue plus 15% of statutory allocations to oil-producing states. Completed 2000 Major Reforms Independent Corrupt Practices Commission (ICPC) Established by Act 2000 as the first dedicated federal anti-corruption agency. Mandate covers investigation and prosecution of corruption-related offences across public service. Completed 1999 Aviation & Ports Federal Airports Authority of Nigeria reorganisation (FAAN Act) 1999 FAAN Act reorganisation — set up the modern FAAN to manage 22 federal airports as commercial undertakings rather than civil-service line items. Created the runway-charge / passenger-service-charge regime that funds airport operations today. Completed