Presidency lists ‘jinxes broken’ by Buhari’s administration

He said a giant-sized jinx was broken recently when the Nigerian National Petroleum Corporation

The Presidency has listed numerous jinxes broken by the Buhari administration in recent times.

Presidential spokesman Femi Adesina listed the jinxes in a special write-up on Sunday in Abuja.

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He said a giant-sized jinx was broken recently when the Nigerian National Petroleum Corporation announced a first net profit in the 44-year history of the organisation.

He said under Buhari, who doubles as the Minister for Petroleum Resources, the NNPC announced a first-ever profit of N287bn, saying such had never happened before.

He listed other jinxes broken to include the “Petroleum Industry Bill signed into law in 2021, after almost two decades in the works; Deep Offshore and Inland Basin (Production Sharing Contracts) Act, 2019, amended for the first time since 1993.

“More than $6bn of inherited cash call arrears now being cleared by the Buhari administration, since 2016.

“More than $3bn of the arrears (payments due to International Oil Companies) have since been paid,“ Adesina said.

Among other things, he said the Buhari administration had also overseen the first successful Marginal Fields Bid Round in almost 20 years.

“The Buhari administration has launched the first National Social Investment Programme in the country’s history. Today it is the largest Social Investment Programme in Africa and one of the largest in the world.

“Restoration of the Federal Budget to a January-to-December cycle, after more than a decade, he said. (NAN)