Notable Reforms of IBB
Under the Babangida administration Nigeria demonstrated to the world its capacity to play the highest leadership role in African affairs. The formation of the West African Peace Monitoring Force, ECOMOG (a Babangida initiative), anchored by bold and heroic Nigerian troops, brought peace to war-torn Liberia and Sierra Leone, an achievement that further cemented the role of Nigeria as the great protector and promoter of international peace.
Other Notable Reforms and People-Oriented Programmes
1. Abrogation of Decree No 4 (Protection of Public Officers Against False Accusation Decree) 1984
2. Abrogation of import and export licensing regime
3. Dissolution of Nigerian National Supply Company
4. Abolition of commodity marketing boards
5. Elimination of price control
6. Reduction of import duties on newsprint
7. Ban on the importation of rice
8. Ban on importation of wheat
9. Establishment of the National Planning Commission
10. Institutionalizing Central Bank autonomy
11. Establishment of the Nigerian Export Import Bank (NEXIM)
12. Deregulation of capital and financial markets
13. Establishment of the Nigerian Deposit Insurance Corporation (NDIC)
14. Establishment of National Economic Reconstruction Fund (NERFUND)
15. Abolition of fixed exchange rate for the naira
16. Establishment of the Peoples Bank
17. Licensing of more banks and finance houses
18. Introduction of community banking system
19. Introduction of bureaux de change
20. Establishment of stable tariff regime
21. Introduction of civil service reforms
22. Establishment of the Political Bureau and conduct of nationwide public debate on the IMF loan
23. Introduction of two party political system
24. Introduction of Open Ballot and Option A4 voting System
25. Introduction of Local Government Reform
26. Educational sector reform and the Introduction of 6-3-3-4 System
27. Establishment of more federal Universities and Polytechnics
28. Establishment of the Technical Committee on Privatization and Commercialization of Public Enterprises under which 55 public enterprises, including nine banks, were privatized through public offers on the Nigerian Stock Exchange
29. Reform of obsolete colonial laws; and abrogation of law making ‘’wandering’’ an offence
30. Establishment of the Urban Mass Transit Programme
31. Institution of the Primary Healthcare Programme
32. Establishment of the National Commission for Women
33. Establishment of the Federal Environmental Protection Agency
34. Enactment of Copyright Law and establishment of Copyright Council
35. Allocation of oil prospecting acreages to Nigerian oil companies
36. Establishment of the National Agricultural Land Development Authority
37. Establishment of special supervised Agricultural and Industrial Credit Schemes
38. Establishment of the Nigerian Export Processing Zones Authority (NEPZA) and the creation of the Calabar EPZ
39. Conduct of the 1991 National Population Census
40. Establishment of the Federal Road Safety Corps
41. Establishment of the National Health Insurance Scheme
42. Establishment of the National Agency for Food and Drug Administration And Control (NAFDAC)
43. Establishment Of the Oil Mineral Producing Areas Development Commission (OMPADEC), now the Niger Delta Development Commission
44. Establishment of the National Boundary Commission
45. Establishment of National Communications Commission
46. Establishment of the National Broadcasting Commission
47. Institutionalizing of the National Housing Fund
48. Establishment of the National Drug Law Enforcement Agency (NDLEA)
49. Establishment of Revenue Mobilization, Allocation and Fiscal Commission
50. Reorganization of Nigerian Police into Zone commands
51. Establishment of National Guard
52. Reduction in the size of the military
53. Reorganization of security services into three arms from the former single Nigerian Security organization, i.e. State Security Service, National Intelligence Agency, Defence Intelligence Agency
54. Resumption of diplomatic relations with Israel
55. Establishment of Technical Aid Corps
Major Projects Completed
1. Federal Government Secretariat (Phase 1 & 11), Abuja
2. International Conference Centre, Abuja
3. Abuja International Airport (Phase 1 & 11)
4. The Presidential Villa, Abuja
5. National Assembly Complex, Abuja
6. The Supreme Court Complex, Abuja
7. Lagos Third Mainland Bridge
8. Abuja-Kaduna-Kano road dualization
9. Itakpe-Ajaokuta-Warri-Ore standard-gauge railway line
10. Digital telecommunication gateways: Lanlate (North), Enugu (East), Lagos (West)
11. Onne Fertilizer Plant in Rivers State
12. Kaduna Superphosphate Fertilizer Plant
13. Warri Petrochemical plant
14. Elesa Eleme Petroleum Refinery in Rivers State
15. Kaduna Petrochemical plant
16. The Escravos-Lagos Gas pipeline
17. Jebba and Shiroro hydro-electricity projects
18. Egbin Thermal Power Station in Lagos
19. Challawa Gorge Dam
20. Nigeria House in New York, USA
21. Ajaokuta Steel Plant (Phase 1)
22. The Liquefied Natural Gas (LNG) Project, Bonny
23. The Oso Condensate Plant in Akwa Ibom State
24. NNPC headquarters in Abuja
25. Aluminium Smelter Plant in Akwa Ibom State
26. Niger Dock (Africa’s largest dry dock), Snake Island
27. Nigerian Machine Tools Manufacturing Co., Oshogbo
28. Military cantonments, Abuja
29. National Intelligence Agency administration headquarters
30. Nigerian Security Printing and Minting Company factory, Abuja
For the best future of Nigeria and Africa, together we can change a nation
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