He stated this at the 2012 PDP National Convention held in Abuja on Saturday.
He said in the last 13 years, PDP governments had also carried out far-reaching reforms in the various sectors of the economy to serve as building blocks for sustainable development and to grow the capacity in local production and improve the quality of service delivery.
The president who was represented by Vice-President Namadi Sambo, said the government was at various levels in the implementation of reform policies in key sectors of the economy.
“I assure you that very soon, tangible results will begin to come in, for Nigerians to appreciate some of the tough decisions we have had to take in the last two years to improve the quality of life of our citizens.
“In recent times, the economic reforms implemented by the PDP administration led to increase in our oil production, up to 2.6 million barrels per day.
According to him, the implementation of the local content policy in the oil and gas sector is also helping to grow indigenous capacity.
He further maintained that investments were being encouraged in the power sector, and a comprehensive roadmap for the power sector was being implemented to stabilise power supply in the country.
“We are rehabilitating all our hydro-power plants for optimal capacity utilisation, alongside the construction of 10 power plants of which three will be commissioned this year.
“This is in addition to renewing our transmission and distribution capacity to ensure adequate power supply to all parts of the country.”
The president added that the government had resolved to make Nigeria a major player in the international gas market through the implementation of the Nigerian Gas Master-Plan.
He said already the country had designed a framework for the expansion of gas infrastructure within the domestic market to boost commercial exploitation of gas for domestic consumption and export.
Jonathan noted with delight that “Nigeria’s exit from the Paris Club, a feat achieved under a PDP-led administration, has freed more resources that now go into investment in human capital and economic development annually.”