On the Economy: I will 1. Maintain sound Micro and macro‐economic policy environment, and run an efficient government and preserve the independence of the Central Bank; 2. Restore financial confidence in the citizens and the world, by putting in place a more robust monitoring, supervising, and regulating of the financial institutions; 3. Make our economy one of the fastest growing emerging economies in the world with a real GDP growth averaging at least 10-12% annually 4. As at 1999, Nigerian rate of unemployment stood at about 8%, today it is estimated from official statistics to be close to 30%. I will embark on vocational training, entrepreneurial and skills acquisition scheme for graduates along with the creation of Small Business Loan Guarantee Scheme to create at least 5 million new jobs by 2019. A Small and Medium Enterprises Development Commission will be created for this purpose. I will also encourage State Governments to focus on employment creation, by matching everyone job created in the same state. 5. Integrate the informal economy into the mainstream and prioritize the full implementation of the National Identification Scheme to generate the relevant data; 6. Expand domestic demand and will undertake associated public works programmes to achieve this goal; 7. Embark on export and production diversification including investment in infrastructure; promote manufacturing, through Agro Based industries; and expand and promote sub‐regional trade through ECOWAS and AU; 8. Make Information Technology, Manufacturing, Agriculture and Entertainment key drivers of our economy, by reviewing the present reward system, which is based on certification, to that based on skills, competencies, and performances; 9. Balance the Nigerian economy across regions by the creation of 6 Regional Economic Development Agencies (REDAs) to act as sub‐regional hubs in order to promote healthy regional competitiveness; 10. Put in place a N300bn Regional Growth Fund with an average of N50bn in each geo‐political region; to be managed by the REDAs, to encourage private sector enterprise and to support places currently reliant on only on the public sector, to migrate to a private sector reality; 11. Amend the Constitution and the Land Use Act to create freehold/leasehold interests in land along with matching grants for states to create a nationwide electronic land title register on a state by state basis; 12. Create an additional middle‐class of at least 4 million new home owners by 2019 by enacting a national mortgage single digit interest rates for purchase of owner occupier houses as well as review the collateral qualification to make funding for home ownership easier, with a 15 to 30 year mortgage terms. This will equally help our banking system migrate from short to long term perspective of their role in sustaining the economy. 13. Create a Social Welfare Program of at least Five Thousand Naira (N5000) that will cater for the 25 million poorest and most vulnerable citizens upon the demonstration of children’s enrolment in school and evidence of immunisation to help promote family stability. 14. Provide allowances to the discharged but unemployed Youth Corps members for Twelve (12) months while in the skills and entrepreneurial development programmes.
Posted on: Fri, 12 Dec 2014 22:30:12 +0000
Trending Topics
Recently Viewed Topics
© 2015