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General News of Thursday, 9 June 2022


2023 Election: Atiku's economic policy agenda

Atiku Abubakar, PDP Flagbearer Atiku Abubakar, PDP Flagbearer

As the 2023 election draws near, flagbearer of the Peoples Democratic Party Atiku Abubakar has released his major agenda.

Although national security seems to be top of his list due to its critical nature and its impact on every sector, Atiku Abubakar has listed three major principles that will guide him on his journey in restructuring the country.

On his Twitter page, he said that, "our economic agenda has a comprehensive objective of providing a more hospitable environment for businesses to thrive and create jobs and wealth for Nigerian citizens."
Under this, he intends to be guided by these 3 principles;

1. Re-affirm the criticality of private sector leadership and greater private sector participation in development; while repositioning the public sector to focus on its core responsibility of facilitation and enabling the appropriate legal and regulatory framework for rapid economic and social development.

2. Break government monopoly in all infrastructure sector, including the refineries, rail transportation and power transmission and give private investors a larger role in funding and managing the sectors, thus emulating the benefits accrued in the oil & gas and telecoms sectors.

3. Allow the market greater leverage in determining prices. This way we shall eliminate the persistent price distortions occasioned by current interventionist exchange rate management policy. Government intervention, where absolute necessary, will be done responsibly and judiciously.

Beyond this, the party flagbearer also believes concentrating on national security will secure the citizens and restore peace and unity among Nigerians.

These are the 7 ways he intends to tackle this;

1. Ensuring the security of lives and properties and the dignity of Nigerians by restructuring and enhancing the funding of our security agencies as well as training of security personnel.

2. Restoring merit and professionalism in the process of recruitment, appointment and promotions enshrined in the acts establishing the security outfits and their extant rules and regulations.

3. Implementing a Special Presidential Welfare Initiative for our security personnel.

4. Increasing the number of security personnel to meet the security needs of over 200 million Nigerians. We shall conduct systemic and guided recruitment exercise of up to one million security challenges and meet the UN police to citizen ratio of 1:450.

5. Employing the tools of strategic engagement with state and non-state actors in theatres of conflict.

6. Promoting Police-Community relations to build mutual trust and confidence as a proactive strategy for crime prevention and control.

7. Streamlining the functions and operations of security outfits like the NDSCDC, FRSC, among others to foster synergy, and intelligence sharing in order to make them more effective.

Atiku also has noted how his administration intends to handle the private sector adding that repositioning the private sector is an integral part of his economic policy.

1. Liberate and deregulate the economy (breaking government monopoly in many sectors).

2. Provide efficient infrastructure to reduce production costs.

3. Review the incentive structure.

4. Provide selective and time-bound protection to priority enterprises.