His Excellency, Atiku Abubakar and Peoples
Democratic Party’s candidate, on Monday
launched his 2019 presidential campaign with the unveiling of his policy
documents, which contain his "vision to Get Nigeria Working Again".
He tagged the documents “The Atiku Plan”.
The policy document analysis for “The Atiku Plan” is as follows;
1. A firm commitment to the promotion of a private sector-driven,
competitive and open economy supported by efficiently run public institutions.
2. Promoting economic diversification and linkages between
agriculture, industry and micro and small enterprises all three of which have
great prospects for employment generation and poverty reduction.
3 A supportive enabling business environment.
4 A stable macro-economic environment: We shall deepen monetary
and fiscal reforms to promote a stable macro-economic environment
5. Increasing the flow of direct foreign Investment (FDI) into the
non-oil sector
Working towards achieving the lowest corporate income tax rate in
Africa, in order to make Nigeria one the most attractive destinations for
foreign direct investment;
Agriculture
6. Strengthen the markets for agricultural commodities
through the establishment of private sector-led commodities exchanges around
the major crop production in all regions of Nigeria (Building farm to market
roads).
7. Encourage investment in Agro-processing cluster by offering
concessional financing, tax breaks and seed funds for upgrades or construction
of access roads, embedded power plants and water/waste management systems.
8. Support women engaged in agricultural activities.
On Manufacturing
9 Achieve a sustained increase in manufacturing output. By 2025,
the manufacturing sector's output shall be expanded from 9% to 30% of GDP achieve
a diversified production structure with more processing of domestic raw
materials, a select list of light, intermediate and heavy goods industries and
a substantial complement of manufactured exports.
On Oil and Gas Sector
10. By 2025, Nigeria shall produce a minimum of 5 million per
barrels per day
Increase the contribution of the downstream sector to GDP from
<0.5% to at least 2% by 2025 by increasing the quantity of petroleum being
refined, consumed and exported. Also, expand domestic gas production to meet
power generation and manufacturing demand.
11. To improve domestic supply of refined petroleum products
government will incentivize those investors that are willing to cite modular
refineries in the North to source crude from neighbouring Niger and Chad via
pipeline to be constructed under Public Private Partnership
12. We shall embark on the digitalization of the internal
processes of the NNPC. Similarly, we shall ensure timely publication of revenue
earnings from Petroleum operations by CBN and Federal Ministry of Finance
13. We shall deal decisively with security issues, pipeline
vandalism and crude oil theft. We shall, deploy modern technology in pipeline
surveillance.
14. We shall intensify our engagement with local communities in
the oil production zones to understand their grievances and workout best ways
to ameliorate their social and economic conditions
On Expanding Nigerian Export Base
15. As we double our refining capacity to 2 million barrels of
crude daily, we shall aspire to export 50% of that capacity to ECOWAS member
states.
16. Mandate the Nigeria Export Promotion Council (NEPC), the
Nigeria investment Promotion Council (NIPC) and other stakeholders to develop a
strategy for engaging in preferential and beneficial economic and trade
relations with a post BREXIT United Kingdom, without the ambiguity that comes
with negotiating with the EU. Under our administration, Nigeria shall take
maximum advantage of and improve our existing trade agreements for the benefit
of Nigerians.
17. Substantially increase the manufactured export funding window
(the Export Stimulation Fund) currently, N700 billion to N1.5 trillion to
enhance access to credit by manufacturers of finished, non-oil products.
On Public-Private Sector
Partnership
18. The privatization of State-Owned Enterprises including all
three government-owned refineries and the concession of Nigeria's sea and
airports to reputable, strategic, and technically sound buyers
19. The liberalization of the downstream sector of the petroleum
industry to, among others, allow market-determined prices for Petrol Motor
Spirit (PMS) and eliminate subsides for its consumption.
20. Set up a Special Purpose Fund for the utilization of all
monies saved from subsidy removal in building infrastructure in education,
health and the empowerment of women and youth
21. Accelerating the privatization and decentralization of the
Transmission Company of Nigeria (TCN)
22. Concessioning segments of the national grid to the private
sector
On Youth Empowerment
23. Creation of up to 3 million self-and wage-paying employment
opportunities in the private sector annually, across all the economic sectors,
including agriculture, manufacturing, MSMEs, ICT and Sports and Entertainment
24. Champion the repositioning and streamlining the activities of
the existing Federal and State Government Job Creation Agencies to ensure that
their objectives are harmonized, and efforts and resources are better
25. There will be established a system of payment of feeding
stipends during the training period either by direct cash payment or by use of
a food voucher system in order to support indigent trainee-beneficiaries
26. Lift at least 50 million people out of extreme poverty by 2025
27. An estimated 1,000,000 youth shall benefit annually from our
apprenticeship scheme in the informal sector
On Transportation Infrastructure
28. Construction of up to 5,000 Km of modern railway lines
29. Develop the Lagos – Abuja rail network on the standard gauge
system
30. Undertake immediate operational improvements to significantly
decongest Lagos ports.
31. Define time-lines for completion of concessions granted from
inland/dry port development
On Power Infrastructure
32. Ensure effective regulatory environment to deliver
contract-based electricity market compliant with market rules
33. Intensify rural electrification projects to ensure electricity
access to over 80 million Nigerians currently without access to grid
electricity
34. Create an environment that will enable distribution companies
recover full costs for power supplied to their consumers with firm commitment
to a metering program for all customers
Refining and Petrochemical
Infrastructure
35. Prioritize investment in nameplate capacity and ensure that
Nigeria starts to refine 50% of its current crude oil output of 2 million bpd
by 2025
36. To increase the nation's refining capacity, we shall privatize
all four-outstanding government owned refineries to competent off-takers with
mandates to produce agreed levels of refined output.
The Management Of Economic
Resources
37. Slow down the rate of debt accumulation by promoting more
Public Private Partnerships in critical infrastructure funding and identify
more innovative funding options.
38. Review the current utilization of all borrowed funds and
ensure that they are deployed more judiciously specifically; we will ensure
that all borrowed funds are for priority infrastructure projects that would
generate income, boost output and put the economy on the path of sustainable
growth.
39. Intensify efforts to enhance the internal revenue generating
capacity of all three tiers of government
40. Quantify budgetary leakages and redirect to priority savings
to priority areas (education, health, funding of revised compensation
structure). Based on the above, deliverables can be specified and monitored
accordingly
On Niger Delta
41. Relocate the Niger Delta Ministry from Abuja to the region to
enable it become closer to the stakeholders and beneficiaries of the
initiatives
On Restructuring
42. Local Governments shall remain as independent tier of
government. Grassroots development requires the recognition of the Local
Governments as independent structures of government not as appendages to the
office of the State Government
43. Governments shall remain as independent tier of government.
Grassroots development requires the recognition of the Local Governments as
independent structures of government not as appendages to the office of the
State Governor
44. Once power over minerals and mines is devolved to the
concurrent list, states where deposits of mines and mineral resources are found
will have control over those resources and only pay royalties to the center.
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