Atiku unveils 8 action-plan for 2019 without anti corruption programme
Chair of the event Baroness Elizabeth Barker and former Nigerian vice president HE Atiku Abubakar (Alternativeafrika)
London, April 26, 2018 (AltAfrika)- Nigeria’s former Vice President, Atiku Abubakar, on Wednesday in London shocked the international community when he unfolded an eight action plan to rebuild Nigerian if he becomes the president without a word on his programme on how to curb Nigeria’s most endemic problem – corruption
Mr Abubakar who at the Chatham House, London spoke on ” The Importance of Strengthening State Economic Management Systems” touched on all facet of Nigeria’s problems with solution in his about 32 minutes presentation but failed to acknowledge corruption as a serious and endemic problem or offer his thought on how to solve the problem.
The omission of his anti corruption programme took many delegates aback and got them engaged for long while the Turaki was busy with politcal supporters who must have been invited to cheer him up
One delegate John Gibs who claimed to have worked on and off in Nigeria for about 30 years was so angry that he told Akiku “I have not really had anything new from all you said. Yesterday on radio i learnt Nigeria’s population is about 200 million and earlier speaker said 50 percent of that population is below the age of thirty, and that shows you have a very serious challenge . My own comment would be until Nigeria gets serious from federal government down to local government level in organising its domestic resource much better and spend its money on its people its going to stay the same”
Senator Ben Bruce (second right) and some members of Atiku’s entourage
In his presentation, Atiku identified defective federal system and dependence on federal allocation of resources as major reason why all levels of the Nigerian government, federal, states and local governments, were not operating at optimal levels ” It is now an indisputable fact that today‘s Nigerian states essentially have been reduced to parastatals of the Federal Government and are addicted to the monthly allocation they receive from Abuja.
“There is nothing as addictive as states that are dependent on their monthly share of revenue from crude oil sales and the only way to get them to manage their economies in an economically viable way is to cure them off that addiction. Nigeria needs to be restructured. We must commit to a new development agenda with focus on wealth creation by the federating units, rather than wealth distribution from Abuja to state and local government capitals. We must undertake far reaching economic reforms to attract private resources, including financial resources and build bigger, stronger and more dynamic sub-national economies. We must expand the frontier of private sector activity beyond the realm of the oil sector and build a new Nigeria without oil.”
If voted as President in 2019, Atiku Abubaka said his administration would ensure improvement in the country’s sovereign wealth funds, railways, other areas, as well as restructuring.
He highlighted the priorities of his administration to include
“We will streamline the operations of the Sovereign Wealth Fund, the Excess Crude Account and the Stabilization Account which is currently embedded in the Revenue Allocation Formula for more effective stabilization outcomes.”
2. Extend railways
“I will extend railways to connect workers to jobs, suppliers to buyers, students to universities, and parents to their children in every major city in every state.”
“These are some of the ways I believe Nigeria’s states can improve their capacity, increase their revenues and better manage their local economies which are critical to safety, prosperity and welfare of all Nigerians and will allow my homeland to realize its true potential.”
4. State control of resources
“I will make sure certain rivers are dredged to open up the hinterlands of the North. Licenses would be given to state governments to begin immediate exploitation of resources in their jurisdictions.”
“We have to ensure the minimum amount of resources are allocated & invested in education & health, with penalties for states that don’t comply. 1.6m Nigerians sit for university entrance exams with only 600,000 places. $1bn spent on paying fees in Ghana.”
6. Create stable and predictable exchange rates
“Nigeria must have a stable and predictable exchange rate to allow investors to plan long-term. I’m not a supporter of multiple exchange rates.”
7.$250 million Matching Grant
My idea is for the introduction of Matching Grants to be taken from the revenue accruable to the Federal Government for the purpose of matching the Internally Generated Revenue of each state in order to encourage states to become self-reliant. If I have my way, the Federal Government will match state’s IGR up to $250 million per state.
Even with this policy, the Federal Government will continue to offer support (in the form of intervention programmes) for states that rank below the average development index, until such a time as they are able to become self-sufficient and sustaining
Privatisation of many aspects of the Nigerian economy as well as strengthening of the Debt Management Office to prevent states taking jamboree loans also feature in his programmes
Ex VP Atiku Abubakar being assisted by former media aide to President Goodluck Jonathan Reno Omokri
Former PDP governorship candidate in Lagos state Jimi Agbaje, Ex Anambra state governor Peter Obi were also part of Atiku’s delegation.