To move Nigeria from the list of developing nations to one of the front line nations of the world
The country has been told lies for far too long and ADC will stop this. The economy of this country has been wobbling as if overwhelmed by disingenuous policy choices and options.
The country has been told lies for far too long and ADC will stop this. Nigeria's economic woes, starts and ends with the fraud called fuel importation. How? You may ask. Fuel importation accounts for $1.5Billion monthly demand/pressure on the Naira. This leads to high exchange rate and rather than fix the problem of fuel importation, our economic handlers are busy burying their heads in the sand and employing 'work avoidance mechanisms' through their various failed economic policies.
The ADC Solution: Our population of 180 million people is one of our biggest resource and far larger than oil and gas, mineral deposits and others put together. The ADC immediately upon being sworn in will create a policy that will allow the private sector, especially illegal refineries (who must be mandated to reform) to open up 500 modular refineries of 2000 bpd capacity. This translates to 45million litres of petrol alone, 23million litres of diesel, 10 million litres of kerosene for Aviation and Domestic use along side, asphalt, liquified petroleum and other allied products all locally produced as illustrated in the diagram below, thereby creating new wealth and growing the domestic economy.
The current mismanagement of the economy of this country has seen her wobbling as if overwhelmed by disingenuous policy choices and options. While most of the indicators such as GDP growth and per capital income indicate that the economy is moving forward, the condition on the streets tells a different story.
For, there is still widespread poverty and hunger in the land while the unemployment queue is getting longer by the day. Certainly, the performance of the economy is far below the level required for it to make positive impacts on the lives of the people especially in respect of purchasing power, standard of living and general well-being. Therefore, there need to take the following far reaching measures listed below:
Liberalize more sectors of the economy and support the private sector to drive economic growth and create job opportunities;
Target a minimum 7 percent annual economic growth rate:
Grow the economy by implementing an export driven development plan in the non-oil sector, tie economic incentives to export performance, and create competition and not pick winners or losers;
Pursue a flexible exchange rate system with a maximum of 10 percent difference between official, interbank and parallel rates;
Mobilize the entrepreneurship drive of young Nigerians;
Streamline business regulations and create friendly operating environment;
Partner with the private sector to bridge the infrastructural gap in the country;
Reform the Land Use Act to unlock trapped capital for economic growth;
Maximize agricultural output by modernizing agricultural practices, making farmers to take advantage of improved inputs and by backing up these with extension services;
Wage war against poverty by ensuring single digit food-price inflation; and
Review Nigeria’s trade policy and importantly, adjust tariffs to make smuggling unattractive while also encouraging local production
In the specific case of the BUDGET, ADC will:
ADC will create a $30 Billion power generating opportunity with 23,220 MW of power in the first 2 years by encouraging all 774 local governments to generate 30 MW..
ADC will create a $30 Billion Power Generating opportunity with 23,220 MW of power in the first 2 years by encouraging all 774 local governments to generate 30 MW of embedded power each from their areas of comparative advantages namely: Hydro, Wind, Solar, Coal, Gas, Biogas, Waste Dump Sites etc. This will trigger an industrialization policy tagged ‘Make What We Take’, simply put, we produce what we consume and drive Innovation and industrialization. Jobs will be created, people will earn a living and the ADC will pull Nigerians out of poverty.
The above moves will further free up the Foreign Exchange pressure on the Naira as importation will drastically reduce through an increase in local production and ensure macroeconomic stability and increased economic competitiveness in the country.
Road Transportation considerably contributes to economic growth and as the economy grows, the demand placed on road transportation increases tremendously.
The provision of essential infrastructure is one of the basic responsibilities that define the basis of government's existence.
According to the World Bank, "Air transport is an important enabler to achieving economic growth and development.
Rail transport has emerged as one of the most dependable modes of transport in terms of safety.
With 853km of coastal shoreline and numerous inland waterways, the ADC government will in collaboration with local and foreign partners and stake holders maximize the
The Conversation Africa Newsletter captures it very succinctly as follows: 'Nigeria is so rich in water resources that many of its 36 states are named after rivers. In addition to surface water found in nearly every part of the country, there’s also plenty stored in the ground. The country has 215 cubic kilometers a year of available surface water. This is a lot higher than many African countries, particularly those in the southern and northern regions of the continent. South Africa, for example, has about 49 cubic kilometers a year.
One would imagine that Nigerians have plenty of water to drink bu,t this isn’t the case. In fact, only 19% of Nigeria’s population has access to safe drinking water. Although 67% of people have basic water supply, access is uneven. In cities, 82% of people have a basic supply. In rural areas, only 54% do.
Wealth also distorts access. About 80% of wealthy Nigerians have access to at least a basic water supply, in comparison to only 48% of poor Nigerians.
The lack of accessible, reliable and safe drinking water, together with poor sanitation and hygiene, is estimated to cost Nigeria about USD$1.3 billion in access time, loss due to premature death, productive time lost and health care costs. Potable drinking water is a basic necessity of life to be guaranteed by a government for her people whilst industrial water is big business that cannot be overlooked.
Aside the above, water transportation, the coast line and inland water ways provides other economic activities like fishing, harbour maintenance, oil upstream activities (which the government currently does).
In today's world, knowledge becomes outdated faster than you know. Whilst others are building a knowledge based society, we are sadly currently not even playing catch up but are in retrogression,
In today's world, knowledge becomes outdated faster than you know. Whilst others are building a knowledge based society, we are sadly currently not even playing catch up but are in retrogression, with educational standards falling everyday despite resources being allocated.
With a projected $100+ Billion budget when all loopholes are blocked in her first year, The ADC educational policy would be made to:
Ensure adequate budgetary provision of not less than 25% ($25 Billion) for the education sector on an annual basis across the nation in line with international best practice. Sounds like a tall dream but realistically very achievable.
Promote, encourage and support the establishment, equipping, staffing and running of non-formal educational learning centres for adult and vocational literacy in all the States of the country.
'Make School Fun' will be a Programme that promotes, encourages and supports quality pre-nursery, nursery and primary education.
Vigorously pursue the expansion of primary and secondary education facilities to accommodate all the children of the country and thus give every child the opportunity to be educated to at least the secondary school level. Never again will our children school under trees and dilapidated structures.
Introduce strategies and programs aimed at encouraging disadvantaged, unwilling or reluctant parents to release their children for schooling.
Provide education and literacy services to nomadic communities.
Incorporate formal education curriculum into Qur'anic schools;
Break the jinx of inadequate facilities in the country's tertiary education system.
Vigorously support research in the country's research centres and institutions that will constantly review and update all schools curricular.
Encourage private-sector non-exploitative participation in the provision and delivery of educational services.
To the ADC, women (including girls) are jewels of inestimable value, apologies to the late sage, Chief Obafemi Awolowo who once used that expression in reference to his wife.
By ADC's definition, a youth is anyone who is between 18 and 40 years of age. The basic requirement of this category of Nigerians is economic empowerment through skills acquisition and gainful employment.
Information and communication technology (ICT) uses various devices that include television sets, cell phones, personal computers, tablets, and such landline phones, radios, and broadcast TV.
For Agric and Solid minerals, the ADC shall encourage henceforth, a Value Addition Program such that, our raw materials will not be taken out, refined and imported back to us.