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In a private sector economic forum in Lagos, PDP Presidential Candidate Alhaji Atiku Abubakar noted that Nigeria is broke under APC.
A speech verified by Native Reporters qouted the Former Vice President saying within the first 100 days in office, he will create an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors.
A speech verified by Native Reporters qouted the Former Vice President saying within the first 100 days in office, he will create an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors.I feel fulfilled when I create prosperity for others.
Creating economic opportunities for Nigerians will represent significant implication for social cohesion and national security.
Increased jobs and income opportunities will reduce the likelihood of our youth being involved in crime, violence and conflict motivated by manipulating religious or ethnic differences.
Under the present administration our people are not working. More than 23 million people are out of jobs. In just 5 years between 2015 and 2020, the number of fully employed people dropped by 54%, from 68 million to 31 million people.
The number of unemployed people is more than the population of Lagos state or the inhabitants of the Federal Capital Territory (FCT), Abia, Bayelsa, Cross River, Ebonyi, Kwara and Nasarawa states combined!
The APC-led government is dressing Nigeria in borrowed robes!
Nigeria is broke. Nigeria under the APC-led government has consistently run-on budget deficits since it came to power in 2015. These budget deficits are often above the 3% threshold permissible under the Fiscal Responsibility Law.
For the first time in Nigeria’s history, the FGN paid more in debt service than it earned! By spending more than 100% of its revenue for debt service, Nigeria is breaching one of the applicable debt-sustainability thresholds.
Capital has taken a flight. Policy incoherence and flip-flops combined with internal insecurity continue to pose a significant risk to investment and thus output growth.
We have lost our esteemed position as Africa’s preferred investment destination to less endowed nations!
Nigeria has the potential to double its GDP by 2030 and achieve a per capita income of approximately US$5,000.
I will break the jinx in infrastructure financing.
We will establish an “Infrastructure Development Unit” [IDU] in the Presidency, with a coordinating function and a specific mandate of working with the MDAs to fast track and drive the process of infrastructure development in the country.
Within the first 100 days in office, I will create an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors.
Ondomind
