P
ProfRem
Guest
National Leader of the All Progressives Congress (APC), Senator Bola Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on petrodollars.
Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the promotion of government-backed housing programmes were important measures that could help to reposition the national economy.
The proposals are contained in the text of a recent lecture the APC leader delivered in Lagos, where he said the decline in oil prices had revealed the travesty of the country’s extant economic model.
1. A national industrial policy fostering the development of strategic industries, which he said, could create jobs as well as spur sustainable economic growth.
2. The need for the federal government to develop a policy of tax credits, subsidies that insulate critical sectors from the negative impact of imports.
3. A national infrastructure plan, noting that roads, ports, bridges and railways need enhancing, and new ones need to be built with the goal being to develop a coherently-planned and integrated infrastructural grid.
4. A credit-based economy, stating that credit for business investment was too costly in Nigeria.
5. government-backed home mortgage system must be re-engineered, contending that mortgage loan agencies must be better funded and should liberalize their eligibility requirements so that more people could qualify for them
6. Workable credit system would reduce corruption, adding that the current lump-sum payment requirement tempted people towards misconduct.
7. Agriculture remained the backbone of the country and challenged the federal government to help common farmers by improving rural output and incomes, explaining that this could best be done through ensuring minimum prices for crops strategic to food security.
Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the promotion of government-backed housing programmes were important measures that could help to reposition the national economy.
The proposals are contained in the text of a recent lecture the APC leader delivered in Lagos, where he said the decline in oil prices had revealed the travesty of the country’s extant economic model.
1. A national industrial policy fostering the development of strategic industries, which he said, could create jobs as well as spur sustainable economic growth.
2. The need for the federal government to develop a policy of tax credits, subsidies that insulate critical sectors from the negative impact of imports.
3. A national infrastructure plan, noting that roads, ports, bridges and railways need enhancing, and new ones need to be built with the goal being to develop a coherently-planned and integrated infrastructural grid.
4. A credit-based economy, stating that credit for business investment was too costly in Nigeria.
5. government-backed home mortgage system must be re-engineered, contending that mortgage loan agencies must be better funded and should liberalize their eligibility requirements so that more people could qualify for them
6. Workable credit system would reduce corruption, adding that the current lump-sum payment requirement tempted people towards misconduct.
7. Agriculture remained the backbone of the country and challenged the federal government to help common farmers by improving rural output and incomes, explaining that this could best be done through ensuring minimum prices for crops strategic to food security.