Nigeria is broke|I will lead Nigeria out of Darkness – Atiku
The Presidential Candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has said that he would lead Nigeria out of darkness if he is elected the next president of the country in the next general election.
Atiku made this statement while giving his speech at the 2022 Private Sector Economic Forum held on Victoria Island, Lagos and hosted by the Lagos Chamber of Commerce and Industry (LCCI) ahead of the 2023 presidential election.
The former vice-president revealed that his administration “will declare a state of emergency in the power sector to underscore our concerns about the state affairs in the sector”.
In achieving that feat, Atiku revealed a three way plan; the short-term which will ensure the enhancement of power supply within the first year of his administration; the medium term plan will be proposition of legislation to remove the entire electricity value chain from exclusive list and give states the power to generate, transmit and distribute electricity for themselves.
He mentioned that additional generation procurement for both transmission and distribution capacities would be enhanced with the support of the private sector for investments.
Atiku condemned the present government’s way of handling the country’s economy saying “Nigeria is broke.”
Atiku said the present govenment has “consistently run on budget deficit since it came to power in 2015 and therefore Nigeria is broke.”
“Since APC (All Progressives Congress) assumed power, the Nigerian economy has been crawling instead of growing, more than 23 million people are out of jobs, Nigerians are poorer today than in 2015, capital has taken a flight, Nigeria has consistently run on budget deficits since it came to power in 2015.”
“Nigeria has a potential to double its GDP by 2030 and achieve per capita income of approximately US$5000. We cannot overcome our challenges without significant reforms to restructure the economy, we need to support the private sector to unleash its growth potential and play key role in the economy.
Atiku also mentioned plans to restore investor confidence in the country’s economy saying, his administration will “have a warm handshake with the private sector.”
According to him, “Nigeria cannot overcome its economic challenges without significant reforms to restructure the economy and to support the private sector to unleash its growth potential and play a key role in the economy.
“A strong, productive and pro-growth private sector is needed to create to create wealth, generate employment opportunities and help fight poverty.
He concluded saying the current government has failed to demonstrate a strong commitment to private sector development.”
Those in attendance included the Lagos State PDP Governorship candidate, Dr Aziz Adeniran (Jandor), Sokoto State Governor, Aminu Tambuwal, former Senator Dino Melaye, the Executive Chairman, DAAR Communication; Chief Raymond Dokpesi; amongst others.