Atiku Abubakar, the 2023 presidential candidate for the Peoples Democratic Party, recently shared his thoughts on how he would have addressed Nigeria’s challenges had he been elected. In a post on his X page, Abubakar criticized current policies, especially the abrupt removal of the petrol subsidy, the floating of the naira, and increased electricity tariffs, calling these actions harsh and excessive.
Reflecting on his own approach, Abubakar emphasized that his administration would have focused on thorough preparation and an in-depth assessment of Nigeria’s issues. He highlighted plans to eliminate revenue leakages, streamline government procurement, and adopt a lead-by-example governance style. For economic revitalization, he proposed an Economic Stimulus Fund with $10 billion in initial capital to empower Micro, Small, and Medium Enterprises across various sectors.
Addressing the petrol subsidy, Abubakar advocated for a phased removal strategy rather than a sudden approach. On foreign exchange, he suggested a managed-floating system as more suited to Nigeria’s economy, in contrast to the current administration’s policy. Additionally, Abubakar’s plan for conflict resolution emphasized diplomacy, intelligence, and enhanced border security.
Abubakar concluded by underscoring his belief in gradual reform to stabilize Nigeria’s economy and support the well-being of its citizens.
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