2023: My Administration Will Deliver Double Digit Economic Growth – Tinubu


My Administration Will Deliver Double Digit Economic Growth - Tinubu

Bola Tinubu has said that his administration will deliver double digit economic growth.

According to The Nation, All Progressives Congress (APC) Presidential Candidate, Asiwaju Bola Tinubu, yesterday gave an insight into how he intends to rebuild the national economy and deal with the current security challenge in the country.

Top on his agenda is the creation of a vibrant economy targeted at achieving a double-digit growth.

He vowed to fight banditry to a standstill, not yielding an inch of Nigeria’s territory to bandits.

Tinubu spoke at the 7th edition of the Kaduna Economic and Investment Summit (KadInvest 7.0) in Kaduna.

The Peoples Democratic Party (PDP) presidential candidate, Alhaji Atiku Abubakar, was also in Kaduna yesterday promising to restructure the country if elected in the 2023 election.

The former vice president said he has all it takes to lead Nigeria and argued that what the country needed was a pan-Nigerian President and not a Hausa, Igbo or Yoruba leader.

Tinubu told his audience made up of notable politicians and captains of industries that his administration would put in place “a team of the most talented of Nigerians – men, women and youths – no matter their tribe and affiliations, to reset our nation on a path to achieve double-digit economic growth within a couple of years.”

This, according to him, would be done through a coordinated set of policies in key sectors.

“We will champion an efficient government that will eliminate revenue and expense leakages across all federal government areas, leveraging technology, which will be increasingly embedded into government operations,” he said.

He said priority would also be given to distribution and availability of power to the industries, while in agriculture “we will provide incentives for investments, machinery and equipment, expand and empower commodity boards, enhance our strategic grains reserves, encourage the formation of farm cooperatives and expand the scope and depth of access to finance for our farmers.”

He added: “In housing, we will introduce policies that will make it easier to transfer title and carry out transactions on landed properties. We will work with the private sector to significantly expand mortgage financing and we will provide credits and incentives to encourage real estate developers.

He added: “In housing, we will introduce policies that will make it easier to transfer title and carry out transactions on landed properties. We will work with the private sector to significantly expand mortgage financing and we will provide credits and incentives to encourage real estate developers.

“We will collaborate with key technology partners to develop policies that promote the use and integration of technology across other sectors within the nation. We will work to accelerate the work that is being done with the private sector to train our youth and promote innovation through sponsored incubator hubs and science technology parks.”

He hailed President Muhammadu Buhari for giving maximum support to the private sector to flourish by implementing over 100 initiatives including the Repeal and Re-Enactment of the Companies & Allied Matters Act (CAMA), 2020, the passage of the Finance Act 2021, to improve the ease of doing business in the country.

But he said he would strive to even do more because “a vibrant private sector is a prerequisite for a functional state, playing a critical role in the mobilisation of capital, expertise and innovation for the creation of economic opportunities and employment.”

He said:”My desire is that the next administration, under my leadership, will continue to drive forward and accelerate on the progress made thus far, taking bold steps and initiatives to encourage investments in new areas typically considered risky, and leading the way by providing the enabling environment to nurture our innate entrepreneurial spirit.

“It is essential that our nation continues to champion the rule of law and sanctity of contracts, for these are the prerequisites for creating a business-friendly economic environment.

“Whilst there must be active engagement between all the arms of government for the rule of law to prevail, it is critical for the judiciary to retain its autonomy and independence.

“Therefore, under my stewardship, the federal government will build on the efforts of the current administration to review, amend and/or enact the relevant laws that will engender the rule of law.

“My administration would ensure that the judiciary has true financial and administrative autonomy and strong disciplinary and integrity monitoring mechanisms.”

On security, Tinubu said priority would be given to the training and retraining of the country’s security forces to ensure a more peaceful country.

His words:”We will be committed to introducing cross-sector initiatives that will address the economic and social constraints that prevent people from advancing or opting for crime.

“Under my leadership, the government will place great emphasis on the use of a counter-insurgency doctrine and strategy by our military. We will continue to train and equip our gallant forces and security personnel with the resources, gear, and equipment that they need to hasten our inevitable march to resounding victory against the enemies of our great nation. Where necessary, we will recruit and train more personnel to bridge any gaps in manpower.

“Furthermore, my administration will prioritise the use of superior aerial technology to deter criminal and terrorist activities, as well as to monitor and protect our critical national infrastructure including our network of pipelines, our power stations, our transmission and distribution networks, our sea and airports, our rail networks and other vital infrastructure.”

He vowed that “no inch of this country will be ceded to banditry. We will fight it to a standstill.”

He was confident of winning the February 2023 presidential election “with the help of Nigerians.”

He also commended Kaduna State Governor Nasir El-Rufai for raising the bar in attracting investments to the state the same way he did in Lagos over 20 years ago.

He jocularly told the governor not to run away from Nigeria after next year’s elections “because we need your creativity at this critical time”, to which the governor responded in kind: “I promise to stay even on part time basis.”

Tinubu hoped the leadership of the KADIPA and subsequent administrations in Kaduna State “will successfully collaborate with the private sector to usher in the investments in the priority sectors of technology, agriculture, manufacturing, infrastructure and solid minerals. These investments will in turn drive rapid economic growth and prosperity, providing jobs and opportunities for the good people of Kaduna State.”

Kaduna attracts $4.48bn investments in seven years – El-Rufai

Governor El-Rufai said the state has attracted a total investment portfolio of $4.48 billion comprising actualised and announced investments over the last seven years of his administration.

The governor also said that the efforts had resulted in creating 75,750 direct and indirect jobs.

He credited the flow of investments to his administration’s continuous effort of providing conducive environment for the private sector to drive the economy through numerous policy actions and reforms.

The governor did a recap of what his administration achieved since inception and why investors should invest in Kaduna State.

According to him, the state has abundant natural resources, a productive workforce, steady economic growth and serves as the gateway to the northern market.

”Kaduna State is also the most improved state in 2018 Ease of Doing Business Subnational report by the World Bank, and it has a very investor-friendly environment,” he added.

El-Rufai further said that the state ”is also the third biggest consumer market in Nigeria, the third most populous state in Nigeria and has 52 per cent of Nigeria’s consumer market.

”Besides, Kaduna State is rich in mineral resources as it has over 25 non-oil mineral deposits, including gold, iron ore and marble,” he added.

Tinubu visits Zazzau Emir for royal blessings

Tinubu used the opportunity of his visit to Kaduna to pay a courtesy call on the Emir of Zazzau, Malam Ahmed Bamalli.

The APC flag bearer, who was accompanied by his host Governor El-Rufai and APC stalwarts, was in the palace to seek royal blessing and pay homage to the emir.

Tinubu arrived at the palace a few hours after the departure of the PDP presidential candidate, Alhaji Atiku Abubakar, to Kaduna for his campaign and engagement with Arewa Joint Committee.

While apologising for his inability to attend Bamalli’s coronation, Tinubu said he would make the palace his second home, especially when he becomes the next president of the country.

Earlier, El-Rufai said even though it was the first time the APC presidential flag bearer visited the first class traditional ruler, it would be the beginning of many future visits to the palace.

He described Tinubu as a person who has long pedigree and respect for the traditional institution.

He added that part of the respect for traditional institutions made him visit the emir a few hours after his arrival for the seventh edition of Kaduna Investment Forum, insisting on visiting the palace to pay homage to the royal father.

“This is not a visit to start a campaign, it is a visit to consult you and tap from your wisdom, and we will come back for a campaign visit. This is just a courtesy call.

“Having visited Kaduna, Asiwaju felt his visit was incomplete without paying homage to you,” el-Rufai said.

Responding, Bamalli appealed to politicians to work towards strengthening national unity throughout their electioneering for the general elections in 2023.

“In the next few months, we will be approaching a difficult period of our coexistence; that is, we are getting into the political arena with a lot of politicking.

“I would like to take this liberty to request you to show maturity and experience as the former governor of Lagos State to play a vital role for a historic election.

“What we need at this point is the security of our country, improved economy and peaceful co-existence. The issue of division of Nigeria should be put aside.”

Atiku: I’ve enough experience to tackle insecurity, restructure Nigeria

Alhaji Atiku Abubakar, addressing the Arewa Joint Committee Interactive session with the 2023 presidential candidates, said he has all it takes to address Nigeria’s security challenges and restructure the country as being canvassed by many Nigerians.

He solicited the support of voters to enable him deploy his wealth of experience for the benefit of all citizens.

He appealed to Northerners in particular to key into his agenda to rebuild and lead the nation into an era of economic development and progress, saying what Nigeria needed now was a pan-Nigerian President and not a Hausa, Igbo or Yoruba leader.

He said the credential of national inclusivity, not ethnicity, should be an ideal that the North should examine in electing the country’s next president.

Citing his over 30 years involvement in Nigerian politics, Atiku said he stood shoulders high as a Northerner who has built bridges of unity across the country.

He said: “I have been in politics for more than three decades and I am a Northerner. So, if you ask me why I am the best candidate to lead Nigeria in 2023, I will simply say that what Nigeria needs is a pan-Nigerian president, not whether he is Yoruba, Igbo or Hausa-Fulani.”

He said the North should have nothing to fear about restructuring as there could be no economic prosperity in the country without unity and national security.

He said premium attention would be given to “the criticality of private sectors leadership and greater private sectors participation in development; while repositioning the Public’ sectors to focus on its core responsibility of facilitation and enabling the appropriate legal and regulatory framework for rapid economic development”.

It was also necessary, he said, to “break government monopoly in all Infrastructure sectors, including the refineries, rail transportation and power transmission and give private investors a role in funding and managing the sectors, thus emulating the benefits accrued in the oil and gas and telecoms sectors”

On security, Atiku lamented that “Nigeria has never been overwhelmed by insecurity in all parts of the country. Sadly we have reached a point where the functions of the state have been usurped by separatists, bandits, insurgents and terrorists.

“I am committed to articulate and implement transformation and development agenda of a united, secured and prosperous country,” he said.

The former Vice President also noted that Nigeria’s unity had never been threatened like it is now with increasing number of Nigerians citizens openly challenging their allegiance to the country’s corporate existence through violent agitations and misguided demand for ethno-regional autonomy “because of widespread feelings of marginalization and neglect”.

Visits Emir of Zazzau

Atiku had earlier paid a courtesy visit to the Emir of Zazzau, Malam Ahmed Bamalli.

He was accompanied by the Director-General of the PDP Presidential Campaign, Governor Aminu Tambuwal of Sokoto State, and former governors of Adamawa and Niger states, Messrs Boni Haruna and Babangida Aliyu, among others.

He said the visit to the palace was meant to pay homage on the first class traditional ruler and seek royal blessings on his ambition.

He said: “My visit here is a home coming, but it has been a tradition of our campaign programmes to seek for the blessings, advice and guidance of our royal fathers.

“I’m also here to congratulate and rejoice with you on the conferment of national honour given to you by the President.

“With this visit, we hope to boost and strengthen our campaign activities geared towards national unity and development.”

My Administration Will Deliver Double Digit Economic Growth - Tinubu
L-R: Jigawa State Governor Abubakar Badaru; All Progressives Congress Presidential Candidate, Asiwaju Bola Tinubu; Emir of Zauzau, HRH Ambassador Nuhu Bamali and Kaduna State Governor Nasir el-Rufai when Asiwaju Tinubu paid the traditional ruler a courtesy call after appearing at KadInvest 7.0 in Kaduna yesterday.