Constituent policy

Delegate powers to states, raise GDP to $900 billion… in Atiku’s policy paper

Atiku Abubakarpresidential candidate of the Peoples Democratic Party (PDP), plans to give more autonomy to state and local governments if elected president in 2023.

According to Atiku’s policy document seen by TheCable, the former vice president says he promote a “true federal system” that will guarantee national unity and allow federated units to set their own priorities.

The 75-year-old politician said the three tiers of government will function more effectively when powers are devolved to the units within them.

“Nigeria has continued to exploit a complex and flawed federal structure with a high degree of centralization at the center. The federal government has succeeded in accumulating many responsibilities that belong to others [weaker] levels of government. The federal government is appropriating, alongside these responsibilities, enormous resources at the expense of state and local governments,” the policy document states.

“We must adopt a new model of economic management that will cure all the federating units of this dependence on oil revenues. To make Nigeria work again, we must RESTRUCTURE Nigeria. By constitutional means, we must establish a new political structure that reinforces the concept of “true federalism” by granting unfettered autonomy to subordinate units. “

INCREASE GDP BY $900 BILLION IN FOUR YEARS

The former vice president said he would boost the country’s gross domestic product (GDP) from the current $432.3 billion to $900 billion by 2027.

Abubakar also plans to shift the economy from oil dependence to agriculture, manufacturing and micro, small and medium enterprises (MSME).

“Our vision is to transform Nigeria into a modern economy that works for its people and is capable of taking its rightful place among the top 15 economies in the world,” Abubakar said.

“Our policy priority is to build a broad-based, vibrant and competitive economy with a GDP of around $900 billion by 2027.

#AtikuOkowa envisions a new Nigeria without crude oil in which agriculture, manufacturing and MSMEs will drive growth. AtikuOkowa’s the economic agenda will seek to alter the current trajectory of the Nigerian economy and build a competitive and resilient economy remain the largest in Africa and the 15th largest in the world with GDP per capita rising from current levels of around US$2,000 to US$5,000 by 2030. Our goal is to double our infrastructure stock to around 70% of GDP by 2030.”

INCREASE ELECTRICITY GENERATION BY 25,000 MW

According to the document, Abubakar is seeking to boost Nigeria’s power generation to 25,000 MW, while planning to increase oil refining capacity to two million barrels per day by 2027.

“AtikuOkowa’s economic program is centered on 3 principles: private sector leadership, leveraging the market in pricing, breaking government monopoly in key sectors,” the document says.

“We will support the private sector to provide essential leadership and drive growth and in turn they provide finance, create jobs and wealth and lift the poor out of poverty.

“Our electricity target is set at 25,000 MW, a mix of capacity generated from non-renewable energy and other thermal fuels, including natural gas. Power sector reform will be a key political priority. A few years after my government, Nigeria will take giant steps in diversifying its energy sources and will supply up to 20,000 MW of electricity.

“Our oil refining infrastructure will be a priority investment to double refining capacity to two million barrels per day by 2027.”

Abubakar said he would resolve insecurity which has been fueled by unrest stemming from feelings of marginalization and neglect.

“Nigeria’s unity has never been so threatened. Today, a growing number of Nigerians are openly challenging their allegiance to the existence of Nigerian corporations through violent agitations and misguided demands for ethno-regional autonomy due to widespread feelings of marginalization and neglect,” he said. he declares.

“The level of insecurity in the country has reached a point where state functions have been usurped by separatists, bandits, insurgents and terrorists.”