Atiku Abubakar, the presidential candidate for the Peoples Democratic Party (PDP) has detailed his economic agenda if voted into office in the upcoming 2023 general elections.
The former Vice President of Nigeria in the agenda titled, ‘The Three Guiding Principles of my Economic Agenda’, vowed to break the government monopoly in all infrastructural sectors.
Atiku shared the agenda via his official twitter account. He wrote,
“Our economic agenda has a comprehensive objective of providing a more hospitable environment for businesses to thrive and create jobs and wealth for Nigerian citizens. To achieve these, I have three guiding principles to go by”
The principles are as he described are,
“To re-affirm the criticality of private sector leadership and greater private sector participation in development; While repositioning the public sector to focus on its core responsibility of facilitation and enabling the appropriate legal and regulatory framework for rapid economic and social development.”
“Break government monopoly in all infrastructural sectors, including the refineries, rail transportation and power transmission and give private investors a larger role in funding and managing the sectors, thus emulating the benefits accrued in the oil & gas and telecoms sectors.”
“Allow the market greater leverage in determining prices. This way, we shall eliminate the persistent price distortions occasioned by current interventionist exchange rate management policy. Government intervention, where absolutely necessary will be done responsibly and judiciously.”
Atiku Abubakar emerged as the PDP candidate during the party’s convention held last month. The 75-year-old defeated 13 other candidates, including Rivers State Governor, Nyesom Wike and former Senate President, Bukola Saraki.