Nigeria’s incoming President, Gen.
Muhammadu Buhari (rtd.), yesterday
disclosed that his cabinet would be
announced very quickly within one week of inauguration; and that “Anyone with a whiff of corruption or any kind of taint will not be in the cabinet. Our manifesto will reflect zero tolerance for corruption”. He however pledged to put an end to fuel subsidies, adding that the oil and gas sector would be reformed as a matter of priority in order to attract new investments.
The President-Elect, who stated this while unveiling his economic policies at a Lagos Business School breakfast meeting, noted that he would run a very lean government, which would involve rationalizing overlapping and redundant ministries, departments and agencies (MDAs) in line with the Steve Oronsaye presidential committee report.
Buhari, who was represented at the meeting by former Ekiti State Governor, Dr. Kayode Fayemi, however disclosed that there would be very little action from his administration until October, partly due to the fact that Goodluck Jonathan-led administration authored the currently existing 2015 budget. Asserting that the federal government under the All Progressives Congress, APC, would seek “to align the electoral and fiscal calendars to avoid this type of problem in future,” he assured the audience that the cardinal agenda of his government and their over arching themes would be security, fighting corruption and unemployment. “We believe that corruption has a very strong negative link to both security and unemployment,” he said.
The President-Elect maintained that there would be no real action until October partly because the 2015 budget “is Jonathan’s and may be fully approved in April. A very lean government is the focus, largely in line with the Steve Oronsaye presidential committee report. This report was available to the Jonathan government, but the will to implement it was absent”. He acknowledged that the APC “is not a conclave of cardinals, as it includes the good, the bad and the ugly,” noting that in Nigeria, the bad and the ugly could be the biggest electoral assets, though the new government “will not interfere with law enforcement agencies or the judiciary even if APC members are involved in corrupt practices”. He further assured that the Vice-President- elect, Prof. Yemi Osinbajo, who did a lot of work as the Attorney-General and Commissioner for Justice in Lagos State would bring his experience to revamp and strengthen the judiciary to complement the anti-corruption drive and the rule of law, adding that “He will also anchor the economic committee”.
He promised that his government would
continue with some of the programmes in the Jonathan administration, which were
successful. “For example, agriculture, though there would be a stronger collaboration between the federal and state governments,” he said.
He also revealed plans to consolidate such
anti-corruption agencies as the Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and Other Related Offences Commission, ICPC, into a single entity to make them more effective.
“We believe Central Bank of Nigeria (CBN)
is getting over-burdened by developmental
finance issues at the expense of its core
objectives; this will be changed,” he said.
According to Buhari, the subsidy on
petroleum products would certainly go and the industry would be reformed as a matter of priority in order to attract new investments, adding that “While power reform has been commendable and will continue, the approach will change”.
Buhari explained that power transmission
would be deregulated, regionalised and
privatized in order “to break down
centralized transmission, while the issues of gas supply to Gencos will be addressed.
“But the new government believes that
Discos are the biggest bottlenecks presently.
The government plans to add on 4,000MW
of power every year and expect that output will reach a minimum of 12,000 MW at the end of his tenure”.
He said the party’s groundwork showed that N3 trillion in savings could come out of plugged leakages, noting that the
employment drive would be private sector
led.
“The government will allow market forces to prevail, including in the foreign exchange regime,” he said.
The President-Elect debunked speculations
that he would use fiat to fix the foreign
exchange, adding, however, that the
government would keenly seek to protect the more economically vulnerable segments of the society.
He added that there would be a tightening of the tax noose, though there would be no tax increase.
“The Federal Internal Revenue Service
(FIRS) will be strengthened and the LASG
IGR template will be adopted at the national level,” he stated.
While acknowledging that the nation’s
infrastructure gap required huge capital
outlay, which the government does not have, Buhari pledged to develop a master plan for infrastructural development in the country.

www.newsat247.com/2015/04/presidential-appointments-buharis-ministerial-list-latest-update/

We are watching and waiting!

change anyways

Alnight alaha be wit us

But na corruption dem use to fund ya campaign na.

But na corruption dem use to fund ya campaign na. Let the truth be told

I know some evil minded people would be praying for all this not to come to pass despite the fact its for benefit of all of us. Any body weh say 9ja no go better na them no go wait to witness am.

Don't expect miracles. We don hear.

Chanchit:
I know some evil minded people would be praying for all this not to come to pass despite the fact its for benefit of all of us. Any body weh say 9ja no go better na them no go wait to witness am.

Heartbreaking reality bro

So pdp's funding is from where?

abduljabbar4:
But na corruption dem use to fund ya campaign na. Let the truth be told

Alnight alaha be wit us

We dey wait

Honestly, this is magnificent. We are in for a good time in Nigeria.
@abduljabbar4 go back to the post and read where he talked about the good the bad and the ugly. He said the bad are electoral assets. Think about that.

Here's to hoping he keeps his word.

k

MOD keep banning me unjustly, I no blame una, check d date u all registered with Nairaland, we no be mate! Ruubish!

Corporate taxes are too high. Should be slashed to 20% or less from the current 35%.

This will encourage foreign investors and also encourage more Nigerian companies to pay tax

Chief Jerome moze (Benue) he's well read and even experienced.

4000 megawatts of electricity every year and 12000 at the end of his tenure.

This is all i need to hear and i will be personally tracking your performance over objectives in this sector.

prof Bashir Hamza fr minister pf science and tech

tunex23:
MOD keep banning me unjustly, I no blame una, check d date u all registered with Nairaland, we no be mate! Ruubish!

lol @check d date u all register with nairaland

good.
So long the ministers declare their assets as promised.

ACTIONS SPEAK LOUDER THAN WORDS.
HOPE TO SEE THAT SOON.

tunex23:
MOD keep banning me unjustly, I no blame una, check d date u all registered with Nairaland, we no be mate! Ruubish!

Lmao. Bros kilode?

abduljabbar4:
But na corruption dem use to fund ya campaign na. Let the truth be told

wicked

tunex23:
MOD keep banning me unjustly, I no blame una, check d date u all registered with Nairaland, we no be mate! Ruubish!

frustrated nigga

give us 24hours light and fulfill other promises

grandstar:
Corporate taxes are too high. Should be slashed to 20% or less from the current 35%.

This will encourage foreign investors and also encourage more Nigerian companies to pay tax

Should be further slashed to 15%

This people Chai so he wants us to wait till October to experience the change. Always playing on us.

CFCfan:

Should be further slashed to 15%

you are my guy! in hong kong, income tax is 15%, corporate tax is 16.5% and zero percent import duty on all goods except rose roises. thats extremely radical