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Atiku Abubakar's Chatham House Full Speech - Politics (2) - Nairaland

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Chatham House: $582bn stolen from Nigeria since independence / Atiku, Buhari Will Struggle With Accepting Defeat – Chatham House / Presidency Issues Disclaimer On Buhari's 2015 Chatham House Speech (2) (3) (4)

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Re: Atiku Abubakar's Chatham House Full Speech by asawanathegreat(m): 12:39pm On Apr 25, 2018
That will not make him to win the next election
Re: Atiku Abubakar's Chatham House Full Speech by PPCDigitals: 12:40pm On Apr 25, 2018
House of Chatham!!!
Re: Atiku Abubakar's Chatham House Full Speech by PDJT: 12:41pm On Apr 25, 2018
Divide the colonial construct abeg!
Re: Atiku Abubakar's Chatham House Full Speech by bossinblack: 12:46pm On Apr 25, 2018
There's something about this man... that makes me believe in him.

3 Likes

Re: Atiku Abubakar's Chatham House Full Speech by Themandator: 12:48pm On Apr 25, 2018
Atiku remins the best innthe midst of the multitudes seekimg our vote for the office of the president. He only needs a capable deputy in persons like Iweala, Soludo, Peterside etc
Re: Atiku Abubakar's Chatham House Full Speech by Themandator: 12:50pm On Apr 25, 2018
Newpride:
Whatever Atiku shld have said in that long speech is a compete hogwash to me.

If he likes, he speak in all languages even he can speak in tongues. It’s all about people propaganda and nothing more.

He just do us the favor by going to USA and mak his speech.


When the American version of Chatham House invites him he will be there.
Re: Atiku Abubakar's Chatham House Full Speech by IBBG(m): 12:52pm On Apr 25, 2018
this one mikes better thatn the manifesto sowore presented to us

1 Like

Re: Atiku Abubakar's Chatham House Full Speech by Deepsky(m): 1:03pm On Apr 25, 2018
You got my vote sir
Re: Atiku Abubakar's Chatham House Full Speech by Osyfellaini(f): 1:23pm On Apr 25, 2018
Great Speech Atiku Abubakar.
We are blessed to have leader like you, A leader that believes in his people and equally working tirelessly to better lives of youths in the country by investing heavily in Nigeria.
To move forward we need our country RESTRUCTURED and everyone carried along, Enough of the feeding bottle federalism ,Time to get our country working again is now and The Former Vice President is the Man for the job.
God bless Nigeria!

4 Likes

Re: Atiku Abubakar's Chatham House Full Speech by deltaisgreat: 1:29pm On Apr 25, 2018
Words of a well prepared leader

4 Likes 1 Share

Re: Atiku Abubakar's Chatham House Full Speech by Jsucre(m): 1:29pm On Apr 25, 2018
paper work wey dem no go put for practice, Atiku enudun ro'fo
Re: Atiku Abubakar's Chatham House Full Speech by deltaisgreat: 1:31pm On Apr 25, 2018
Words of a well prepared leader
Re: Atiku Abubakar's Chatham House Full Speech by dhardy09: 1:37pm On Apr 25, 2018
My heart Goes with this Man and i have faith in Him sorry APC Losers am going for this Man Hopefully he wins the Primary

2 Likes

Re: Atiku Abubakar's Chatham House Full Speech by nwatthu(m): 2:01pm On Apr 25, 2018
dont get with sentiments, lets get our brain working again, stop looking at the messenger, get the message
michoim:
Lies &Trash
Re: Atiku Abubakar's Chatham House Full Speech by nwatthu(m): 2:01pm On Apr 25, 2018
dont go with sentiments, lets get our brain working again, stop looking at the messenger, get the message
michoim:
Lies &Trash
Re: Atiku Abubakar's Chatham House Full Speech by nwatthu(m): 2:05pm On Apr 25, 2018
FOR THE FIRST TIME, LETS VOTE WHO IS READY FOR THE JOB....WELL ARRANGED PAPER, ATIKU ABUBAKAR IS READY FOR THE JOB..LETS GET IT RIGHT FOR THE FIRST TIME BIKONU.....u neva can tell, Atiku might do the magic
Fyzt:
The Importance of Strengthening State Economic Management Systems

Being an Address Delivered by His Excellency, Atiku i

4. The sub-national economies will be assisted in reforming their economic management institutions, including the revenue generating agencies which are seen by many as failed and ineffectually managed institutions within the state service. They need to be reformed and strengthened to make them more innovative and efficient in service delivery. The reformed agencies will be expected to improve tax-payer compliance, develop potentials of non-tax revenue sources and block all leakages associated with tax administration.

5. Beyond institutional and administrative reforms to improve operational efficiency of the revenue agencies the federating units will be challenged to double their efforts in rebuilding the fiscal-social contract, by enhancing service delivery in key areas such as health, education, water supply and infrastructural development. Only this would change the predominant perception that government revenues are diverted to the private bank accounts of politicians and their cronies.

6. And it is for the purpose of making states lose their addiction to federal allocation, to make them look inwards, and return to the healthy competition of 1957-1966, when Nigeria practiced her unique brand of true federalism known as regionalism, that I suggest the introduction of matching grants to states, that have succeeded in increasing their internally generated revenue.

My idea is for the introduction of Matching Grants to be taken from the revenue accruable to the Federal Government for the purpose of matching the Internally Generated Revenue of each state in order to encourage states to become self-reliant. If I have my way, the Federal Government will match state’s IGR up to $250 million per state.
Even with this policy, the Federal Government will continue to offer support (in the form of intervention programmes) for states that rank below the average development index, until such a time as they are able to become self-sufficient and sustaining.

7. In furtherance of strengthening their economic management systems, another policy I would recommend to Nigerian state is to follow the example President Obasanjo and I laid between 1999 and 2007 when we privatized and liberalized many aspects of the Nigeria economy. It had the almost immediate effects of reducing our wage bill and increasing services, capacity and jobs in the private sector.

By privatizing those state government owned public enterprises that gulp huge sums by way of recurrent expenditure yet give little returns by way of return on investment, state governments can free more of their revenue from recurrent and devote it to capital expenditure.

8. We will promote and insist on fiscal efficiency at the federal level to lead other tiers of government by example. The states will be challenged to adopt sound fiscal management strategy so as to reduce wasteful spending. Many view government spending as wasteful, imprudent and lacking in priorities. Typically, recurrent costs constitute between 60% and 72% of state and local governments.

As I said in a recent interview, if I had the opportunity, I would disrupt Nigeria’s budgeting process. We would have a budget heavy on capital expenditure. Roads will be built in every state. Mass housing schemes would pop up in every local government area. Railways will be extended to every state capital. Rivers would be dredged to open up the hinterlands of the North. Licenses would be given to state governments to begin immediate exploitation of resources in their jurisdictions.

While this is happening on a macro level in the Federal Government, I would create the enabling environment for this to be done on a micro level in the states.

When citizens are working, especially in construction and the service sector, the economy benefits because they pay more taxes, they utilize their increased purchasing power in buying goods and services, which improves Value Added Tax revenue and helps the private sector. The multiplier effects are almost limitless.
I am not talking about what can happen. I am talking about what is currently happening in Rwanda. According to the International Monetary Fund, Rwanda’s economy is expected to grow by 7.2 per cent in 2018. This is an economy that already grew by 6.1% in 2017. Their growth is being driven by the services sector, construction and tourism.
In my private capacity, I am already doing this. There has not been a year in the last twenty years that I have not set up a new enterprise to employ Nigerians. The latest being that we brought the Chicken Cottage franchise to Nigeria which will be creating direct and indirect jobs all across the country.

If states are to strengthen their economic management system the Debt Management Office, which our administration set up in the year 2000 to centrally coordinate the management of Nigeria’s debt must be given more independence than it already has. The head of the DMO must be a person with proven ability to say no to powerful persons otherwise the states will keep on borrowing at an unsustainable rate as we see in today’s Nigeria.

In her just released book, “Fighting Corruption is Dangerous –The Story Behind the Headlines”, Dr. Mrs. NgoziOkonjo-Iweala, former Managing Director of the World Bank and two time Nigerian minister of finance and coordinator of the economy who served during my time in office, revealed that she almost got beaten up by a particular Governor at a meeting of the National Economic Council, because she would not approve his request to take out more foreign loans for his already over indebted states.

There are already statutory parameters in place before the Debt Management Office could approve foreign loans to states, but I would want such parameters strengthened such that Nigerian Governors who are close to the President would not use that relationship to get the ministry of finance and DMO to approve wasteful, unnecessary loans that in many cases are squandered on white elephant projects.

There are states in Nigeria who are unable to pay workers’ salaries, yet have taken out huge foreign loans to build stadia and secretariats. Projects that would not improve their financial position.

We have seen in recent years that both Fitch and Standard and Poor’s have downgraded Nigeria just as the Egmont Group has suspended us. As one who worked very hard along with President Olusegun Obasanjo between 1999 and 2007 to bring Nigeria back from the brink and pay off our entire foreign debt, these negative indices bother me.

9. It is also imperative that our foreign reserves and revenue buffers are boosted to insulate the economy against adverse shocks and to strengthen countercyclical fiscal capacity.

We will streamline the operations of the Sovereign Wealth Fund, the Excess Crude Account and the Stabilization Account which is currently embedded in the Revenue Allocation Formula for more effective stabilization outcomes.

Unless these stabilization vehicles are reshaped Nigeria will continue to be subject to the vagaries of the world oil market.

Let me end by providing more detail on restructuring - even at the risk of me repeating myself. Restructuring Nigeria is no longer an option. It is a necessity. This is why I said in February to Nigeria’s elite that ‘restructuring will not cheat you. It will free you.’

Restructuring will foster the spirit of co-operation and consensus in a nation of diverse ethnic groups, cultures and religions. It is desirable, in fact you may even say it is required to establish, nurture and sustain a strong and effective democratic government.

We must also remind ourselves that restructuring is not a new or strange phenomenon. A number of developing economies have had cause to restructure their economies, for greater efficiency or to correct imbalances or to reorient them towards, for example, more open and market-oriented systems with greater reliance on the private sector as engine of growth. Even the United Kingdom is restructuring its political and economic systems to enable a better union among its component parts. Businesses restructure for better performance. Even families do!

Faced with the reality of non-performance, Nigerians have clamored for the restructuring of the economy towards a more diversified structure. Similarly, in line with current global realities, citizens have come to appreciate that the old economic model, built on public sector supremacy is no longer a viable, sustainable option. They have therefore called for a re-orientation of the economy to leverage resources from the private sector and stimulate growth and development.

To make this, that is, economic restructuring happen would require appropriate political intervention. In particular, it would require that we establish and sustain a model of governance which would nurture a spirit of participation and consensus on key national issues and accommodate all the diverse segments of the society.

In other words, if we accept the wisdom behind calls for a restructuring of the economy, we must be ready to build a foundation for its success: we must, in other words re-structure the polity.

Nigeria has operated for too long a faulty system of federalism especially under military governments. True federalism ensures that a strong federal government guarantees national unity while allowing various parts of the country or the federating units to set their own priorities.

As a consequence, the Federal Government appropriates, along with these responsibilities, huge resources. For example, in the allocation of revenue from the Federation Account the Federal Government is unduly favoured at the expense of the States and Local Governments. Out of every Naira in the Federation Account, 56k will go to the Federal Government and four other ‘special accounts’ which it manages! This is neither efficient nor equitable.


Let me use this opportunity to once again emphasize why everyone of us must be involved in the discourse on re-structuring. When I carry the gospel of restructuring Nigeria around, I don’t carry it for mere political convenience, I am in this crusade for the purpose of making Nigeria work. Africa and indeed the world needs a Nigeria that is working.

While maintaining all the other niceties inherent in promoting the restructuring discourse in Nigeria, today, I want to add that beyond the healthy competition among the federating units which a restructured Nigeria would engender, is the unique opportunity for the retooling of the leadership recruitment process in the country. Governance would be elevated to a serious business manned by equally serious-minded people. The attraction to power would no longer be a chance to stumble upon privileges not worked for. But a carefully calibrated move to demonstrate ingenuity and quality in creating wealth for the country.

The restructured Nigeria that I talk about, is a Nigeria that not only provides opportunities for everyone to work but even more specifically challenges the leadership to demonstrate capacity to create wealth for every layer of governance.

It is time for serious minded people to get involved and take the lead in making our country work. It is time for citizens to demand as a matter of right, from people aspiring to lead them, a plan on not just how to manage their wealth but most fundamentally how the wealth is going to be created. Slogans cannot take the place of plans and propaganda is a poor substitute for proper agenda.

For long, our leadership has been pampered. We work into managing a wealth we have little input into how it is created. And because we are not involved in the creation, we rarely appreciate it. Hence, we turn out as either bad managers or killers of the greater Nigerian dream.

For instance, I insist, anybody who cannot tell Nigerians at the State level how, he/she is going to generate the required resources to run the State he/she is aspiring to govern is not worthy of the electorates’ votes. Nigeria needs a leadership that can create wealth for the country and make it work. Every part of Nigeria has enough wealth to sustain it. What is lacking is the leadership with the required capacity and vision to tap and manage the wealth on behalf of all.

To me, any skeptic of restructuring Nigeria, is submitting to the leadership indolence which has denied the country its cherished position of leading Africa to greatness.

Restructuring is not just about the devolution of powers to the states, it is about transforming the role of the federal government. In matters of territorial governance, the federal authorities must learn to cooperate with, and in some instances defer to state authorities; in matters of economic governance, the federal authorities must learn to cooperate with, rather than displace or ignore, the private sector.

If we want Nigeria to succeed, we must break with the misguided notion that the Federal Government, or the President, knows best, and that no one else can be trusted. When I talk about restructuring, I am not talking about just constitutional tweaks, I am talking about a cultural revolution. It is not about re-shuffling a few responsibilities or resources, but about disrupting the authoritarian politics our democracy has inherited from its military and colonial rulers.

And there is nothing abstract about it: just think about the open skies agreement [Single African Air Transport Market (SAATM)], which African governments agreed on in January, and which the Nigerian government underwrote without consulting our airline industry. You do not have to convince me that we must integrate African markets, that we need arrangements like the open skies agreement. I am a believer. But you will never convince me that a government can build an open market economy or transform trade relations if it refuses to cooperate with the private sector.

We, as a nation, must rekindle the spirit of enterprise we experienced two decades ago, when we prepared our return to democracy. We must rediscover the pragmatism that guided us through the difficult transition we were facing at the time. And we, as leaders, must recognise that this time, we cannot do it alone: we must encourage cooperation, we must embrace openness, and we must rebuild trust - with our people, but also with our international partners.

These are some of the ways I believe Nigeria’s states can improve their capacity, increase their revenues and better manage their local economies which are critical to the safety, prosperity, and welfare of all Nigerians and will allow my homeland to realize its true potential.

Let me end with these words: Some Nigerians states are poor not because they are not receiving a fair share of oil money but because they are not receiving a fair shot at true federalism. Only restructuring can correct that.

Thank you all and may God bless Nigeria.
Re: Atiku Abubakar's Chatham House Full Speech by PerformOrResign: 2:11pm On Apr 25, 2018
Atiku will make a better president

3 Likes 1 Share

Re: Atiku Abubakar's Chatham House Full Speech by PerformOrResign: 2:13pm On Apr 25, 2018
Jsucre:
paper work wey dem no go put for practice, Atiku enudun ro'fo

But I know Atiku will put this paper work to work
Re: Atiku Abubakar's Chatham House Full Speech by PerformOrResign: 2:14pm On Apr 25, 2018
Jsucre:
paper work wey dem no go put for practice, Atiku enudun ro'fo

I understand where you are coming from but let's give him a chance
Re: Atiku Abubakar's Chatham House Full Speech by PerformOrResign: 2:16pm On Apr 25, 2018
asawanathegreat:
That will not make him to win the next election

He will win for he is a better performer than Buhari

3 Likes

Re: Atiku Abubakar's Chatham House Full Speech by asawanathegreat(m): 2:19pm On Apr 25, 2018
PerformOrResign:


He will win for he is a better performer than Buhari
issorite
Re: Atiku Abubakar's Chatham House Full Speech by Nobody: 2:31pm On Apr 25, 2018
This one look presentable at least.
The one we have now, I shake my head.

1 Like

Re: Atiku Abubakar's Chatham House Full Speech by Jsucre(m): 3:09pm On Apr 25, 2018
PerformOrResign:

But I know Atiku will put this paper work to work
chai! you know?
Re: Atiku Abubakar's Chatham House Full Speech by Curvinus(m): 3:10pm On Apr 25, 2018
This is the progressive ideology that Nigeria really needs , not the bunch of rigid, most conservative and reactionary feudalists that are labeling themselves progressives in the APC.

1 Like

Re: Atiku Abubakar's Chatham House Full Speech by positivethought: 3:10pm On Apr 25, 2018
IamaNigerianGuy:
Something in me wants to give Atiku a chance... The man has ideas.
my brother I keep saying Atiku is the man for the job but sentiments n hatred will not allow Nigerians,there is often the talk of corruption case against Atiku in the U S but here he is in Britain the U S strongest ally,now if Atiku is wanted in the US will the British accept him in their country?, if I have the powers I will make debates before the elections in 2019 compulsory and in a face me I face you fashion I. e you question I question you, then I will match buhari with Atiku n let Nigerians judge for themselves.

2 Likes

Re: Atiku Abubakar's Chatham House Full Speech by Evangdanyno2017(m): 3:32pm On Apr 25, 2018
Atiku would make the best president nigeria will ever have if he has the opportunity.

1 Like

Re: Atiku Abubakar's Chatham House Full Speech by mikejimm: 3:42pm On Apr 25, 2018
kennosklint:
We don’t Buhari and we don’t want Atiku they are birds of a feather.
.

Atiku is quite different from Buhari. He is a businessman with a track records of successes! We need people like him, Tony Elumelu, Bola Tinubu and co in government!

1 Like

Re: Atiku Abubakar's Chatham House Full Speech by mikejimm: 3:46pm On Apr 25, 2018
hmuhammad:
PMB till 2023, Osinbajo till 2031
.

Buhari ke with all these killings. If you mention Oshibajo I will agree with you.
Re: Atiku Abubakar's Chatham House Full Speech by prixm: 7:18pm On Apr 25, 2018
I'm beginning to love this man. I have no doubt anymore that this is not mere political talk. If this man ever become the president, he will restructure Nigeria. If this man has brains to run big businesses then he surely towers over others whose only claim to super wealth is embezzlement and graft. If the claim that he had big businesses even before he became the vice president is true then he should also be far better than many leaders who have no history of capacity to run anything.
Re: Atiku Abubakar's Chatham House Full Speech by hmuhammad(m): 5:23am On Apr 26, 2018
mikejimm:
.

Buhari ke with all these killings. If you mention Oshibajo I will agree with you.
Buhari will complete his 8 years, then handover to Osinbajo
Re: Atiku Abubakar's Chatham House Full Speech by Apoztl3(m): 10:39am On Apr 26, 2018
Slogans cannot take the place of plans and propaganda is a poor substitute for proper agenda.

___Atiku 2018


Enough said... Atiku is the desire leader Nigeria needs
Re: Atiku Abubakar's Chatham House Full Speech by Apoztl3(m): 10:55am On Apr 26, 2018
Slogans cannot take the place of plans and propaganda is a poor substitute for proper agenda.
__Atiku Abubakar 2018
#AtikuInChatham


Enough said. Atiku is the desired leader Nigeria needs

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