National Leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has proposed a seven-point agenda, which he said, would revive the country’s troubled economy and drastically reduce her dependence on Petro-Dollars.

Tinubu explained that the development of a national infrastructure plan; the return of commodity exchange boards and the promotion of government-backed housing programmes were important measures that could help to reposition the national economy.

The proposals are contained in a recent lecture the APC leader delivered in Lagos, where he said the decline in oil prices had revealed the travesty of the country’s extant economic model. He proposed a national industrial policy fostering the development of strategic industries, which he said, could create jobs as well as spur sustainable economic growth.

He said: “We must realise that no populous nation has ever attained broadly-shared prosperity without first creating an industrial capacity that employs large numbers of people and manufactures a significant quantity of goods for domestic consumption or export.”

Tinubu noted that England, America and China had implemented policies to protect key industries, promote employment and encourage exports, explaining that these countries represented the past, present and immediate future of national economic achievement. “A strong common thread is their policies of buffering strategic industries in ways that allow for the expansion and growth of the overall economy. So, we must press forward with a national industrial policy fostering the development of strategic industries that create jobs as well as spur further economic growth. “Whether we decide to focus attention on steel, textiles, cars, machinery components, or other items, we must focus on manufacturing things that Nigerians and the rest of the world value and want to buy. We must partially reshape the market place to accomplish this,” Tinubu declared.

He also proposed the need for the federal government to develop a policy of tax credits, subsidies that insulate critical sectors from the negative impact of imports. He equally recommended a national infrastructure plan, noting that roads, ports, bridges and railways need enhancing, and new ones need to be built with the goal being to develop a coherently-planned and integrated infrastructural grid. The APC leader said: “A national economy cannot grow beyond the capacity of the infrastructure that serves it. Good infrastructure yields a prospering economy. Weak infrastructure relegates the economy to the poorhouse. The government must take the lead. “The focus on infrastructure has important corollary benefit.

Federal expenditure for needed infrastructural spending has empirically proven in every place and in every era to boost recessionary economies and provide employment when sorely needed. “Deficit spending in our own currency to advance this mission is neither a luxury nor a mistake. It is a fulcrum of and balanced and shared prosperity. We must overcome the economic, political and bureaucratic bottlenecks preventing us from achieving reliable electrical power,” he stated. He said lack of electricity was perhaps the single greatest impediment to the country’s economic advancement. The lack of power inflates costs, undercuts productivity, causing havoc to overall economic activity and job creation. Our economic situation is literally and figuratively in the dark. “The hurdles we face are not technical in nature. We must convince those political and economic factors currently impeding our quest for reliable power to step aside so that we may obtain this critical ingredient to economic vitality,” he pleaded.

He further proposed a credit-based economy, stating that credit for business investment was too costly in Nigeria. “The long-term economic strength of the nation is dependent on how we deploy idle men, material and machines into productive endeavor. And this is highly dependent on the interest rate,” Tinubu said. He asked the Central Bank of Nigeria (CBN) to cure its affection for high-interest rates, arguing that lower rates were required for industrialists to borrow without fear that excessive costs of borrowing would consign them to irredeemable debts. “The normal profit rates in most business sectors cannot support the burden imposed by current interest rates. If our industrialists do not invest in more plants, equipment and jobs, the economy will stagnate. The banking system would have achieved its goal of low-interest rates at the greater costs of economic growth. “Consumer credit must be more accessible to the average person.

The prevailing norm is for a person to purchase high -priced items such as a car in one lump sum. This is oppressive. It defeats the average person and constrains transactions in real estate, vehicles and appliances that could vitalize the economy,” he noted. Tinubu said government-backed home mortgage system must be re-engineered, contending that mortgage loan agencies must be better funded and should liberalize their eligibility requirements so that more people could qualify for them. “They need to provide longer-term mortgages with manageable interest rates.

The government should provide the supporting guarantees to make such financing a reality. By sparking the effective demand for housing, the overall economy is enhanced. The construction sector and the industries allied to it will surge.” He argued that a workable credit system would reduce corruption, adding that the current lump-sum payment requirement tempted people towards misconduct. “They see no other way to secure such large sums. Their wages will not suffice. They must steal the money, beg for it or forego the purchase,” he said. According to him, having an accessible credit system that provides for periodic installment payments would place a purchase within the reach of people’s wages.

He said agriculture remained the backbone of the country and challenged the federal government to help common farmers by improving rural output and incomes, explaining that this could best be done through ensuring minimum prices for crops strategic to food security. Tinubu told his audience: “Though effective, this policy was shunned because it conflicted with the free market totems that we were asked to erect against our own interests. We must return to commodity exchange boards, which will allow farmers to secure good prices and hedge against loss. “An agricultural mortgage loan corporation should be inaugurated to further promote these goals.

The proposals stated above are largely within the province of the federal government. Focusing on these and other such things will keep the federal government sufficiently busy, Tinubu said.

-Who told him Nigeria economy is troubled?

We need 10 points agenda. It is big pity for our dear country.

Baba always making sense

It's no wonder you are called Jagaban

@welcum include your source

Another facebook lie....

Imagine I was trying to rank my site for the Tinubu keyword....

Every online media house in Nigeria must optimise for Tinubu..

Imagine having his fame.. or having a product that is talked about as much as Tinubu is...

Millions in the bag niyen

No be only 7 point agenda. He is on his own, he will never rule this country. Theories everywhere. Nigeria no be Lagos.

Another one

Tinubu being given some people spiritual E-slap since 18BC

NoFucksToGive

A failed party wants to present itself for another failed mission.

2023 agenda unveiled

south yeast will be angry with this.
I come in Piss

An intelligent accountant offering solutions he brought to Lagos in 1999


.

Wasn't it this same idiot that asked Emefile to practice Idi Amin voodoo economics and print more currency?


Gbana Lord.

Now, this is how to proffer solution to economic problems, not going on Arise TV and be crowing like a cock, reeling out statistics from China and India who don't depend on oil to survive.

Ahmed0336:
south yeast will be angry with this.

I come in Piss

The very worst ipob miscreants can do is to rant on social media.

Anything beyond that, buratai boys will reset their brains

Okay nah

Check the comments as usual!

Why is it that those that vehemently rejects, attacks or reacts to ANYTHING Tinubu are Igbos? why?

What has he done to Ndi Igbo?
[s]

humilitypays:
He sponsored thugs to disenfranchise Igbos from voting their choice Presidential candidate in Lagos in 2015 and 2019.


He used lies and devlish means to form alliance with known terrorists and criminals to ensure a good man, Goodluck was unseated. We hate injustice. Even though Goodluck is not originally from southeast, we stand solidly behind good people who treat others fairly. We stood with Yaradua. We stand with Atiku. We stood with OBJ. We hate criminals who pretend to be Messiah like Tinubu.

Igbos love fairness and equity, the way Tinubu pocketed Lagos, Igbos are against such greed, we are like America, we don't care if it is done in our land or anywhere, we fight for justice.


1966 coup headed by mostly Igbo military officers was never about Igbos but to defend and save Obafemi Awolowo whom the Igbo soldiers saw as being cheated by Zik and Belewa and Atinkola+Bello corrupt government. Though along the line, some of the Igbo officers allowed tribal sentiments to be cloud their good sense of judgment which ruined the original mission of the coup.


Igbos are volunteering in numbers to help Southern Cameroonians fight the North persecuting the South in Cameroon.


Igbos volunteered and joined rebel forces to fight Charles Taylor's regime.


Igbos dislike for Tinubu has nothing to do with Yoruba, we will massively support Osinbajo, Adèsina and other credible Yoruba politicians not a greedy criminal like Tinubu

[/s]

Deluded Hypocrites.
You've fought for justice and fairness in your land first?

Fake news

A criminal that failed to give Buhari his 7 point agenda.
He is hiding it for himself.

You are wasting your time Tinubu.
Abboki will rule for ever

betrayer. I hate injustice. if you like be my father or mother.
You think we dont know your plans
You are the reason why yorubas are suffering

Simplyleo:

The very worst ipob miscreants can do is to rant on social media.

Anything beyond that, buratai boys will reset their brains

but Tinubu is a bastard drug dealing vagabond

Even if the plan is from heaven, this people will still complain.

They always seems to know how to criticize, no single idea or initiative from them

He has some point though!!

But the problem is, These politicians brains tends to disappear the moment they assume office!!

The JAGABAN!

I just love this man.

Some of u reason from ur anus! Does help installing a president translate into influencing his govt policy implementation? Tinubu have a good agenda and a finiest at that, but does northern oligarchy want Tinubu's influence? They're more interested only in controlling political power not how to pilot a develop economy. The fact that, after some years back when Tinubu display this policy agenda, one would think as the party leader, whose party is in power we ought not be where we're now. But instead of castigating Tinubu, I preferred to understand that the gentleman is only being calculative as he isn't allowed to bring any idea that could lead the country out of the quagmire bedeviling the country.

This policy statement released by Tinubu at this crucial time, is a signal of what's to come in the days ahead. Especially, when wrangle is within the party as regards to who should succeed president Buhari in 2023.

Whether there exists any gentleman agreement or written, the point should be did we had some form of agreement prior to APC formation??

Hausas thinks other Nigerians are stupid and they feels the rest of us have less stakes in Nigeria.

ThatFairGuy1:
Check the comments as usual!

Why is it that those that vehemently rejects, attacks or reacts to ANYTHING Tinubu are Igbos? why?

What has he done to Ndi Igbo?

He sponsored thugs to disenfranchise Igbos from voting their choice Presidential candidate in Lagos in 2015 and 2019.


He used lies and devlish means to form alliance with known terrorists and criminals to ensure a good man, Goodluck was unseated. We hate injustice. Even though Goodluck is not originally from southeast, we stand solidly behind good people who treat others fairly. We stood with Yaradua. We stand with Atiku. We stood with OBJ. We hate criminals who pretend to be Messiah like Tinubu.

Igbos love fairness and equity, the way Tinubu pocketed Lagos, Igbos are against such greed, we are like America, we don't care if it is done in our land or anywhere, we fight for justice.


1966 coup headed by mostly Igbo military officers was never about Igbos but to defend and save Obafemi Awolowo whom the Igbo soldiers saw as being cheated by Zik and Belewa and Atinkola+Bello corrupt government. Though along the line, some of the Igbo officers allowed tribal sentiments to be cloud their good sense of judgment which ruined the original mission of the coup.


Igbos are volunteering in numbers to help Southern Cameroonians fight the North persecuting the South in Cameroon.


Igbos volunteered and joined rebel forces to fight Charles Taylor's regime.


Igbos dislike for Tinubu has nothing to do with Yoruba, we will massively support Osinbajo, Adèsina and other credible Yoruba politicians not a greedy criminal like Tinubu

See them..

Don't you mean Igbos reaction?

ThatFairGuy1:
Check the comments as usual!

Why is it that those that vehemently rejects, attacks or reacts to ANYTHING Tinubu are Igbos? why?

What has he done to Ndi Igbo?

Their blood and veins are too polluted with hatred, bitterness, tribalism, bigotry, anger and frustration.

If he likes he shud give us 50 points agenda.
He can never rule this country cos of his region.
Since his pple are betrayals we will play the game of betrayal with dem.
The north shud continue to rule.
We prefer it that way than from somebody from his region to rule thus country.