Atiku Abubakar Policy Document 2019 PDF

ATIKU ABUBAKAR | 2019
POLICY DOCUMENT
LET’S GET NIGERIA WORKING

AGAIN
Outline
3 Introduction
8 Building the Economy of Our Dream
21 Our Priorities
49 Governance
58 Funding Our Priorities
2019 GET NIGERIA WORKING AGAIN 2

The Key Messages…
Introduction
▪ ‘one of the poorest and most unequal economies’

▪ Low HD Country. Life expectancy @birth less than 55
1 Under-performance by the State years

▪ Unemployment increased from 6.4% in 2014 to 18.8%
presently
▪ Economic: fragile and. Vulnerable. Undiversified and
2
informal. Precarious fiscal system
Structural Fault-lines ▪ Political: unworkable federal system. Over-bearing
centre and weak federating units
▪ Insurgency
3 Unity under threat
Deadly attacks by Boko Haram 5.2 million Nigerians in NE

65 between 2017 and 2018 5.2m need food assistance
1.7 million internally displace

1.7m Nigerians from 3 NE states Sources: NBS, Amnesty International

Our Covenant with the Nigerian People…
“ Nigeria can deliver. Nigeria can

surpass its own growth
expectations. Nigeria can realise
beyond its dreams. Our pledge to
the Nigerian people is: WE CAN
GET NIGERIA WORKING AGAIN!
”
Our Mission…
Introduction…
To provide the appropriate political leadership for:
1
Unity
Reinforcing Nigeria’s Unity by promoting the
spirit of co-operation and consensus
especially in a society that is as complex and
as heterogeneous as Nigeria
Establishing a strong and effective democratic
2
government that secures our people and
provides opportunities for them to realize their
full potentials, allows greater autonomy for our
federating units, and gives each region of the
Security country a sense of belonging
3
Prosperity
Building a strong, resilient and prosperous
economy

Our Mission
Introduction…
Unravelling the ‘Nigeria Paradox’ Stitching Nigeria’s Structural Fault Lines Reinforcing Nigeria’s Unity
Despite its vast resources, Nigeria’s under-performance is attributable Nigeria needs a unity that is
Nigeria has failed to deliver largely to the many economic and political transparently and collectively
the development and living structural fault lines that limit its ability to sustain negotiated and agreed upon
standards that the Nigerian growth, create jobs and achieve real poverty
people expect or demand reduction We need to restructure our
polity

Building the Economy of Our Dream…
“ Our vision is to transform Nigeria

into a modern economy that works
for its people and capable of taking
its rightful place among the top 20
economies of the world. My
economic policy will be job-centred
especially for our teeming youth
population
”
General Overview…
Growth is slow and uninspiring Economy remains undiversified
▪ Although the oil and gas

▪ Lackluster performance even sector accounts for less
after exiting the 2017 recession than 10% of the GDP, it
▪ GDP growth declined from represents 95% of
2.11% in Q4 2017 to 1.95% in export earnings and up
Q1 and 1.5% in Q2 of 2018 to 60% of government
▪ Growth rates below targets in the revenues
ERGP and below population
growth rate ▪ Manufacturing, weak
and sluggish, accounts
for less than 10% of
GDP
Economy is uncompetitive Foreign investments in decline
▪ Nigeria ranks 115th out of ▪ Due to inhospitable business

140 countries in WEF environment, the economy has
competitiveness ranking failed to attract FDI into the non-
▪ Our ranking is much worse oil sector
than peer countries like ▪ FDI fell to a low of 0.88% of GDP
South Africa, Brazil, China between 2015 and 2017
and Turkey
Sources: NBS, Trading Economics, WEF

General Overview
Precarious fiscal position Fragile financial system
NSE All Share Index ▪ Monetary policy has not

▪ Significant portions of federal been supportive of
revenue are spent on debt growth
servicing ▪ Stock market has lost a
▪ IGR as a proportion of state third of its value in 2015
revenue varies from as low as ▪ Overall macroeconomic
4.93% [Bayelsa] to 78.33% stability remains fragile
[Lagos]
Poor exchange rate management Regional disparities
▪ Lagos state alone contributed

▪ Since 2015 the Naira has lost
over 120% of its value
Gross National Income by zone nearly 30% of Nigeria’s
estimated GNI in 2016,
against the US dollar (Ntr) 2016 compared with the combined
▪ Poor exchange rate
GNI of 19 states at 26%
management led to multiple
NEAST 6.86 ▪ The NW and NE geo-political
exchange rates that were
NCENTRAL 8.9 zones are poorest with
exploited by opportunists,
Intensity of Poverty at 45%
rent-seekers, middlemen, NWEST 9.96
and 44% respectively
arbitrageurs, and fraudsters 19 NORHERN STATES 25.7 compared with 38% for the
LAGOS 29.6 SE and SW zones
respectively
0 5 10 15 20 25 30 35
Sources: NBS, Trading Economics, WEF


UNEMPLOYMENT RATES 2010-2017Q3
UNEMPLOYMENT RATE
20 18.8
18
16.2
16 14.4
13.9 14.2
14 13.3
12.1
12 10.6 10.4
10 9.7 9.9
10
7.8 8.2
8 7.4 7.5
6 6.4
6 5.1
4
2
0
2 0 1 0 2 0 1 1 2 0 1 2 2 0 1 32 0 1 4 Q210 1 4 Q220 1 4 Q230 1 4 Q240 1 5 Q210 1 5 Q220 1 5 Q230 1 5 Q240 1 6 Q210 1 6 Q220 1 6 Q230 1 6 Q240 1 7 Q210 1 7 Q220 1 7 Q 3
Our Economic Development Agenda
05 Human capital development
Promoting economic
04 diversification
03 Reducing infrastructure deficit

The State’s critical policy
priority is to build a broad-
based, dynamic and
Reforming public institutions
02 competitive economy with
a GDP of US$900 billion
by 2025
Competitive and open
01 economic system

Growth Drivers
160 160 160

80 220 80 220 80 220
0 280 0 280 0 280
Enabling business Stable macroeconomic

PPP for infrastructure
environment environment
▪ Reform of public institutions to make them ▪ Accelerate investment to double our ▪ Deepen monetary and fiscal reforms to
stronger and more supportive and facilitating infrastructure stock to approximately 50% of promote a stable macro-economic
▪ Enhanced private sector access to credit will GDP by 2025 and 70% by 2030 environment
be prioritized ▪ Power sector reform will be a critical policy ▪ Monetary and fiscal policies shall ensure low
▪ Regulatory institutions will be strengthened priority inflation rate, stable exchange rate and
and their independence will be shielded from ▪ By 2025, Nigeria shall make giant strides in interest rates that will be supportive of
political interference. diversifying its sources of power and businesses’ quest for credit
delivering up to 20,000 MW

Features of the economy of our dream
Increasing Flow of FDI into Non-Oil Sector
Strengthening Linkages Between Oil and Non-

Oil Sectors
Dynamic, Competitive, Promoting the New Economy

Open, Private Sector
Driven. US$900b by 2025
Expanded export base: products and
destinations
Strengthening Public-Private Partnerships

Increasing Flow of FDI into Non-Oil Sector
By 2025, we shall increase the inflow of direct foreign investment to a

minimum of 2.5% of our GDP
Working towards achieving the lowest Guaranteeing a level playing field, full
corporate income tax rate in Africa repatriation, non-expropriation and easier
land titling
Strengthening the credit guarantee Streamlining the multiplicity of, often

initiatives of Infra-Credit by discretionary, incentives for investment and
substantially increasing its capital simplifying the associated complex
base legislative and regulatory framework
Lower transaction costs: capital Ensuring that the granting of /qualification

gains taxes etc. for tax incentives is automatic, according to
predetermined, uniform, and clear criteria

Promoting the Agri-business Sector
De-risking Agro- Modernization

Commodities
Land Reform Access to Processing and
Exchanges
Finance Clusters Mechanization
▪ Collaborate with ▪ Strengthen the ▪ Improve ▪ Encourage ▪ Improve farming

the States in the markets for agriculture Investment in productivity
design and agricultural sector’s access to Agro-processing through
implementation of commodities financial services, Cluster by offering modernization and
robust and ▪ Orderly through NIRSAL, concessional mechanization of
sustainable land privatization of the by de-risking financing, tax small-scale
reforms Nigerian lending to the breaks and seed agriculture to
Commodities sector by funds international
Exchange commercial and levels
development
banks

Promoting the Manufacturing Sector
Policy objectives What we shall do
▪ Ensure that all major economic and

investment policies are formulated after
sufficient prior consultation with the
▪ Achieve a sustained increase in organized private sector
manufacturing output from 9% to 30% ▪ Work with the Manufacturers Association
of GDP by 2025 of Nigeria (MAN), chambers of
commerce and other relevant
▪ Reduce the sector’s dependence on stakeholders to identify ways to reduce
imported raw materials. Looking the cost of borrowing, tackle incidences
inwards will promote value addition of multiple taxation and improve
availability of foreign exchange for
▪ Achieve a diversified production legitimate production input purchases
structure with more processing of ▪ Review of import duty on raw materials
domestic raw materials that are available in the country and on
imported machinery for local production
▪ Promote the competitiveness of the ▪ Support and vigorously enforce the buy-
sector nationally and internationally made-in-Nigeria initiative by ensuring
compliance with the relevant executive
order by Federal Government
Journey to industrialization procurement agencies

Promoting MSMEs
▪ Nigeria has a vibrant informal sector with nearly 40 million MSMEs employing 60 million people or 84% of the labour force
▪ MSMEs contribute approximately 50% to (nominal) GDP and 7.27% of total non-oil exports
▪ Our investment policy shall seek to strengthen MSMEs by removing all identified impediments to their growth and ensuring that they have strong linkage
with the productive sectors of the economy
▪ We shall prioritize efforts for an easier formalization process of our MSMEs including special fiscal incentives for registration, simplification of the
registration process and less burdensome tax filing requirement
De-risking lending Productivity growth Export orientation
● Extend mandate of NIRSAL to cover de- ● We shall ensure that approvals needed for ● We shall provide support through the
risking of MSMEs lending the creation of new businesses such as NEPC and NIPC to entrepreneurs who
● Increase the MSME funding window land acquisition, property registration and experience restricted access to external
currently, N200 billion to N500 billion construction permits are simplified, markets for goods and services
● Promote awareness of the National streamlined and are not subject to ● We shall promote the harmonization of
Collateral Registry of Nigeria and further excessively complex bureaucratic State and federal tax laws to avoid over
simplify the Collateral registration process procedures taxing businesses
● MSMEs and SMPs (Small and Medium ● We shall enhance the efficiency and ● We shall pursue an aggressive regime of
Practitioners) will be given special fiscal effectiveness of SMEDAN in the delivery tax credits to critical sectors of the
advantages including tax breaks and of business support/advisory services to economy
rebates to accelerate business MSMEs
formalization

Promoting the Oil and Gas Sector
Policy objectives What we shall do
Expand oil and gas reserves and 1 Create a transparent incentive regime for purposeful growth of the national
1 boost upstream and downstream reserve base for oil and gas
production 2 Incentivize building of modular refineries in the northern parts of the country
Re-consider the introduction of the Marginal Fields bid round and Blocks’ Bid
3 Round
More transparency and efficiency
2 in management of institutions in
4 Promote Gas-Power Sector linkages
the oil and gas industry

5 Transparency and accountability of the NNPC: partial privatization
Deploy modern technology in pipeline surveillance and other security

6 enhancements
Implementing the PIB to create a
3 functional, fair and transparent 7 Intensify our engagement with local communities in the oil production zones
upstream and downstream oil and
gas market

Promoting the New Economy
Establish a ‘Technology Support Programme’ (TSP) to be

We shall build a knowledge-based funded by a Diaspora Bond
economy
Develop a more effective and efficient Intellectual

Property Rights (IPR) framework
ICT applied to Produce a comprehensive policy on blockchain

technology and cryptocurrencies
▪ Healthcare
▪ Education
▪ Commerce Enhance ICT literacy initiatives from early
▪ Agriculture school programmes to adult education
▪ Industry
Provide the right incentives for the establishment of
business units by global multinationals

Expanding Nigeria’s Export Base
▪ Aspire to export 10-15% of manufacturing output by 2030 and target 25% by 2035
▪ Double refining capacity to 2 million barrels of crude daily, to export 50% of that capacity to ECOWAS member states
Increase Nigeria’s market share in Take maximum advantage of and improve

the African Continent. our existing trade agreements for the
benefit of Nigerians
Sign-off on AfCFTA while working with Substantially increase the manufactured

the Nigerian private sector to mitigate export funding window
potential risks
Engage with the organized private Create more robust product standards
to identify how best Nigeria can harness and certification procedures
the benefits of AGOA

Promoting Public Private Partnerships
▪ Actively support and rely on the private sector as the ‘engine’ of economic growth
▪ Up to 70% of investment plans to come from the private sector
▪ Establish a more liberal economic space and a business-friendly environment
Privatize State Owned Enterprises including Accelerate a comprehensive power sector

all four government-owned refineries reform to include the provision of licenses
and concession Nigeria’s sea ports and airports for mini-grid solutions to power generation
Liberalize the downstream sector of the Accelerating the privatization and

petroleum industry decentralization of the
Transmission Company of Nigeria
Set up special purpose funds for infrastructure Focus on its core responsibility of facilitation
Investment in education, health, youth and and enabling the appropriate legal and
women empowerment regulatory framework

Our Priorities
Jobs
Human Capital Development
Infrastructure
Our
Priorities
Poverty Eradication

“ Our youth are our most valuable

resource… and charting new
frontiers. Their entrepreneurial
spirit, work ethic, and creative
abilities are things of pride and
should be applauded, encouraged
and nurtured… I should know, I have
thousands of them working for me
”
all over the country…

J ob Creation and E ntrepreneurs hip Development
Our P riorities
The Unemployment Problem Policy Objectives What we shall do
• Close to 16 million people are • Stimulate the growth of the Nigerian economy • Launch a new, more efficient, cost-effective
unemployed, 9 million more than in with a view to enhancing its capacity to provide and sustainable national Entrepreneurship
2014 opportunities for the economically active Development and Job Creation Programme
• Over 2 million new entrants join the population in participate in the economy through • Target the creation of up to 3 million self-
labour force each year meaning the wage or self-employment and wage-paying employment opportunities
unemployed share of the labour force • Facilitate the emergence of an entrepreneurial in the private sector annually
more than tripled in less than a decade: class especially amongst the youth population • Target all categories of youth, including
from 5.1% in 2010 to 18.8% in 2017 that would usher in new jobs, new knowledge graduates, early school leavers as well as
• Unemployment for women and young and the utilization of ICT the massive numbers of uneducated youth
people is at 33% • Partner with the private sector to identify high- who are currently not in schools,
• 70% of unemployed youths are demand skills for skills acquisition and vocational employment or training
uneducated and unskilled and entrepreneurial training • Create incubation centres, clusters and
• Creating jobs and economic • Establishing training programmes linked with industrial/commercial hubs to provide a
opportunities for these people will be certain sectors that may lead to full-time market place for MSMEs and SMPs
vital both for reducing the pool of easy permanent employment • Champion the repositioning and
recruits for violent groups and reducing • Reduce gradually the rate of unemployment and streamlining the activities of the existing
underlying grievances that feed the under-employment to a single digit by 2025 Federal and State Government Job Creation
conflict Agencies

The Job Creation and Entrepreneurship Pathways
Our Priorities…
The Informal Sector Pathway to jobs The School to Jobs Pathway
Re-launch the National Open Support the formal TVET system and
Apprenticeship Programme (NOAP) with re-position the technical colleges and
special focus on young men and women vocational skills acquisition centres to
who may not have had the opportunity to produce skills and competencies for
attend school or complete basic education. innovation and the creation of new
This programme will recruit, annually, 100,000
Master Crafts Persons (MCPs) who will train
1,000,000 apprentices in various trades
3 million ideas and products inside enterprises
from where future jobs and future
prosperity will be delivered
The Entrepreneurship Pathway

jobs MSME /ICT Special Entrepreneurship
▪ Speedy passage of the National annually Pathway
▪ Prioritize support to the MSMEs

Research and Innovation Fund Bill
▪ Grants, loans or equity investments in across all the economic sectors
small enterprises shall be provided ▪ Facilitate the establishment of the
either as start-up capital or to scale up SME Venture Capital Fund by the
innovations private sector
▪ Introduce, and actively promote, a ▪ Facilitate the establishment of the
Graduate Trainee Internship Financial Innovation Fund
Programme (GTI) ▪ Provide special focus on the ICT
▪ Improve the technical and financial sector and aggressively market
capacity of the Industrial Training Fund Nigeria as an outsourcing destination
(ITF) ▪ Actively promote “Nollywood” and
“Kannywood”
▪ Develop sports and sporting facilities

Poverty Alleviation and Economic Empowerment
“ Poverty does not simply have one

solution; rather it requires the
concerted application of many
solutions. Nigeria has vast natural
resources, but our challenge remains
harnessing these resources for the
greatest good…
”
Poverty Alleviation and Economic Empowerment
Our Priorities…
The Poverty Problem Policy Objectives What we shall do
• Nigeria is rated as one of the poorest and • Lift at least 50 million people out of extreme • Provide skill acquisition opportunities and
most unequal countries in the world, with poverty by 2025 enterprise development for job and wealth
more than 80 million of the country’s 190 • Ensure that our economic empowerment creation, rather than direct cash distribution
million, or more than 40%% of the and poverty eradication strategies are • Improve citizens’ access to basic
population living below poverty line coherent and consistent with the strategies infrastructure services – water, sanitation,
• Nigeria has overtaken India as the country to implement the SGDs power, education and health care
with the largest number of people living in • Reconcile the link between economic • Remove all forms of discrimination against
extreme poverty with an estimated 87 m or growth and human development through the marginalized and vulnerable citizens and
about 50% of the population proper selection of effective polices on enhance their access to education and
• The intensity of poverty varies from 38% education and health income generating activities
(SW and SE) to 45% (NW) • Set as our major policy objective the • Implement pro-poor polices that will
• Unless we act fast, Nigeria together with transformation of the agricultural sector into enhance their participation in economic
Democratic Republic of Congo will be a viable high-income generating enterprise activities and improve household income
home to 40% of the world’s extremely poor for the rural workers • Work more closely with NGO’s, the private
people sector and other development partners to
mobilize resources for the effective
Lift 50 million fellow implementation of our empowerment
50m Nigerians out of extreme
poverty by 2025 strategy

Infrastructure Development
Our Priorities…
Nigeria’s infrastructure stock

35% as percentage of GDP
IDU IDF INFRA-CREDIT
compared to 70%
Establish an “Infrastructure Incentivize the private sector Broaden scope of Infra-Credit
international benchmark to establish an Infrastructure
Development Unit” [IDU] in to complement the operation
Debt Fund [IDF]. The IDF will
the Presidency, with a primarily mobilize domestic of the IDF by de-risking
coordinating function and a and international private investments in infrastructure
specific mandate of working resources for the financing and to build investor confidence in
with the MDAs to fast track delivery of large infrastructure taking risk and investing capital
Infrastructure deficit over projects across all the sectors
$3trn the next 30 years and drive the process of of the economy
infrastructure development in
the country
Annual infrastructure
$35bn
investments needed

Transportation Infrastructure
“ My vision is to deliver an affordable

and easily accessible transportation
system that would be fully
integrated across the length and
breadth of Nigeria

Transportation Infrastructure
Our Priorities…
Overview Policy Objectives What we shall do
• Nigerian transport system remains • Develop a new National Transport Policy • Legislation, framework and regulation
primarily unimodal and fragmented with that addresses issues relevant to promote overhaul
over 90% of freight and passengers
moved by road
inter-modalism including institutional • Develop 5,000km of roads by 2025 through
fragmentation, intermodal regulation,
• Both the 2005 National Transport Policy intermodal connectors and measuring •
PPPs and community interventions
Develop and rehabilitate the connecting
(NTP) and 2010 draft National Transport transport system performance road networks across the geo-political zones
Policy were never considered or adopted
due, largely, to poor commitment and lack
• Achieve policy consistency and effective • Encourage transportation development
regulatory framework by vesting the Ministry around the nation’s agricultural and
of capacity
• There is fragmentation in policy making
of Transport with policy and regulatory industrial clusters
and regulatory responsibilities with four
oversight
•
•
Construct up to 5,000km of modern railways
different ministries involved in aspects of Develop Public Private Sector Partnerships through privatization, PPPs and public
transportation (Ministries of Transport; (PPP) for the development of the transport investments
Aviation; Works; and Agriculture and Rural infrastructure
•
•
Improve existing port efficiency and achieve
Development) Put forward an affordable and easily
• The scaling up of transportation spending, accessible transportation system that would
accelerated development of alternative
container ports especially inland dry ports
through construction and operation of be fully integrated across the length and
infrastructure projects will create jobs,
breadth of Nigeria
boost productivity and enhance
competitiveness

Power Infrastructure
“ There will be a deliberate effort to

increase access to electricity for
Nigerians including those living in
rural areas.

Power Infrastructure
Our Priorities…
• Pre-Privatization in 2013, for decades, no • Review of entire industry legal and • Allow NERC to perform its regulatory
new generation plants, whether thermal or regulatory framework to ensure market functions without interference and guarantee
hydro, were built in Nigeria viability its independence
• Post-Privatization to 2018, the power • Ensure coordination of investments in the • Review the Aggregated Technical,
sector has not delivered the promises of Power Sector in Generation, Transmission Commercial and Collection (ATC&C) losses
development envisaged by the reform and Distribution existing in the power networks and extract
program • Ensure effective regulatory environment to firm commitments for a revised ATC&C Loss
• Electricity supply has not improved, yet deliver contract-based electricity market reduction target from the Distribution
average wholesale cost of electricity compliant with market rules companies
generation has gone up by over 120% • Intensify rural electrification projects to • Create an environment that would enable
since 2015 ensure electricity access to over 80 million Distribution Companies recover full costs for
• Majority of the sector players are in Nigerians currently without access to grid power supplied to their consumers
financial distress electricity • Introduce creative solutions towards
• Generation capacity is above 11,000MW • Implement reforms and policies that would addressing the huge debt overhang and
but actual production consistently restore investor confidence in the Nigerian liquidity challenge in the power industry
averages below 4,000MW. Transmission Electricity Supply Industry • Ensure enforceability of industry contracts
remains the weak link with 5,000MW • Upgrade the transmission grid
capacity untested • Adopt short-term emergency measures

Technology Infrastructure
“ My mission is to ensure that

Nigeria’s economy is responsive to
the challenges of the 21st century
knowledge economy by keeping with
the amazingly dynamic
technological pace.
”
Technology Infrastructure
Our Priorities…
• Every single public and private sector • Promote the role of technology in • Implement a four-year plan for the
initiative can be enhanced, catalyzed governance digitization of major government
and improved using the appropriate operations such as procurement to
technology • Build digital literacy
achieve transparency and reduce
leakages
• Strengthen the use of business
intelligence software to analyse public
• Promote private sector technological service productivity
innovation and enterprise • Improve the technology start-up
• Nations that will prosper will be those ecosystem by providing financing and
that embrace comprehensive, agile • Promote technological hubs across the
•
infrastructure
Review, with timelines, partnership
approach that infuses the influence of country and link them with existing
rapid technological advancement into agreements with experienced foreign
Industrial Development Centres (IDCs)
incubators and accelerators to improve
every area of governance & policy to
the penetration of technological
address the issues of inadequate
advancements in the country
technological infrastructure, funding
and poor database
• Enforce and protect intellectual property
rights, which form a crucial component
in technological innovation

Housing Infrastructure
Our Priorities…
Long-term Closing the housing deficit

▪ Title, record and map all landed assets in the country
By 2025, we shall reduce the housing deficit to
▪ Review of the Land Use Act and the passage of a revised Land
less than 10 million houses from the current
Use Act that is more market friendly
deficit of 15 million
▪ Recapitalize the Federal Mortgage Bank
▪ Strengthen the Nigeria Mortgage Refinancing Company (NMRC)
Medium-term
▪ Improve the efficiency and operations of the National Housing
Fund
▪ Promote private investment in housing
▪ Support the states to digitalize their land registries
▪ Enact appropriate foreclosure and securitization legislation to
mobilize additional housing finance
Short-term
▪ Encourage home ownership by introducing tax incentives like
mortgage interest relief
▪ Review pension fund investment guidelines to facilitate
enhanced pension fund involvement in provision of financing
▪ Improve accessibility of citizens to long term housing finance

Refining and Petrochemical Infrastructure
Our Priorities…
• Nigeria’s 4 government-owned • Enhance local capacity to process larger • Prioritize investment in nameplate
refineries have a total installed capacity quantities of our crude for domestic capacity and ensure that Nigeria starts to
of 450,000 barrels per day consumption refine 50% of its current crude oil output
of 2 million bpd by 2025
• Over time, they have operated sub- • Build the enabling infrastructure to add
optimally and struggled to produce at value to the economy via the • Privatize all four-outstanding
10% of installed capacity development of petrochemical facilities government-owned refineries to
competent off-takers with mandates to
• Nigeria is by far the most inefficient • Create 1 million new jobs within 10 years produce agreed levels of refined output
OPEC member country in terms of both via petrochemicals/petrochemicals-

the percentage of installed refining based activities • Issue new licenses for Greenfield
capacity that works and the percentage investment in crude oil refining and allied
of crude refined • Privatise existing refineries and create activities
opportunity for new ones

• Nigeria is currently said to be the • Introduce market friendly fiscal and
largest importer of PMS in the world pricing policies

“ I will like to see a country where our

people live and work in an
environment that guarantees the
”
highest level of social empowerment.

Our Priorities…
Gender equality- 08
Work towards bridging the gender and spatial
01 01 - Education
Reposition the Nigerian educational system to
gaps that exist in education and health.
08 02 deliver more efficiently, effectively and
sustainably.
HDI Investments- 07 02 - Health

Increase investments in the human Promote health care delivery system that is
development sub-sectors especially education
HDI comprehensive, efficient and can deliver
and health by committing 25% of the budget to
education and 15% to health . 07 03 effective and qualitative services to the
citizens.
Senior citizens- 06
MDGs 03 – Job creation
Extend welfare to senior citizens in areas of Implement robust job creation and
healthcare and public transport concessions. entrepreneurship development programmes.
06 04
Science & tech- 05 04 – Vulnerable groups
Promote research in science and technology
05 Design and implement special interventions to
through the establishment of a National support the marginalized and vulnerable
Research and Innovation Fund . groups, including people with physical
disabilities and special needs in the society.

Education
“ I truly believe that an educated

population forms the backbone for a
progressive and prosperous
society… education is the key to
unlocking opportunity, prosperity
and progress… education can and
should be this key.
”
Education
Our Priorities…
• Nearly 70% of Nigeria’s population is • Improve and strengthen the education • Streamline functions and transfer of
under 30 years old. More than 44% is system to make it more efficient, more responsibilities for greater efficiency e.g. by
below 15 years. The structure of the accessible, more qualitative and relevant 2024, responsibility for funding and control
population is therefore such that
substantial resources must channeled into
• Work with the States to carry out far of public primary education shall be
reaching reforms of the system with a view transferred to the local governments
the education sector for primary,
secondary and tertiary education
to developing a knowledge-driven economy • Develop and promote Science and
• There are 11 million primary school pupils • Promote a “Catch-them-Young” approach to Technical Education to create skills for the
skill development new economy
yearly, with a drop-out rate over 50%; by
the secondary school stage, only 4 million • Promote an all-inclusive system which will • Improve access to qualitative as well as
places available. About 7 million are carry along our citizens with special needs industry-relevant education with access,
therefore lost from the system by ensuring that the rights of persons living equity and quality receiving prominent
• Nigeria has more than 13 million children with disabilities are protected and existing attention
that are out of school, which accounts for laws are implemented, and encouraging • Increase investment in social infrastructure
47% of the out-of-school population in the states to adopt these laws by the federal and state governments
world
• Nigerians presently spend in excess of $1
billion annually to acquire education
outside the country

Health
“ No country can truly have

sustainable development without
strong healthy citizens to drive that
process. It is therefore the
fundamental right of every Nigerian,
no matter where they live, to have
unrestricted access to optimal and
affordable health delivery service.
”
Health
Our Priorities…
• There are about 40 doctors, 161 nurses • Our policy thrust will be all embracing and • Ensure a comprehensive reform of the
and midwives available for every 100,000 targeted towards a preventive care strategy Federal Ministry of Health and its agencies
Nigerians. by creating a clean environment, • Accelerate Nigeria’s transition towards
• In 2018, Nigeria has a ratio of 1 doctor to modernizing living conditions, carrying out achieving universal access to affordable and
6000 patients far below the World Health enlightenment campaigns on healthy living, quality healthcare services for all by 2030
Organisation (WHO) recommendation of 1 and supporting with curative care through • Expand access to basic primary healthcare
doctor per 600 patients ratio the provision of state-of-the-art healthcare
• Improve quality of care and clinical
• About 30,000 Nigerians spend $1 billion facilities in hospitals and in rural clinics
•
governance
on medical tourism annually in Europe and Ensure universal access to basic maternal
and child health, reproductive health,
• Unlock market potential of the health sector
Asia since the beginning of the 21st by engaging the private sector
Century. 60% of that total is spent on four
major areas of healthcare: cardiology,
immunization and mental health as well as
effective therapies
• Encourage medium and large scale
orthopedic, renal dialysis issues and • Government will position itself to deal
pharmaceutical industries for the local
production of essential drugs
•
cancer
About 57 million Nigerians have no access
proactively with emergency epidemics like
Ebola, Lassa and others which occasionally
• Expand healthcare professionals to the
frontline and attract Nigerian doctors in the
to clean drinking water and at least 130 afflict the people
diaspora to reverse brain-drain
million Nigerians live in environments that
are dirty with no proper sanitation facilities

Youth and Women Empowerment
“ The youth are our assets…I still have

the same convictions today that our
focus for the Nigerian youth must
remain jobs, quality education, and
”
security. This is priority….
“ Breaking barriers that prevent

women from reaching their best
potentials starts with early
interventions in life and works for
every woman, irrespective of
whether she lives in the rural village,
a lawmaker in the city, or the CEO of
a multinational company….
”
Youth and Women Empowerment
Our Priorities…
• Nigeria has a youth population of • Break all barriers that prevent women from • Encourage States and the private sector to
approximately 140 million or 70% of an reaching their best potential whether in incentivize studies for girls in Sciences,
estimated population of 200 million adolescence or adulthood Technology, Engineering and Mathematics
• Nigerian youth face disproportionate • Promote equal access to job and education (STEM)
social, economic and political barriers opportunities between men and women • Provide microfinance and financing
which prevent them from unleashing their • Pursue financial inclusion schemes specifically targeted at the youth
full potential • Create an environment that provides and women
• Women constitute approximately 50% of employment and fulfilment to our youth and • Create a special tribunal for crimes against
Nigeria’s population and are less women population through education, women including domestic violence,
empowered financially, politically, socially, mentorship, vocational training, and physical or sexual abuse, rape
culturally and economically within and technology and entrepreneurship initiatives • Increase women representation and
outside the home • Set standards that discourage the unfair retention rates in politics and business,
exploitation and persecution of women in through positive action such as quotas for
our society women on political platform and corporate
boards
• Increase the number of appointments made
to young people in government and in
government committees

Sports
Our Priorities…
• Sports can excite and unite the people • Harness the limitless opportunities in sports • Improve sporting facilities in all the States of
• Sports are also big foreign exchange • Encourage optimal youth participation in the country
earners for any country that grooms its sports • Diversify into the promotion of minority
youths and projects them into international • Commercialize sports sports to give Nigeria a better chance of
stardom • Promote greater funding of sports facilities winning international laurels
• Countries that host international sporting and infrastructure by all levels of • Encourage the sport sector as a job and
events generate revenue by promoting government and the private sector wealth creation platform
tourism, local businesses and sustainable • Promote sport as a mechanism for national
employment for their people unity and foreign policy
• In Nigeria, the sports sector is faced with • Partner with the private sector to open
series of challenges including inadequate sports academies for persons with
harnessing of opportunities present in disabilities that will operate across the
sports, inadequate attention to minority regions
sports, under-funding, politicization of
sports and poor management

Culture and Tourism
Our Priorities…
• Nigeria is blessed with rich exotic • Invest, along with an incentivized private • Encourage talented individuals to harness,
landscapes, historical monuments, natural sector, to transform the culture and tourism and showcase abroad, certain aspects of
forests, waterfalls, lakes, rivers and sandy sector into one of the big earners of foreign our literary material and performance
beaches exchange as part of our strategy to diversify traditions
• Each of the over 350 ethnic groups in the economy • Promote local traditional festivals, so as to
Nigeria has a traditional festival to display • Encourage States to develop tourist revive the culture and traditions of our
or a special form of creativity to offer destinations to attract home based and people
contemporary society foreign tourists • Revive National Parks driven by the private
• Challenges include inadequate promotion • Promote Nollywood and Kannywood sector
of local culture, poor support for Arts and • Restore the conduct of the Bi-Annual
Cultural centres across the country, National Festival of Arts and Culture
demonization of Nigeria’s artefacts and • Encourage intervention fund and increase
under-funding budget support for culture and tourism; and
• Advocate the granting of loans and grants to
qualified practitioners

Arts, Entertainment and Creative Industries
Our Priorities…
• The Arts, Entertainment and Creative • Our policy objective will be to demonstrate • Enact right policies and legislations that will
Industry is one of the fastest growing the potential of the entertainment and provide the latest infrastructure, financial
industries in Nigeria and in the world creative industry in Nigeria to contribute to and business development facilities
• The sector can play a key role in the economic growth and job creation, as well • Provide specific finance and strategic
foreign exchange earnings, as well as the as providing a road map for the sector’s support tailored to each segment of the
development of cultural dialogue and development entertainment industry
•
social cohesion
• Obstacles exist such as insufficient access
Defining the rights of practitioners in the
industry, including their intellectual property
to funding, lack of adequate infrastructure,
copyright infringement and piracy, rights
uncoordinated distribution and marketing • Create interventions schemes focused on
channels, lack of appropriate training on offering subsidy to the creative arts industry
contracts, poor capacity building, limited in order to promote stand-alone businesses
access to tax incentives, and absence of
incentives and benefits under the
• Ratify the European Convention on
Cinematographic Co-Production
•
European Convention on Cinematographic
Co- Production, due to Nigeria’s non- Improve enforcement to address the issues
signatory to the treaty and lack of quality of piracy
control • Review international treaties or conventions
relating to Intellectual Property (IP) rights

The Environment
Our Priorities…
Overview What we will do
▪ Niger-Delta ▪ Desert, Erosion and Insurgency-Ravaged

• The Niger-Delta accounted for over 85 percent of Nigeria's States
• While economic development is the annual revenues for the past 50 years, but still battles stark
• Northern states also battle infrastructure deficit, high levels
centre-piece of our national emancipation, under-development and continues to lag behind in almost every
of unemployment, poverty and illiteracy as well as
key area of development. We shall:
we are not losing sight of the need to frightening desert encroachment . We shall:
make appropriate provision for the
protection of our environment ➢ Genuinely implement the Niger-Delta Master Plan
➢
➢
Establish and operationalize the North East
Address the continued lack of infrastructure and social
Commission for Rehabilitation, Reconstruction
• Nigeria’s land areas that demand

➢
services in the region
and Development
Implement a variety of social awareness programmes
➢ Encourage industrialization in the region through
emergency attention include forest
despoliation and depletion, desert
➢ Relocate the Niger Delta Ministry from Abuja to the the development of clusters and dedicated
region to enable it become closer to the stakeholders economic zones
encroachment, Niger Delta pollution, soil
and beneficiaries
➢ Develop and implement a security master plan
degradation and erosion menace
➢ Overhaul the Niger-Delta Ministry & NDDC to remove including security architecture overhaul and
overlaps and making them more functional greater border control collaboration with
➢ Carry out a comprehensive review and impact neighbouring countries
assessment of the Amnesty Programs ➢ Develop and implement a social and re-integration
programme

Management of Economic Resources
Our Priorities…
Overview What we will do
• Nigeria’s management of its economic ▪ Government debts

resources is poor. Our substantial human
and natural resources which provide
• Nigeria’s debt stock has been exhibiting a rising trend, since 2014, increasing from Nillion11.20 trillion to N17.50 trillion in
potentials for the development of 2016 and doubling to N22.40 trillion in mid-2018. We shall:
opportunities for wealth and job creation
remain untapped ➢ Slow down the rate of debt accumulation by promoting more Public Private Partnerships in critical infrastructure
• As a result of poor management of funding
resources, Nigeria is today facing
➢ Review the current utilization of all borrowed funds and ensure that they are deployed more judiciously
unprecedented fiscal crises characterized
by rising debt levels and revenue short
➢ Utilize funds for economic diversification
falls ➢ Review our debt strategy by focusing on concessional and semi-concessional sources
• The deficiency of Nigeria’s economic ➢ Intensify efforts to enhance the internal revenue generating capacity of all three tiers of government
management is only exposed when global ➢ Improve spending efficiency of the Federal government and drastically reduce the share of recurrent revenue in the
oil prices collapse with impact on budget from 70% to 35% by 2025
•
investments, consumption and growth
Nigeria has failed to develop an effective
➢ Streamline the functions of the Sovereign Wealth Fund, Excess Crude Account and the Stabilization Fund and utilize
them for what they really are or should be
revenue stabilization programme and
effective strategic planning to cushion the ➢ Improving the budgeting process to facilitate more effective budget impact on the economy
effect of falls in the price of crude oil.

Governance
“ The Nigeria of our dreams requires

cosmopolitan politics and an all-
inclusive governance structure with
the essential capacity to harnesses
our diversity in a just and fair
environment where the rights of all
citizens are protected by a
transparent government that is not
just deliberate and purposeful but
conscious of its duty to the citizens
and its role and prestige in global
affairs.
2019
”
GET NIGERIA WORKING AGAIN 51
Overview
Governance…
Accountability Transparency
We would erect structures that would There would be a deliberate provision

demand accountability from elected and for unrestricted access to government
appointed government officials at all levels. operations and information to the
Every layer of governance and every citizens. The general public must have
government official would be accountable access to information on government
for their actions and policies. We would policies and programmes.
create a performance measurement
framework and encourage respective
Our Good The Freedom of Information Act would be
strengthened and adhered to.
government officials to provide answers for
their activities and policies Governance
Predictability
The business of governance is too serious
Anchors Participation
a business to be left hanging on the faith of It is imperative that citizens participate

chance and uncertainty. There must be a at all levels of their government’s
deliberate and concerted effort, within the decision-making process. Their
confines of the law, targeted at achieving participation would not end with merely
desired national goals. Nigeria is a casting their votes on Election Day.
democratic polity, governed by laws and They would be encouraged to insist and
regulations anchored on the Constitution of ensure that their votes are counted. For
the country. It is therefore, imperative that effective participation in public policy, it
the application of these laws and is essential for citizens to organize
regulations are made not only fair but themselves into credible interest groups
consistent, and thus predictable (professional associations, academic
unions, students’ unions, labour unions,
non-governmental organizations, etc.)

Governance Policy Objectives
Governance…
Effectiveness
Make Governments at the
01 Cohesion
Foster the spirit of co-operation
Federal, State and Local levels and consensus in a nation of
leaner and more efficient in- diverse ethnic groups, cultures
service delivery by streamlining and religions
04
their functions
Governance
Policy
People
Meet the needs of a rapidly
Objectives 02 Make
Accountability
government more
growing population in a accountable and nurture good
speedily changing global and institutionalise democratic
economic environment by governance
03
bringing decision making as
close as possible to the people

Restructuring
“ All who support the calls for

restructuring our federation are
united in their desire to live in a
society that works better and works
for its people. They are also united
by their love for their country, their
patriotism. Those who do not love
their country would just want it to
break up; they would not be
interested in making Nigeria work
better.
”
Restructuring
Governance…
Why restructure Nigeria? Reminders What we will do
• Meeting the needs of a rapidly growing • Restructuring is not a new or strange • Decongest the exclusive and the concurrent list in
population in a speedily changing global phenomenon the constitution
economic environment requires that decision • Nigerians have clamoured for the restructuring • The Central Government would also retain the role of
making is as close as possible to the point of of the economy towards a more diversified providing the required direction for the economy,
delivery structure defense and national security, internal law and order,
• The autonomy of the States and Local • Restructuring challenges the leadership to currency, international affairs and foreign policy,
Governments both of which are closer to their demonstrate capacity to create wealth for every customs, citizenship and immigration, firearms, and
people than the Central Government in Abuja layer of governance related matters
will result in more effective decisions that • Restructuring is not just about the devolution of • Issues bordering on minerals and mines, internal
would be more potent and impactful in terms of powers to the States, it is about transforming the security including Police, law and order, railways,
results and effects role of the federal government communications, transport, environment, land
• With Local Administrations on the saddle, there • Restructuring, is not limited to constitutional matters, etc, would be devolved to the concurrent list
would be greater accountability for decision tweaks, it is a about deliberate, purposeful and • Local Governments shall become an independent
making as well as improved flexibility, sweeping Cultural Revolution tier of government
adaptability and ability to change as a result of
• Nigerian States are poor not because they are • Federating units will be supported in economic
a reduction in bureaucracy management
•
not receiving a fair share of oil money, but
Restructuring will foster the spirit of co- because they are not receiving a fair shot at true • Nigeria’s common resources will be shared equitably
operation and consensus federalism in accordance with a new revenue allocation formula
to be negotiated across the board

Anti-Corruption and Rule of Law
Governance…
Overview Policy objective What we will do
• Corruption is one of the major problems • Our policy objectives will emphasize prevention • Champion institutional reforms of anti-corruption
Nigeria is grappling with. It poses critical of corruption rather than detection and agencies and strengthening them for more effective
challenges to the economic and social subsequent sanction. Towards this end, an Atiku • Launch a comprehensive National Anti-corruption
development of our nation government will focus on building institutions Strategy that is based on the rule of law, separation
• Corruption not only diverts resources from that will be strong enough not to be manipulated of powers, neutrality and non-partisanship
legitimate causes, beneficial to the society at by personalities and also build a culture of • Strengthen policies and measures for detecting
large, but denies millions of people their accountability, effectiveness, efficiency and corruption through a strong technology infrastructure
fundamental freedoms and human rights transparency. In addition, rigorously enforce that supports the end-to-end operations of
• Although past governments had set up judicious use of public resources, with zero government businesses for transparency,
institutions like the EFCC, ICPC, Code of tolerance for nepotism, corruption and poor accountability, efficiency and effectiveness
Conduct Bureau and Court of Conduct management
• Ensure that judgments on corruption cases are fully
Tribunals to investigate and prosecute corrupt followed through and enforced by the appropriate law
officials in courts of law, very little has been enforcement agencies
achieved in terms of stemming out the • Review the reward system for public and civil
epidemic services
• Strengthen anti-corruption public enlightenment
• Enhance whistleblowing and witness protection
policies
• Promote rule of law

National Security
“ Our national security is multi-

dimensional. It has gone beyond
armed defense to include protection
of democratic and constitutional
values like food security, peace,
human, political and economic
security. Resolving the unfair access
to democratic dividends to reduce
internal armed conflicts,
”
insurgencies, crimes and militancy.

National Security
Governance…
• National security is about ensuring the reign of • The policy thrust of an Atiku government will be • Re-activate meaningful registration at birth as a way
peace and stability in the country so that based on good governance, visionary leadership to reduce crime and protect Nigerians
national objectives are achieved, and the and politics of inclusiveness that will reduce • Conduct the next national population census as the
nation’s sovereignty is sustained citizens’ frustration and alienation and eliminate basis for further development planning
• National security is linked with vital sectors like the compulsion to take up arms against the • Dealing with insurgency using alternative
foreign policy, external defense, economy, society or fellow countrymen. Our priority will be approaches to conflict resolution, such as Diplomacy;
education, internal security, healthcare to restore the citizen’s confidence in Nigeria as Intelligence; Improved Border Control; Traditional
delivery, cyber security, science and one indivisible, indissoluble, ethnically diverse Institutions; and Good neighbourliness
technology, policing, etc but strong country to protect them and secure
• Restructure and Decentralize Security Institutions
• Security challenges have plagued Nigeria’s socio-economic benefits
• Promote Regional Security Cooperation
North East, Middle Belt and Niger Delta
•
•
Resolve Militancy Issue in the Niger Delta
The current security challenges facing Nigeria
• Improve Civil-Military Relations
can be attributed to a large number of factors
including high rate of unemployment,
• Strengthen the National Security Council
especially among the youth, illiteracy, extreme • Handle the North East Development Issues
poverty, corruption, bad governance, • Deal with Terrorism, Kidnapping and Other Crimes
discrimination and politics of exclusion, and
religious extremism

International Relations
Governance…
• Nigeria is one of the 193 countries in the world • Our foreign policy thrust will have the promotion • Retool Nigeria’s foreign policy instruments
intricately and inextricably interdependent on of economic diplomacy as its core, ensuring it • Re-activating the Presidential Advisory Council on
one another. It is, therefore, imperative that we affects Nigerians’ lives in the most positive way, Foreign Affairs
forge mutually beneficial relations with the rest while being conscious of the economic and • Convening of an All-Nigerian Conference on Foreign
• Foreign relations are an indispensable employment potential of every activity Policy to promote national consensus on our national
instrument for the achievement of our national interest to guide foreign policy
interest through relations with the rest of the • Providing for a smooth and effective running of Nigeria’s
world on the one hand, and for sustainable diplomatic missions
development, national economic prosperity and • Implement the Diaspora Commission Act 2017
domestic peace and security on the other • Strive to attain the level of economic success that should
qualify Nigeria to join the group of major decision-makers
on the direction of the global economy
• Promote multilateral trade
• Maximise gains of participating in ECOWAS
• Enhance Nigeria’s visibility in the AU
• Enhance Nigeria’s international visibility and improving its
image
• Securing Nigeria’s leadership in world affairs
• Curb the threat of illicit small arms and light weapons
• Get Nigerians in the diaspora involved in nation building

Domestic Financial Services Sector
Funding Our Priorities
• Financial services are the lifeblood of a modern • Financial system stability • Maintain macroeconomic and financial system stability. We shall
economy. When allowed to develop and function, • Improved regulation pursue policies that minimize systemic risk and boost investor
the financial sector enables an efficient allocation • Financial literacy and financial inclusion confidence. We shall endeavour to bring inflation to the single
of scarce financial resources to where they are
• Boosting access to finance for the real sector
digits, maintain exchange rate stability and institutionalize fiscal
•
most needed thereby catalysing economic growth
• Deepening industry penetration
•
discipline
The Nigerian services sector comprises banking,
capital markets, pensions and insurance. Like
• Developing financial technology (fintech)
Guarantee the independence of the regulators of the different
segments of our financial system
most other sectors of the Nigerian economy, the • Financial education shall be introduced and required through all
financial services sector has been left to levels of our education system. In addition, we shall pursue an
underperform its peers in comparative countries ambitious financial inclusion strategy that aims to bring access
and operate well below its potential to basic financial services to all Nigerians
• Address bottle-necks and other challenges inhibiting access to
needed finance for our real sector enterprises, particularly for
MSMEs
• Introduce new incentives to encourage savings and investment
by Nigerians
• Encourage large scale investment in improving financial system
technology. We shall develop a robust policy regime that will
encourage the growth and adoption of fintech products in
Nigeria

Sources of Long-Term Funds for Our Priorities
Funding Our Priorities
Democratizing prosperity
provide incentives for enterprises in the real sector
across our vast country to seek listing and funding
from the capital market. Sectors such as telecom,
power, agriculture, solid mineral, oil and gas and
SMEs would be among the targets. Listing on stock
exchanges will give Nigerians the opportunity to part
Infrastructure funding own companies in these sectors and share in their
successes
▪ Project bonds, to finance expansive
national railways and new major strategic
roads across Nigeria Building savings culture
▪ Non-interest capital market products like
sukuk will be issued Articulate a National Savings Strategy that aims to
provide fiscal incentives for each additional naira of
savings
Diversifying the economy

Enable the capital market to facilitate capital Budget deficit financing
raising across industries and by all tiers of Adopt a different approach to the budgeting process
government for sustainable national to:
development and transformation of critical ▪ Ensure early presentation of budget estimates to
sectors such as infrastructure, agriculture, the National Assembly (at the latest in July of
solid minerals, ICT and education each year)
• Improve Executive-Legislature relations and
interactions to ensure budgets are passed before
the commencement of the fiscal year
• Innovatively leverage capital markets to raise the
funds needed for more effective budget
implementation. We shall achieve this by a
combination of domestic and foreign capital-
raising.

ATIKU ABUBAKAR | 2019
POLICY DOCUMENT
GET NIGERIA WORKING AGAIN

Why is this different? Is it?
• AA has a good grasp of the challenges facing Nigeria. Not the
superficial issues but the systemic ones
• Learning from the mistakes of the past, consolidate on the successes
of previous regimes and build the future
• An unwavering commitment to the principles of open, competitive
and private sector-driven economy
• Commitment to build institutions
63

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ATIKU ABUBAKAR | 2019

LET’S GET NIGERIA WORKING

8 Building the Economy of Our Dream

58 Funding Our Priorities

2019 GET NIGERIA WORKING AGAIN 2

▪ ‘one of the poorest and most unequal economies’

1 Under-performance by the State years

▪ Economic: fragile and. Vulnerable. Undiversified and

3 Unity under threat

Deadly attacks by Boko Haram 5.2 million Nigerians in NE

1.7 million internally displace

2019 GET NIGERIA WORKING AGAIN 3

“ Nigeria can deliver. Nigeria can

To provide the appropriate political leadership for:

Establishing a strong and effective democratic

2019 GET NIGERIA WORKING AGAIN 5

2019 GET NIGERIA WORKING AGAIN 6

“ Our vision is to transform Nigeria

Growth is slow and uninspiring Economy remains undiversified

▪ Although the oil and gas

Economy is uncompetitive Foreign investments in decline

▪ Nigeria ranks 115th out of ▪ Due to inhospitable business

Sources: NBS, Trading Economics, WEF

2019 GET NIGERIA WORKING AGAIN 8

Precarious fiscal position Fragile financial system

NSE All Share Index ▪ Monetary policy has not

Poor exchange rate management Regional disparities

▪ Lagos state alone contributed

Sources: NBS, Trading Economics, WEF

2019 GET NIGERIA WORKING AGAIN 9

2019 GET NIGERIA WORKING AGAIN 10

05 Human capital development

03 Reducing infrastructure deficit

2019 GET NIGERIA WORKING AGAIN 12

160 160 160

0 280 0 280 0 280

Enabling business Stable macroeconomic

2019 GET NIGERIA WORKING AGAIN 13

Increasing Flow of FDI into Non-Oil Sector

Strengthening Linkages Between Oil and Non-

Dynamic, Competitive, Promoting the New Economy

Strengthening Public-Private Partnerships

2019 GET NIGERIA WORKING AGAIN 14

By 2025, we shall increase the inflow of direct foreign investment to a

Strengthening the credit guarantee Streamlining the multiplicity of, often

Lower transaction costs: capital Ensuring that the granting of /qualification

2019 GET NIGERIA WORKING AGAIN 15

De-risking Agro- Modernization

▪ Collaborate with ▪ Strengthen the ▪ Improve ▪ Encourage ▪ Improve farming

2019 GET NIGERIA WORKING AGAIN 16

Policy objectives What we shall do

▪ Ensure that all major economic and

2019 GET NIGERIA WORKING AGAIN 17

De-risking lending Productivity growth Export orientation

2019 GET NIGERIA WORKING AGAIN 18

Policy objectives What we shall do

the oil and gas industry

Deploy modern technology in pipeline surveillance and other security

2019 GET NIGERIA WORKING AGAIN 19

Establish a ‘Technology Support Programme’ (TSP) to be

Develop a more effective and efficient Intellectual

ICT applied to Produce a comprehensive policy on blockchain

2019 GET NIGERIA WORKING AGAIN 20