‘’Our Economy still having some hitches, we need to do more to improve the lot of citizens’’
This was the submission of National leader of All Progressive Congress (APC) and former Lagos state governor Asiwaju Bola Tinubu when advising president Buhari on the realistic situation of the nation’s economy as its tell on the people at present while unveiling a book, titled; making steady sustainable progress for Nigeria’s peace and prosperity at the presidential villa in Abuja
The 360-page book is a mid-term scorecard on the Buhari administration put together by the Presidential Media Team. The APC chieftain who refrained from commenting on the 2019 elections, said although Buhari had used the last two years to lay the foundation for a better Nigeria, many citizens were still in lack, due to the prevailing economic crunch.
“Many of our people are without basic needs. Too many parents cannot properly feed and clothe their precious children. Too many young adults exist in the void of joblessness, and too many of us do not have the resources to care for elderly parents who once cared for us. We must cure these wrongs,” he said.
Tinubu implored the Buhari administration to hasten and complete the good works it had started. “Do it the more. The good that you are yet to achieve, get to it with a laser-like focus,” he said. The former governor, who was a special guest of honor at the occasion, noted that Nigeria could not make appreciable progress without robust industrial capacity.
“Our national industrial revolution plan must be more than mere words. It must be refined. Just as the private sector may partner with government on public endeavors, the government must guide and support the private sector into new areas of industry and production.
“Government must invest in research and new products the private sector may find risky and uncertain at the initial stage. Government policy must push and incentivize the private sector into a production of goods that will be demanded in the immediate future and for some time to come.
“Whether we focus on steel, textiles, cars, machinery components, processed agricultural goods, other items, or any combination of the above, we must manufacture things the rest of the world wants to buy and not necessarily the things we think are the easiest to do,” Tinubu said.
According to him, as a corollary to the push for industrial maturity, Nigeria needs a national infrastructural plan that accords with both the industrial plan and with extant agricultural activity. The fulcrum of the plan must be continued progress in the achievement of adequate and affordable electric power, especially solar and wind.
“We must help the common farmer by improving rural output and income. We must return to commodity exchange boards or similar mechanism to allow farmers to secure their income and prevent loss. An active and expanded agricultural loan scheme is needed to further promote these goals.
“More needs to be done to make business and consumer credit available by lowering interest rates. We also must move toward true federalism by the balance of power and responsibility between the Federal Government and the states. In so doing, we attain the correct balance between our collective purpose on one hand and our separate grassroots realities on the other,” he said.