Newsonline reports that the presidential candidate of the opposition Peoples Democratic Party, PDP, said he is committed to building an economy that is determined by private and market forces.
Alhaji Atiku Abubakar, who was Vice president under Olusegun Obasanjo, stated that his three points agenda are aimed at opening Nigeria economy for private sectors to come and create the needed employment.
Atiku said under his government, public sectors shall be facilitator and regulators of the economy and private sectors and market forces shall drive the economy.
“Our economic agenda has a comprehensive objective of providing a more hospitable environment for businesses to thrive and create jobs and wealth for Nigerian citizens. And to achieve these, I have three guiding principles to go by:
The first: “Reaffirmation of the criticality of private sector leadership and greater private sector participation in development. Reposition the public sector to focus on its core responsibility of facilitation and enabling the appropriate legal and regulatory framework for rapid economic and social development.”
The second: “Break government monopoly in all infrastructure sectors, including the refineries, rail transportation and power transmission and give private investors a larger role in funding and managing the sectors, thus emulating the benefits accrued in the oil and gas and telecoms sectors.”
The third: “Allow the market greater leverage in determining prices. Government intervention, where absolutely necessary, will be done responsibly and judiciously.”
Alhaji Atiku Abubakar was Vice President of Nigeria from 1999-2007. Atiku was instrumental in the privatization the telecom industry during Obasanjo regime.
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