What I would have done differently if I were the Nigerian President – Atiku Abubakar

Atiku Abubakar Outlines Alternative Vision for Nigeria’s Economy

Former Nigerian presidential candidate Atiku Abubakar has shared his alternative economic vision for the country, emphasizing robust planning, stakeholder consultations, and strategic reforms.

Key highlights of Atiku’s plan include:

1. Improved economic management through better diagnostics and stakeholder engagement.
2. Sequencing reforms to achieve fiscal and monetary congruence.
3. Strategic response to reform fallout, recognizing potential costs.
4. Leading by example, eliminating revenue leakages, and promoting transparency.
5. Enhanced social protection programs for the poor and vulnerable.

Specific measures outlined:

1. Extensive public sector institution reforms.
2. Security sector reform with improved funding and welfare.
3. Economic Stimulus Fund (ESF) with $10 billion initial investment.
4. Skills-to-job program targeting youth.
5. Infrastructure Development Unit (IDU) for coordinated development.

On subsidy removal, Atiku advocates:

1. Tackling corruption within NNPCL.
2. Improving refining infrastructure.
3. Gradualist approach to subsidy reforms.
4. Robust social protection programs.

Atiku also proposes foreign exchange market reforms, adopting a managed-floating system.

These proposals aim to address Nigeria’s economic challenges, promote growth, and enhance the welfare of citizens.