In an opinion piece that was published in The Economist on Wednesday. Asiwaju noted “Over-reliance on oil has distorted Nigeria’s development. A country of over 200 million people cannot hinge its development on a single commodity. #RenewedHope23
We must focus on industrialisation and technological innovation, especially since Nigeria is already the top African destination for startup funding,” he said. #RenewedHope23
We will end the harmful fuel subsidy, estimated to have cost $7.5bn in the first half of 2023. The funds will be more productively used in joint investments with the private sector to create jobs in infrastructure, health care, education, and agriculture. #RenewedHope23
“Nigeria has one of the world’s lowest tax to GDP ratios. We need not increase rates, but improve compliance by overhauling the system and deploying information technology to boost efficiency. #RenewedHope2023
Tied with effective delivery of public services and infrastructure, a virtuous cycle of buy-in from businesses and citizens will strengthen the social contract and place federal revenues on a more sustainable footing.” #RenewedHope2023
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