I will undertake far reaching fiscal restructuring to improve liquidity as well as the management of our fiscal resources. #AtikuAtLCCI
First, we will undertake an immediate review of government spending with a view to eliminating all leakages arising from subsidy payments. #AtikuAtLCCI
Second, stop all fiscal support to ailing State-Owned enterprises. #AtikuAtLCCI
Third, take steps to improve spending efficiency by gradual reduction of government recurrent expenditures. Over the medium term, recurrent expenditures should not exceed 45% of the budget. #AtikuAtLCCI
Fourth, undertake a review of government procurement processes to ensure value-for-money and eliminate all leakages. #AtikuAtLCCI
Finally, focus on non-debt financing by promoting a private sector-led infrastructure development fund for the financing and delivery of key infrastructure projects. #AtikuAtLCCI
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Climate change is real. The flooding that has followed torrential downpours in towns and villages in Nigeria—like other places around the globe, confirms this.
The damage that has been occasioned on account of the floods are troubling. Public social facilities like schools and hospitals have been impacted.
It may be safe to say, however, that no one carries the burden of these floods like our farmers.
Media reports abound of swathes of farmlands and food crops being washed away.
The consequence of these losses by our farmers will be felt by all of us. Any hope of a bumper harvest is now diminished.
Education is the bedrock of every nation. Its benefits are innumerable. The universal attack on education cannot be overlooked. #ProtectEducationFromAttack
With wars in conflict zones and outright abandonment in others, several nations have disregarded the importance of education, thus, risking the future of several generations of children.
In Nigeria, we have witnessed several attacks on schools, particularly in the Northern region, which have led to the abrupt closure of schools by the present-day government rather than addressing the state of the nation’s security.
Last week the National Bureau of Statistics released the GDP figures for Q2 2022. The government has been unreasonably upbeat about the reported growth rate of 3.4%. The plain truth is that the economy is in deeper trouble than the APC-led government is willing to admit.
The citizens' level of misery hasn't changed, and the reasons are obvious: first, the key sectors of the economy, notably agriculture, oil and gas (the country's cash cow) and manufacturing (that contributes to jobs), are either growing slowly or declining.
Second, unabated are rising commodity prices occasioned by high energy and transportation costs (and aggravated by the disorderliness in the forex market). Also, debt levels continue to rise while the fiscal capacity to service its debts is declining.
I congratulate Bishop Peter Ebere Okpaleke on his creation as a Cardinal. I believe that this elevation is not only a recognition for the Bishop of Ekwulobia in Anambra State, the Catholic Bishops Conference, and the Catholic Church but also for Nigeria in general.
I pray for more extraordinary grace and wisdom in discharging his assignment.
I extend my hands of fellowship to Cardinal Okpaleke in nation-building as a leader, both now and in the future, to continue the already established tradition of inter-religious dialogue
I commend the @HouseNGR and @NGRSenate for their bipartisan efforts in passing the Nigeria Startup Bill, and I call upon the President to sign the Bill into law.
The Nigerian start-up space is one of the largest in Africa, and Nigeria has become a key destination on our continent for Tech talent, with the ICT sub-sector contributing approximately 18.44% of Nigeria's GDP as of the end of Q2 in 2022.
The ICT industry is a critical part of my national development plan and framework to ensure economic growth and diversification in the coming years.
Having keenly observed developments in the power sector within the last 24 hours, I am again convinced that my solution to the electricity crisis, as encapsulated in my Policy Document, My Covenant with Nigerians, remains the most proactive plan to lead Nigeria out of darkness.
In this regard, my approach is to first remove the entire electricity value chain from the exclusive list and give states the power to generate, transmit and distribute electricity for themselves.
An industrial dispute with the FG in Abuja should not affect an industry in Lagos or a factory in Aba or in Kano or even an average Nigerian who just wants to get home, watch the news and sleep under a ceiling fan.