Tinubu lists 8 things Buhari govt must do for Nigerians

By Tony Edike on 19/01/2018

Share on facebook Yahoo mail icon Gmail icon

Views: 2,009

President Muhammadu Buhari and Senator Bola Tinubu
President Muhammadu Buhari and Senator Bola Tinubu

Former Lagos State Governor, Bola Tinubu, has advised the Buhari government to be more proactive to ensure Nigerians feel its impact.

Tinubu said this in a paper he delivered at the Daily Trust dialogue.

Represented by a former ‎Commissioner for Finance in Lagos State, Olawale Edun, Tinubu highlighted 8 things the current administration must do to foster growth and development.

He said: “1. We are a populous nation with large, ever-growing cities. We need to provide jobs for this expanding urban population.

This means we must press forward with a national industrial policy by fostering strategic industries that will provide employment into the foreseeable future.

2. We need a national infrastructure plan that envisions a coherent and integrated infrastructural grid, as no national economy may grow beyond the capacity of the infrastructure that serves it. This particularly is true of electrical power.

3. We must reject the notion of orthodox economics that governmental balancing of budgets or surpluses are always good. In our case, following this mainstream approach may lead to perpetual stagnation and deter us from the brave steps required to promote true development.

In this regard, an immediate opportunity to provide stimulus to the economy while simultaneously alleviating the hardship of retirees and old-age pensioners presents itself, through the comprehensive tackling of outstanding pension payments. While what is needed is a holistic review and reform of the disjointed social security and welfare apparatus, a good place to start would be the clearing up of existing pension arrears and the establishment of a framework for averting their future build-up.

The wider task of comprehensive social security reform would inevitably require a high-level body to review and advise on the harmonization of various initiatives and deductions from workers’ payrolls in the name of welfare, such as pension contributions, national housing fund, national health insurance etc

4. Monetary policy should move toward lower interest rates to make credit is more accessible to business and the consumer. This will spur industrial investment and help us reach more conducive levels of consumer demand. It also will dissuade people from corrupt temptations.

The need to pay for homes and other costly items in one lump sum payment is a strong invitation to corruption. For example, if mortgages and credit instruments are more available to the judiciary, jurists would be able to purchase homes, decent care and other items considered the basic amenities of modern life via long-term installment payments that can be met through their salaries. Able to purchase these things properly and thus afforded a comfortable life, jurists would be less vulnerable to improper inducements.

5. The government-backed home mortgage system must be re-structured and land conveyance more streamlined make mortgages and all forms of landed transactions are easier and less bureaucratic. This will increase the wealth of the nation and improve the efficiency of land use. It also opens the door to affordable housing for millions of families now beyond the reach of owning their own homes.

6. Agriculture remains the backbone of the nation. We must help the common farmer by improving rural output and incomes. Here, we must revive an old policy that served us well. We must return to commodity exchange boards which will allow farmers to secure good prices and hedge against loss. An agricultural mortgage loan corporation should be inaugurated to further promote these goals.

7. To achieve better levels of overall governance, we need to re-balance the duties between federal and state governments by giving states more power, authority and resources.

8. Last, Government must be sufficiently bold to begin a process that will ultimately result in a government-backed pension plan for all elderly Nigerians, this is something akin to Social Security which all great nations provide for those of advanced age.”

 

Posted 19/01/2018 06:17:04 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
NIDO African Chairman urges Nigerians to be good...

DSS arrests Sen Enyinnaya Abaribe

Zamfara goldfields don’t belong to govt – Commissioner...

Election Petition: Court dismisses petition by Atiku, PDP...

INEC suspends Rivers elections due to violence

Anambra Poll: Soludo extends lead as Val Ozigbo...

Lagos Commissioner for Health, Abayomi, tests positive for...

Buhari replaces NBC DG amid Twitter ban

Plateau Assembly member dies after leg operation

Ex-Presidential candidate, Ezekwesili loses mum to cancer

Sanwo-Olu warns leaders against turning Nigerian crises to...

95,000 enterprises get N100bn loan

 

Latest News Umahi confirms killing of five abducted construction workers in Ebonyi Court upholds withdrawal of Orji Uzor Kalu’s University Certificate Again, EFCC arrests ex-minister Fani-Kayode in Lagos Umahi sacks coordinators, suspends civil servants from war-torn community Refugee Commission boss allegedly refurnishes office with N32m as IDPs die of hunger in Abuja camp Gunmen attack Ebonyi Lawmaker, fire shots at his convoy 24-year old prospective corps member dies in crash on way to camp Ballon d’Or 2021: Messi wins record-extending seventh award Enugu Community deserted as uknown gunmen kill Vigilante Commander Popular Enugu socialite Abana found dead in his car South-East traders reject new increment in Customs import duty Kalu visits Nnamdi Kanu in custody

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (223,453 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (223,451 views) Sickle cell support group seeks government intervention (223,446 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (223,445 views) Ebonyi bans embalming of corpses in homes (223,443 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (223,443 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (223,442 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (223,421 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (217,073 views) ASUU strike: Senate intervention ends in deadlock (216,751 views) All you need to know about Peter Obi, PDP VP Candidate (168,753 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (167,045 views)

 

 

SECTIONS FAITH (158) EDITORIAL (18) NEWS (7,359) POLITICS (495) SOCIETY (132) SPORTS (58) BUSINESS (370) HEALTH (59) EDUCATION (50) ENTERTAINMENT (55) INTERNATIONAL (183) TECHNOLOGY (6) COLUMNISTS (57) LETTERS (4) OPINION (40)

 

 


There are no video entries posted yet.