Professional Documents
Culture Documents
Untitled
Untitled
FOREWORD
AGENDA FOR RENEWED HOPE
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Lagos, together we all can achieve for o Build a Nigeria, especially for our
Nigeria. Our objective is to foster a new youth, where sufficient jobs with
way of life.
rate.
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o Make basic healthcare, education, and I call on you to join my running mate and I
housing accessible and affordable for all.
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NATIONAL SECURITY
THE BEDROCK OF A PROSPEROUS
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respite.
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International Collaboration
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ECONOMY
THE APPROACH OF PROSPERITY
towns.
this.
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Under our government, our cities and In helping to shape this more dynamic
towns will witness a level of industrial economy melding the best of the extant
activity unprecedented in our nation’s sectors with what is new on the economic
history. In this, our youth shall become a horizon, our government will be fiscally
leading catalyst driving the economic active; yet equally prudent in the ‘how and
resurgence. This goes beyond the why’ of public expenditure because public
provision of decent jobs. It speaks of money is also a storehouse of public
empowering those who see their future as values and public trust.
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We will build an economy that produces an economy cannot exceed the capacity
more of the everyday items, both of the available infrastructure to service
agricultural and manufactured goods, it, we shall bring the National
that define an individual’s and a nation’s Infrastructure Policy to life, harmonising it
standard of living.
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FISCAL POLICY
economy.
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Import Substitution
Tax Reform
At the same time, international brands will We shall review the corporate tax system
be incentivised with tax credits, rebates and deploy technology and effective
and other fiscal incentives to establish policies to better rationalise the system.
manufacturing plants in Nigeria both for Our aim shall be to create a progressive
export and to meet the needs of the large tax regime, plug harmful loopholes,
population of consumers in Nigeria and enhance the efficiency of collection and
the wider ECOWAS region. We shall also give the people a greater sense of
enact new policies to exploit the responsibility in relation to their taxes.
framework provided by the African
Continental Free Trade Agreement
(AfCTA) to further boost domestic
manufacturing and production.
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MONETARY POLICY
To achieve optimal growth and broadly In essence, money lends nominal economic
shared prosperity, monetary policy must value to anyone who owns it or anything to
complement fiscal goals.
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sources and causes of inflation so that we debt in foreign currency. Our policy will be
deploy the right mix of fiscal and such that new foreign currency debt
monetary tools to contain it; instead of obligations will be linked to projects that
copying the policies and practices of generate cash flows from which the debt
can be repaid.
foreign currency.
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INDUSTRIAL POLICY
(i) Extend tax and other credits as well as (iii) Develop major and minor industrial
urban youth employment incentives to hubs in each geopolitical zone.
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HOUSING POLICY
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AGRICULTURE
PLANT THE RIGHT SEED,
Historically, Nigeria has been an For decades, they have struggled and
agricultural nation. Even today, a little less toiled under adverse conditions, yet they
than half the people live in rural produced ample harvests. With the
communities, earning their livelihoods unprecedented aid given by the present
from the soil and, in the process, helping government, the agriculture sector has
to feed the nation. However, only 35% of been strongly revived.
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Commodity Boards
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Access to Finance
Our irrigation program, which shall be The governance and structure of the Bank
termed the Irrigate Nigeria Project, will be of Agriculture (BoA) will be reformed to
based on a PPP approach. The enable the bank to fulfil its core mandate
government shall provide an enabling to provide farmers with access to low-cost
environment, encouraging the loans. BoA Loans will be strictly limited to
construction of small-scale irrigation and farm-related investments, shall be
water catchment systems by private primarily directed towards the growth of
sector participants using modern strategically important crops, and shall be
technology and equipment.
carefully monitored.
This Project is expected to boost food Initiatives such as the Anchor Borrower’s
production and employment while helping Program and agricultural credit guarantee
to mitigate the harmful effects of extreme scheme will be expanded and deepened
weather cycles and climate change. In to touch more rural communities and
addition, participation in the Project will provide more capital per individual
support domestic farmers, produce participant.
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POWER
THE WAY TO A BRIGHTER NIGERIA
Nigeria's growth continues to be stifled by Over the long term, we will seek to
the structural constraints of the power implement further reforms to put the
sector. At present, the nation has nation on a track to sufficient on-grid
approximately 12,000MW of installed generation, transmission and distribution
capacity, generates only 8,000MW and is to power the bright Nigeria of our
only able to distribute a maximum of dreams.
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connections are metered during the Our renewable energy plan shall be
construction phase.
Electricity Meters
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Rural Electrification
We will streamline and relax regulations to We will introduce a Nigeria First policy by
enable private sector, local and state which gas resources shall be directed, as
government actors to electrify rural Nigeria a #1 priority to Nigerian power generation.
in a safe and secure manner with We will, in addition, support power projects
reasonable tariffs. We will encourage that can be delivered quickly to optimise
universities and polytechnics to become grid reliability, grid interconnectedness
centres of research, devising new and and grid wheeling.
innovative ways to bring more power to
rural areas.
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Our history shows that the Oil and Gas The sector has also triggered severe
sector is not the answer to our nation’s environmental spoliation of once lush and
economic problems. However, it remains fertile sections of the Niger Delta, taking a
an important industry, vital to both our toll on the health, employment, quality of
short-term economic survival and life and the very social fabric of that
longer-term prosperity and buoyancy.
region.
For now, the sector must play the lead The revenues and returns of the sector
role in generating the foreign currency have been a consistent source of political
revenues needed to help fund the contention and of corrupt designs by bad
nation’s twin industrialisation and actors. The sector produces enough
infrastructural drives.
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economy.
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TRANSPORTATION
MOVING THE NATION TOWARD
ITS CHERISHED DESTINY
Overall, the transportation sector is We will work hard to improve our various
valued at NGN37 trillion. Transport transportation systems to make sure
activities contributed 1.84% to real GDP in those individual human stories and the
Q2 2022. Road transport accounts for the story of our nation affirm the finest
lion’s share of passenger and cargo aspirations of our society.
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the country.
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To guarantee the growth, development and
We intend to take the following steps to safety of the Nigerian aviation sector, a
help achieve our objectives of making Tinubu government will focus on the
better use of our waterways:
following objectives:
(i) Decongest the Apapa Port and (i) We will establish and enforce a policy for
encourage greater use of other major the timely and adequate maintenance and
seaports in the country such as Onne, improvement of airport runways and other
Warri and Calabar. Our policies will critical aviation infrastructure.
enlarging berths and docking facilities to (iii) We shall improve aircraft maintenance,
allow for the largest cargo vessels to use safety measures and incident reporting
all Nigerian seaports.
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EDUCATION
ENLIGHTENED MINDS, AN ESSENTIAL
PILLAR OF DEVELOPMENT
competitiveness.
The reforms we institute will be based on overcrowding and ensure that new
three objectives:
schools have adequate space. We will
(i) ensuring an abundance of qualified make sure federally funded primary and
(ii) creating safe and conducive learning and sufficiently equipped as facilities for
environments, and
teaching and learning.
Nigeria.
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o Teacher Training
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o School Management
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HEALTHCARE
A MATTER OF RIGHT AND URGENCY
fundamental human right and a matter force, poor insurance coverage, high
Our healthcare reforms and policy To rise to the challenge of improving the
agenda shall be defined by the concept healthcare fortunes of our people, our
Leadership
ensured.
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Lessons learned from our national and Our government will support the
global experience of Ebola and the allocation of about 1% of pooled health
COVID-19 pandemic have shown that it is insurance funds to health research,
imperative for us to improve our public through research grants and support for
health response preparedness and institutions involved in health research.
infrastructure including:
(v) access and distribution mechanisms Mental Health and Drug Abuse
(vi) systems to cater to inevitable mass Mental health issues and the
fatalities, when they occur.
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diversification.
Evidence from the largest global Investing in the ICT sector and in the
economies such as the United States, digital economy will stimulate local
China, Japan, Germany and South Korea, industries, enhance competitiveness,
shows that mastery of the Information and increase productivity, and provide millions
Communications Technology (ICT) sector of Nigerians with new skills as well as long-
is non-negotiable in today’s ever- term job and wealth creation
changing world. Such mastery is critical to opportunities.
the future and economic resilience of our
country.
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Tech Manufacturing
manufacturing sector.
E- Commerce
The E-Commerce space has witnessed government digital services not only to
Broadband by 2025
and transportation will benefit the growth Broadband Plan to deliver broadband
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SPORT,
ENTERTAINMENT
AND CULTURE
Creative and cultural industries rank The creative and cultural sector has
among the global economy’s fastest indisputably contributed to our economic
growing sectors. Our nation abounds in growth, earned vital foreign exchange, and
creative talent and artistry. Our film improved our global reputation, projecting
(Nollywood and Kannywood) and music our proud culture to an international
(Afrobeat) industries, the two biggest audience.
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achievements.
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Entertainment Infrastructure
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Welfare Fund.
We will unleash the potential and talent of Sports development in all it’s facets will be
our youth in different sports through a made a priority item under a Tinubu
dynamic training and funding approach government with an increase in funding.
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YOUTH EMPOWERMENT
AND ENTREPRENEURSHIP
BUILDING THE FUTURE, TODAY
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We shall:
o Youth Advisory Council: Inaugurate a
Youth Advisory Council to the Employment
Action Plan which we will develop.
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WOMEN
EMPOWERMENT
BUILDING THE NATION, TEARING DOWN BARRIERS
If Nigeria is to reach its fullest potential,
we must give every person and segment
of the population a fair chance to make
their best contribution to the well-being Social Inclusion and Political
and betterment of our nation.
Empowerment
The growth of our economy and the Working with the National Assembly, we
achievement of our national destiny rests will aim to pass legislation promoting
on equity and the safeguarding of female employment in all government
fundamental rights and decency in our offices, ministries, and agencies. The goal
society.
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Educational Parity
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SOCIAL PROGRAMS
THE MAKING OF A MORE
COMPASSIONATE SOCIETY
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persons.
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JUDICIAL REFORM
GROWTH AND INVESTMENT
wealth.
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Judicial Discipline
Working with the National Judicial We shall encourage the judiciary and
Council, State Governments and legal sector to strengthen their
stakeholders within the judiciary and the disciplinary and integrity monitoring
legal profession, a Tinubu administration mechanisms such that corrupt and
will establish a committee to review and incompetent judicial officials and legal
make recommendations on reforming practitioners are identified and
the structure of our judicial system to adequately disciplined.
Federal Courts.
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FEDERALISM AND
DECENTRALISATION
OF POWER
IN PURSUIT OF A MORE BALANCED
DEMOCRACY
Since our nation’s inception, too much A Tinubu administration will rebalance
power and resources have been lodged at the responsibilities and authorities of the
the federal level. This has come at the different tiers of government. We will
expense of state and local governance. collaborate with the National Assembly
This is problematic because state and State Governments to amend our
governments are closer to the people and national governance architecture such
must be more responsive to local needs that States are afforded the autonomy
and aspirations.
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To achieve the above objectives, our This promotes stronger governance at the
government will pursue the following state and local level, thus reducing
objectives:
Resource Allocation
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FOREIGN POLICY
ESTABLISHING NIGERIA’S
PLACE IN THE WORLD
Foreign policy is the attempt to pursue core Whether this will be Africa’s and Nigeria’s
domestic policy objectives in the century to take the global lead by
international arena. We believe that becoming a continent and nation of
Nigeria’s three fundamental foreign policy immense annual growth will heavily
objectives should be: to (i) protect against depend on the quality of our foreign
all forms of external aggression; (ii) policy.
following principles:
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community.
infrastructural projects.
abroad.
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CLOSING STATEMENT
A CALL TO NATIONAL ACTION
The history of our national journey has There will always be those who find
been as colourful and diverse as our strange comfort in lamenting the fact
people. Admittedly, we cannot be blind to that we are yet to fulfil our destiny as a
the distance we have yet to travel; but we great nation.
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Show us a door, we shall open it. Show us With smart policy, we shall not lose our
a road, we shall travel it. Show us a way. With hard work, the obstacles will
problem, we shall find a way to fix it. Show diminish before us. With singular
us an injustice, we shall strive to correct it, determination, we shall reach our destiny.
renew hope.
hopeful in the fact that the road we travel Bola Ahmed Tinubu
TRIED.
TESTED.
TRUSTED.
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WORKING TO BUILD
A BETTER NIGERIA