Day: October 22, 2022

L-R, APC chairman Adamu, President BBuhari, Tinubu, Senator Tinubu, Senator Lawan and PCC DG Gov. Simon Lalong

I will lead Tinubu’s campaign: President Buhari

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The speech of His Excellency President Muhammadu Buhari at the unveiling of the PCC and the Action Plan of the APC Presidential candidate delivered Friday, October 21, 2022

1. I am glad to be here today to join leaders and members of our great Party on this yet another epochal occasion of unveiling the Action Plans of our Presidential candidate, Asiwaju Bola Ahmed Tinubu, the Jagaban, my friend, partner, and brother.

2. It is indeed an important occasion for two reasons. First, it is significant to note that this unveiling is the third by our Party. I have had the opportunity of unveiling two Action Plans. I had the privilege of presenting our party’s manifesto of Change in 2014. It was a manifesto that signposted our collective desire to arrest the directionless journey our country was headed under the Peoples Democratic Party (PDP). The second time was in 2018 when I unveiled the Next Level agenda of our government.

3. The second reason this occasion is significant is that we are having our first transition within our party where I am in the last year of my two-term mandate, and we have a new candidate to lead our party into another Presidential election.

4. The events preceding our Presidential primaries and the conduct of the primaries
were important milestones in the development of our internal democracy and party politics. I must congratulate the leadership of our party, other stakeholders, and the entire party members for the success of the exercise. We can say with confidence, that our party, the All Progressives Congress (APC), is charting a steady course in our journey towards enthroning lasting democratic culture in our body polity.
 
5. I want to formally express my gratitude to all our Party officials in the National Executive Council, the Zonal, State, Senatorial, Local Government, and Ward executives for their unalloyed support for me and the great efforts and outstanding commitment to the cause of our Party during our previous campaigns, elections, and during our over seven years in government so far.  

6. It is important for us as members of APC to understand the importance of building a strong and purposeful Political Party. You would recall that the project of pulling our country back from the precipice in 2015 was made possible by putting together a formidable Political Party peopled by many who have made a vow to work for a Nigeria we all can be proud of.

7. In our seven years journey as a government, we have every reason to be proud of our achievements. Despite the unfavourable circumstances of global economic downturns, the Covid-19 pandemic that practically grounded the world for over a year and upset many nations’ growth, very low international oil prices resulting in low revenue, and our local challenges of insecurity, and inherited systemic corruption, we have managed to make our country stable and lay a solid foundation for progressive growth.

8. Today, we can say that our security personnel are better equipped and motivated to continue their activities in the battlefield that have led to massive and successive operational successes in our quest to secure our country by providing adequate security for lives and property of all citizens.
The efforts of our men and women in the armed forces over the last years are beginning to yield positive outcomes. We are gradually taking back our country from the bandits, kidnappers, and terrorists in the northeast and northwest and other parts of our country.

Our administration remains committed to progressively eliminate all flashpoints of insecurity nationwide. We would triumph over the enemies of our country; in whatever forms and shapes they appear.

Our commitment to stimulate our nation’s economy through massive infrastructural development has not been misplaced. We are already seeing the unprecedented infrastructure across the country. The real impacts of our efforts will be felt more as the various projects are completed and put to use in the coming days.
 
9. It is worth reiterating the fact that we are stronger today only because we continue to support the Party. For us to develop an enduring democracy in our country, we must first subscribe to the supremacy of our Political Party. We must subject ourselves to the rules and learn to operate within the guidelines as stipulated in our Party’s Constitution.

10. It is on this note that I want to rally all our party members behind our candidate, Asiwaju Tinubu in our determination to continue to lead this country so that we can consolidate on our achievements and do more. It would be disastrous to allow a situation that will lead to the reversal of the progress our country has made. Let me add that i joyfully accept the position of the chairman of campaign council we are unveiling today.

11. Our candidate, Asiwaju Bola Tinubu is too well known for his capacity and can-do spirit. He stands tall in his track records as a democrat, a champion of the rule of law, a man at home in every part of our country, and a truly visionary leader.

I will be at the forefront of this campaign. This election is even more important than the election of 2015 that brought us into power. The costs of losing the gains our country has made is much more than the need to stop the haemorrhage that led to our coming together nearly nine years ago.

12. I, therefore, want to assure all party members and supporters of our government that I will be at the forefront of this campaign. This election is even more important than the election of 2015 that brought us into power. The costs of losing the gains our country has made is much more than the need to stop the haemorrhage that led to our coming together nearly nine years ago.

13. I want to charge every member to put in all their efforts during the next four and half months of campaign to ensure we record a resounding victory in all our elections nationwide. The future of this country is safer in our hands.

14. At this juncture, I would like to congratulate our Presidential candidate and his running mate, Senator Kashim Shetima, for the victory at the Primaries. I want also to commend the maturity and sportsmanship of other contestants. I am glad to know that most of our aspirants transferred their structures, including campaign offices to our party’s candidate after the primaries. This is a demonstration of the commitment of our party leaders and members to the cause of democratic practices.
 
15. Similarly, it is important for all our Party members to see themselves as ambassadors of our progressive principles and exemplify the best of us wherever they find themselves.
 
16. I thank you for the job you are doing for us as Party members and for our government. I wish us a successful campaign and outcomes in the 2023 elections. God bless our party.

God bless the Federal Republic of Nigeria

L-R, APC chairman Adamu, President BBuhari, Tinubu, Senator Tinubu, Senator Lawan and PCC DG Gov. Simon Lalong

Tinubu’s Action Plan envisions a better economy powered by youths, farmers, and workers

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By Kehinde Bamigbetan

The race to Aso Rock gained new momentum on Friday when the All Progressives Congress launched a manifesto that seeks to rejig the economy by unleashing the energy of the youths, the farmers, and the workers.

The 80-page document titled ” Hope Renewed” consolidates the achievements of Muhammadu Buhari’s administration in agriculture, infrastructure and security and plans new ways of running the economy by adopting fiscal and monetary policies to boost the production of goods and services to tame inflation.

This shift in economic and financial strategy is no surprise to policy watchers who know the wizardry of the presidential flag bearer, Bola Tinubu in public finance.

Tackling the need to tackle inflation and the resultant reduction in the purchasing value of the Naira, a major complaint of Nigerians, the manifesto says it should not be managed by raising interest rates and tight monetary measures used for inflation caused by the rise in demand.

Instead, it diagnoses the current inflation as the outcome of an inadequate supply of goods and services and thus devotes over 70 pages to the robust mobilization of human and material resources to fill this supply deficit.

The manifesto equally deals with other dimensions of the depleting value of the naira including the exchange rate mechanism, debt payments, and interest rate regime.

“Our fiscal strategy is to spend public money only in a way that maximizes employment of people and resources, especially those previously idle…Monetary policy must focus on the exchange rate, interest rate, and price levels. The trio must serve the objective of fiscal policy, which is broadly shared prosperity.”

In tune with the clamour of Nigerians for a stable exchange rate and strong Naira, the manifesto laments that the country is tied to ” an ineffective somewhat arbitrary exchange rates, ” concluding that the “situation gives rise to financial dislocation, currency speculation, and arbitrage.”

On debt payments, another sore controversy among Nigerians, the manifesto pledges to liquidate them by tying debts in foreign currency to revenue-generating projects, limiting such debts to essential infrastructures, and limit future debts to the naira.

Increasing the purchasing power of Nigerians is one of the targets of the manifesto. Although many Nigerians are yet to get into the tax net, those in formal employment in the public and private sectors pay as they earn. A Tinubu administration will lower taxes but spread the tax dragnet to cover more, improve collection and demonstrate value to encourage more Nigerians to pay.

Analysts believe the emphasis on the financial system as a key component of the manifesto reflects the background of the candidates: Tinubu, the auditor and finance logistician, and Kassim Shettima, banker and agricultural economist.

Nevertheless, both recognise the financial system as the system of exchange whose foundation is the production of goods and services.

For instance, recognising agriculture as the mainstay of the economy and employer of half of the over 200 million population, the manifesto seeks to increase land for cultivation, from the current 35% capacity to 75% in four years.

To achieve the goal, it plans to increase the amount of land for cultivation in river basins with irrigation, work with states to expand rural infrastructure, farmers’ cooperatives and storage facilities for fresh crops, set up commodity boards, and promote commodity exchange markets. It plans to reform the Bank of Agriculture.

A key area for youth entrepreneurship in the party’s new covenant with the people is the plan to boost agro-processing by adding value to raw crops for domestic and export markets.

Determined to build a great African economy, the APC manifesto will incentivize the corporate sector based on how many unemployed urban youths a company employs and encourage youths to innovate with state credit to information technology start-ups.

To domesticate industrial production, a Tinubu administration will encourage international manufacturing companies to produce what we import domestically, in the conviction that laws such as the Local Content Law will oblige backward integration and transfer of knowledge to Nigerians.

With agriculture and industry driving a new phase of the Nigerian economy, the additional impetus from the new measures to be introduced in energy, transportation, technology, health and education will generate the surplus needed to tame inflation, strengthen the Naira and put the economy in faster track.

About

Senator Bola Ahmed Tinubu is a man of many traditional honours across the country, from north to south, west to east. The array of titles he has garnered was only comparable to that of Chief Moshood Abiola, winner of the 1993 Presidential election.

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