Vice Presidential candidate of the Peoples Democratic party, PDP has said that the private sector must take over fixing Nigeria infrastructure. According to the former Anambra State governor, while speaking at a business community said that private sector leading the way, is the only and government will only have to provide support.
The VP candidate noted that there’s won’t be like that of the present government, who took 3 years to come out with the Economic Recovey and Growth Plan (ERGP) document and still yet to meet 30% of it.
He reiterated his stance that Nigeria needs to be moved from a consumption country to a productive country. And investing in education isn’t negotiable.
See full statement here
Fixing Nigeria’s infrastructure must be private-sector led. All the government must do is provide the support and what we can call a guarantee for the private sector to be able to build infrastructure.
It took the present government 3 years to come out with the Economic Recovey and Growth Plan (ERGP) document and they are yet to meet 30% of it. Before going in, we already have a plan.
I assure you, in turning around the economy, construction will be critical. However, it won’t be done as it is being done today where the country is being put in debt.
We need to move Nigeria from a consumption country to a productive country. That is what we mean by to Get Nigeria Working Again. It means we will get Nigeria producing again.
The more you can invest in education, the better the economy. Nigeria has millions of out of school children. This is an emergency and this emergency has to be dealt with.
Currently, we see education as an expense, no! Education is an investment and should be seen as so. Let me emphasize that there is nothing wrong in borrowing. Nations and businesses all around the world have made success by borrowing. If you borrow for consumption, then there is a problem. If you borrow for production, then it’s okay.
Between education and health, both of them together are around N800billion, but the government is paying over N1.5trillion in subsidy. Doesn’t make sense.
Nigerians who are leaving Nigeria, if they can find hope here they’d stay. Even foreign investors, you don’t have to look for them. If the local investors are doing well, they’d come, but currently local investors are collapsing.