USA Africa Dialogue Series - On the Matter of Articulation of PMB's Economic Goals - As I I Understand Them [Re: [africanworldforum] What are the economic goals of PMB?

Joe Attueyi:

From what I know/understand, PNB's economic goals are about the prudent management of land, labor, capital and technology for the greatest good of the greatest number of Nigerians within the national and global economic environments that he inherited from the previous administration.

(1) About land, he has articulated a policy of less dependence on oil, and more dependence on agriculture and solid minerals.

(2) About labor, he has articulated that he expects the new "land" emphasis to naturally lead to more employment, coupled with conditional cash transfer work-fare of N5000 - 15000 for the "uunemployed".

(3). For capital where there is greatest challenge due to drastically reduced oil earnings, he has articulated an austere (and TSA-monitored) government spending, a capital-weighted 2016 budget, an anti-corruption-induced recovery of "official" loot, and a deficit-budget financed by taxes and (possibly) pension funds and the capital market to fund infrastructure.

(4) for technology. Emphasis on ICT-driven economy, and diversified primary and secondary energy sources, particularly electricity.

I am sure that you are also wondering about the fiscal and monetary policy. Well, they are all to aid the above four policies in a manner to preserve the strength of the Naira, and conserve our foreign reserves - I repeat myself.

There is a lot of dynamics in the world in terms of energy economics and security/terrorism concerns, both at home and abroad, so there needs to be patience on the side of Nigerian citizens, and discipline and focus on the part of the political leadership, in the midst of a highly partisan and divisive political environment.

If you need any more information, let me know.

There you have it.


Bolaji Aluko


On Saturday, January 16, 2016, 'Joe Attueyi' via AfricanWorldForum <africanworldforum@googlegroups.com> wrote:
> Does anyone know? I'd appreciate some education
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