How The Oby Ezekwesili Presidency Will Lift Over 80million Nigerians Out Of Poverty
A former minister for Education, Obiageli ‘Oby’ Ezekwesili, has elucidated on how she intends to lift over 80 million Nigerians out of poverty if she becomes president.
The former minister, who announced her intention to run for Nigeria’s highest office in October, on the platform of the Allied Congress Party of Nigeria (ACPN), disclosed her plans to lift Nigerians out of poverty and to build a new Nigeria that is prosperous, stable and harmonious, among others.
— Oby Ezekwesili (@obyezeks) November 12, 2018
The convener of the Bring Back Our Girls (BBOG) group, Oby Ezekwesili, made this known in her 2019 policy speech issued on her official website.
She wrote: Today I am releasing my platform’s proposal on how we would lift 80 million Nigerians out of poverty. My plan proposes a better future for Nigerians. It is a blueprint of possibilities and a pledge to Nigerians of what an ACPN government can achieve. Our program will provide hope, progress and prosperity for everyone. We will be radical but responsible. We will think big while living within our means. The overriding vision of an ACPN presidency shall be to build a new Nigeria that is prosperous, stable and harmonious.
Let me highlight the economic philosophy of my government; the fundamental principles and concepts that will guide our governance:
- A strong belief in the dominant economic role of the private sector and a commitment of our government to launch vigorous market economy reforms. Through policy, effective regulation and catalytic public investment in the provision of basic services for people and businesses, we will accelerate and expand the sources of growth in the economy.
- A massive program of deregulation of the Nigerian economy to unleash the depth of competition and efficiencies necessary for higher and deeper economic growth and expansion of the economy. The division and rebalancing of roles between business and government will reduce opportunities of corruption and bottlenecks that limit the competitiveness of the Nigerian economy.
- A commitment to pursuing growth that is inclusive which is a necessity for lifting the poor to an improved state of well-being. Research has shown us that the poor are uplifted faster in a market economy cushioned by relevant safety nets.
- A dedication to improving the Productivity and Competitiveness of Nigeria and Nigerians in every sector of economic activity by removing barriers and providing a menu of sound policy measures.
- A deliberateness in easing the Doing Business environment not just for major businesses in Nigeria but for Micro, Small and Medium Enterprises, which are the lifeblood of our economy.
The main way out of poverty is for people to earn incomes. The main way for people to earn incomes is by having profitable work to do. Social safety nets like cash transfers to the poor are good, but they must only be a side component to a private-sector driven jobs strategy. When people have profitable work to do, it leads to inclusive growth and productivity of our economy. Clearly, there is a link joining it all together: Our growth and productivity can only happen when our people have lots of jobs and when they earn incomes that pull them out of poverty.
Right now, people simply do not have jobs. The entire population of Togo is about 8 million people. That is the number of people who became unemployed in just 20 months, between January 2016 and September 2017, under President Buhari, according to the Nigeria Bureau of Statistics (NBS). 8 MILLION!!! Again, think about that for a second. Those are not just numbers – they are humans. 1, 2, 3, 4, 5, 6, 7, 8 million humans. They have families. They have people who depend on them. More are entering the job market and many are losing their jobs. We all know someone who has lost a job in this economy. You may even be one of them. We all have families and friends who call us on the phone, pleading for any change we could spare at all to help them survive one more day. How long can we continue like this?
But the thing is that the government does not have the resources or the capacity to provide these much-needed jobs. That is a settled truth, no matter what any politician says to you. Therefore, in building our new Nigeria, the private sector will be the engine of economic growth and development. Our philosophy for tackling the challenges we face will be market-based, private sector driven and government supported.
Government has a role to play in enhancing the market, not undermining it. When I am president, we will embrace that role. We will set the vision; we will lead on policy; we will ensure smarter, better and clearer regulations; we will help correct important market failures; and we will, of course, invest in critical areas like developing the human capital to power our 21st century economy and leading the way on big-ticket infrastructure.
Now, let us talk about some of our programs; some of the ways we intend to lift 80 million Nigerians out of poverty and propel this country and its great people to their rightful place in the world.