As the Presidential election campaigns kick off, policy document of the candidate of Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has tactically exposed his intention to contest a second term as against his earlier promise of running for a single term.
Although, his spokesman, Segun Showunmi claimed that Atiku will handover in 2023 to a young Nigerian, the policy document of the former Vice President has betrayed such early agreement.
Meanwhile, the Presidential candidate has not made any official statement in that regard living followers in suspense.
However, Atiku in policy document said, “The State’s critical policy priority is to build a broad based, dynamic and competitive economy with a GDP of US$900 billion by 2025.
“By 2025, we shall increase the inflow of direct foreign investment to a minimum of 2.5% of our GDP Working towards achieving the lowest corporate income tax rate in Africa.
“Accelerate investment to double our infrastructure stock to approximately 50% of
GDP by 2025 and 70% by 2030.
“Achieve a sustained increase in manufacturing output from 9% to 30% of GDP by 2025.
“Reduce the sector’s dependence on imported raw materials. Looking inwards will promote value addition.
“Achieve a diversified production structure with more processing of domestic raw materials.”
On electricity, Atiku said: “Power sector reform will be a critical policy priority. By 2025, Nigeria shall make giant strides in diversifying its sources of power and delivering up to 20,000 MW.”
The document indicated that the same 2025 timeline was assigned to crude oil production.
It said: “Prioritise investment in nameplate capacity and ensure that Nigeria starts to refine 50% of its current crude oil output of 2 million bpd by 2025.
“Privatise all four-outstanding government-owned refineries to competent off-takers with mandates to produce agreed levels of refined output.
“Issue new licenses for Greenfield investment in crude oil refining and allied activities.
“Introduce market friendly fiscal and pricing policies.”
Most southerners expected the former Vice President to spend a single term remaining for the North and return power to the South.
