Atiku Abubakar, The presidential candidate of the Peoples Democratic Party, has proposed the expenditure of $10 billion as an Economic palliative fund within the first 100 days of his presidency in the event that he were to win the 2023 presidential election.
Atiku declared he would support private subdivision infrastructure development and give precedence to businesses in the manufacturing, agricultural, and micro, small, and medium enterprise sectors.
Following his speech at the Lagos Chamber of Commerce and Industry in Lagos state on Tuesday evening, the former vice president gives the hint in a Facebook post.
He said, “Within the first 100 days in office, I will create an Economic Stimulus Fund with an initial investment capacity of approximately US$10 billion to prioritize support to MSMEs across all the economic sectors.”
He went on to say that more non-oil exports were necessary for Nigeria’s economy to thrive in order to generate more foreign currency, strengthen its foreign reserves, and help stabilize the naira, all of which would help the country’s GDP rise.
He noted, “Poverty reduction shall be the centrepiece of our economic development agenda and economic performance shall henceforth be measured by the number of jobs created and the number of people lifted out of poverty.
He emphasized that he will promote a private sector-led infrastructure development fund for the funding and implementation of important infrastructure projects in order to concentrate on non-debt financing.