How I Will Run My Government Economy- Gen. Buhari
Category: Nigerian National News
On the economic front, the new administration may deregulate, regionalise and privatise transmission of electricity in order to break down centralised transmission.
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| President elect, Muhammadu Buhari, addressing his supporters in his house at Daura Katsina State on Monday. |
Insight into the style of governance and management of the economy
by the All Progressives Congress (APC) President-elect, General Muhammadu Buhari, has continued to emerge.
According to emerging
facts, Buhari will seek to fulfill his election promises of improving
security and employment by pursuing an all-out offensive against
corruption in public life.
There are also plans to fully implement the Steve Oronsaye Report in a bid to reduce expenses and run a lean economy.
These facts, among others, emerged from ex-governor of Ekiti State and
Director of Policy for the All Progressives Congress (APC), Kayode
Fayemi.
According to Fayemi who spoke at the Lagos Business
School (LBS) breakfast at the weekend, the new cabinet would be
announced within one week of inauguration.
This is in line with the party’s desire to hit the ground running.
However, there will be no real action until around October, partly
because the 2015 budget is being run by the present administration and
may be fully approved in before this month end.
Regardless, in
pursuance of Buhari’s zero-tolerance for corruption, the new cabinet is
expected to be peopled by Nigerians seen to have lived above board.
In addition, the new All Progressives Congress (APC) government, plans
to merge and strengthen anti-graft bodies, while giving it full
independence to operate, so as to adequately police members of the APC.
Continuing, Fayemi told his listeners that the president-elect will
rely on his deputy, Prof. Yemi Osinbajo, who has a track record of
judiciary reform to instigate the judiciary along desired lines.
On the economic front, the new administration may deregulate, regionalise and privatise transmission of electricity in order to break down centralised transmission.
It may further address issues of
gas supply to electricity generation companies (GENCO) but the new
government believes that distribution companies (DISCOs) are the biggest
bottlenecks presently. The government plan to add-on 4,000 megawatts of
power every year and expect that the output will be a minimum of
12,000MW at the end of term of this mandate.
Curiously, the new
administration is targeting N3 trillion savings by plugging leakages in
the economy, just as it would rely on free market economy and private
sector led employment drive.
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