Economy Will Improve With Better Management – Olawepo-Hashim

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  • Economy Will Improve With Better Management – Olawepo-Hashim

Presidential Candidate of Peoples Trust, Mr Gbenga Olawepo-Hashim, has said Nigeria’s current economic woes can be traced to the poor management strategy employed by the President Muhammadu Buhari-led All Progressives Congress administration.

He expressed regret that the administration’s poor run had resulted in the current situation where 88 million Nigerians now lived in extreme poverty with oil price currently at its highest level over the last two to three years.

Olawepo-Hashim said this in a recent interview with journalists in Abuja.

According to him, Nigerians are now poorer because the APC-led administration has demonstrated a lack of capacity to deal with the nation’s problems.

He said “Nigerians are getting poorer because of the woeful economic management strategy or lack of strategy of the APC government, and “even though Nigeria was not a prosperous economy when President Buhari took over, Nigerian economy has now gone from bad to worse.”

“The recent revelation by the Brooklyn Institute that 88 million Nigerians now live under acute poverty is disappointing, especially that additional one million Nigerians moved into the poverty bracket within the last four months.”

The energy executive noted that the data from youth unemployment and job loses looked like the APC had a covenant with poverty and misery.

“There is no reason for this when oil price is high,” he averred.

He vowed to cut down acute poverty by half in the country, within five years of his election as president and commander-in-chief, and then set the nation’s economy on the path of modernisation and all-round development.

Olawepo-Hashim also said, “Our new Nigerian Economic Development Plan will create $4tn GDP in 10 years by the grace of God. We target to net five per cent of global infrastructure funds in 10 years by removing obstacles to investments and rapidly increase the ease of doing business in Nigeria.

“We will promote an innovative economy by protecting proprietary rights of innovators and the sanctity of agreement. We will integrate agriculture, solid mineral sector with industries and increase manufacturing share of the GDP to 40 per cent and then tackle unemployment through industry-based jobs.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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