“The Federal government as regulator and operator, and price fixer is a broken model and one that we fully intend to fix if elected”, Asiwaju Bola Ahmed Tinubu said today during his Chatham House appearance.
“We have privatised power distribution in Nigeria and generation to a certain degree. What we need to do, going forward, is to improve the enabling environment and further reform the legal and regulatory framework to attract more private investments in the sector as we have experienced in the telecom industry.
“My belief that the private sector is the fulcrum of economic progress is evident and documented. However, fundamental flaws with the basic design of our national economy imperil the private sector from playing the role it ought to and adding the value it is capable of. In this instance, the government must act as a catalyst.
“We shall do this on all fronts. We will address the conflict between monetary and fiscal policies. Budgeting will be based on the projected spending levels needed to push real annual growth rate above 7 per cent while reducing the unemployment rate so that we can double the economy in ten years”.
