“To save Ourselves, we need to save Buhari’s Government” – Former Vice President Atiku Abubakar

The former vice president and the flag bearer of People Democratic Party (PDP) in the recent general election says to help ourselves we need to help the current administration under president Muhammadu Buhari

Atiku said the current government are found of reading wrong meaning to ideals, advice and suggestion made in form of critics rather than bisects the issue with different perspective

He said this in a piece tagged “World’s Highest Unemployment Rate: Time To Help This Government Help Nigeria” where he linked the high rate of crime and insurgency ravaging the entire country to the unprecedented level of unemployment in Nigeria

He said

“I have never felt so bad at being proven right, as I am by the report from Bloomberg Business on Saturday, March 27, 2021 that Nigeria is to emerge as the nation with the highest unemployment rate on Earth, at just over 33%.

“We warned about this, but repeated warnings by myself and other patriots were scorned. And now this.

The former vice president laid emphasis on the deregulation policies made by his former principal, Olusegun Obasanjo

He said

“How did Nigeria get here? We got here by abandoning the people centred leadership and free trade and deregulatory policies of the Obasanjo years (which saw us maintain an almost single digit unemployment rate), and implementing discredit command and control policies that have led to massive capital flight from Nigeria

“And with the paucity of funds, we continue to ramp up government involvement in sectors that ought to be left to private sector, with the latest being the ill advised $1.5 billion so called rehabilitation of the Port Harcourt Refinery that has failed to turn a profit for years.

He further share some ways to address the challenges facing the nation where he made a case of privatization of the Porth Harcourt refinery instead of spend $1.5 billion on rehabilitation

“As a nation, we are better off privatising our refineries and the NNPC through the time-tested LNG model in which the FG owns 49% equity and the private sector 51%. Recall that in 20 years ending 2020, the NLNG had delivered $18.3 billion dividends to government irrespective of taxes and other benefit accruals to the country.

“This will not only free the government of needless sendings, but also clean up the infrastructure mess in the petroleum downstream sector. I say this because the fastest way to bring down a world record unemployment rate is via incentivised education. An educated citizenry are more employable and more self employable.

“Increased education has been scientifically linked with lower rates of crime and insecurity, along with lower infant and maternal mortality, and a higher lifetime income.”

He commended the federal government over the public works scheme but said the initiative must not be abused.

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