Former Vice-President Atiku Abubakar says if elected
president, his administration will operate a liberal economy and lower taxes
for small businesses.
Atiku, who formally declared his intention to run for the
2023 presidency on Wednesday, said business can only grow in a tax-friendly
environment.
“We will operate a liberal economy that allows small businesses
to grow through lower taxes for small businesses and low-income earners,” he
said
“We will encourage the expansion of the private sector to
spur economic growth.
“For our population
to have a positive impact, we must equip our people with modern competitive
skills and provide the right environment for them to thrive.”
On the state of unemployment in the country, the former
vice-president said he has the experience to create more jobs.
He said: “More than 100 million Nigerians are either
unemployed, underemployed, or unemployable. How could our ever-increasing
population be of added value if we do not create opportunities for our people?
“I know how to create
jobs. I built several successful businesses and companies within Nigeria, and
as a result of which thousands of people are gainfully employed.
“If I can manage my businesses well, I can manage the
Nigerian economy well.”
According to Atiku, all the macro-economic indicators are
not favourable under the All Progressives Congress (APC) administration.
“APC inherited single-digit inflation; they now increased it
to about 16 percent. When APC came into power, unemployment was around 9
percent; now, unemployment is more than 33 percent,” he said.
“The exchange rate
was N197 to a dollar in 2015, but in the hand of APC, naira suffered the worst
devaluation ever. As we speak, the exchange rate is more than N400 to a dollar,
the official rate.”
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