People’s Democratic Party (PDP) presidential candidate Atiku Abubakar has pledged to consider forming a national unity government if elected next year.

He said this will bring the temperature down, unite Nigerians and pave the way for improved security.

In a statement issued Tuesday in Kano, he also explained that such a government will. Improved safety enables investment and thus an improved economy.

He said: “Also is the consideration of a government of national unity that will quench the temperature, unite Nigerians and pave the way for improved security. Better security leads to investments and thus to a better economy.

“Also targeted tax cuts to attract foreign and local investment, among other proactive measures to attract investment to help the economy grow.”

The former vice president of Nigeria kicked the current government’s tendency to borrow money, saying: “We need to bake a bigger pie and not get bigger debts.”

Recalling that the National Bureau of Statistics released GDP figures for the second quarter of 2022 last week, he said the government was unreasonably optimistic about the reported growth rate of 3.4%.

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The presidential candidate stated: “The obvious truth is that the economy is in deeper trouble than the APC-led government is willing to admit.

“The level of citizens’ misery has not changed, and the reasons are obvious: First, the major sectors of the economy, especially agriculture, oil and gas (the country’s cash cow) and manufacturing (which contributes to jobs), either growing or declining slowly.

“Second, unabated rising commodity prices, caused by high energy and transportation costs (and exacerbated by the turmoil in the forex market).

“Also, debt levels continue to rise, while the fiscal capacity to service the debt is declining. All this is enough to negate the perceived benefits of production growth.

“Now that we’re out of ideas, our unprecedented debt load seems to be fueling the government’s hunger for more debt. This is a recipe for macroeconomic instability.

“We challenge the National Bureau of Statistics to share with the public their recent statistics on poverty, unemployment and commodity prices – the reality of which leaves no hope for the common man.

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“As I’ve said before, increasing debt will never solve our debt burden. My government, if elected, will halt the pace of debt accumulation and instead focus on private-public partnerships in financing development.”


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