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Full Text: Tinubu’s Speech At KadInvest 7.0

SPEECH BY APC PRESIDENTIAL CANDIDATE ASIWAJU BOLA AHMED TINUBU ON SATURDAY 15TH OCTOBER 2022 AT KADINVEST 7.0:
‘BUILDING A RESILENT ECONOMY’

Your Excellency, the Governor of Kaduna State, Malam Nasiru Ahmad El-Rufa’i.
Your Excellency, the Deputy Governor, Dr Hadiza Sabuwa Balarabe.
The Right Honorable Speaker Zailani.
Your Eminence, Sultan Muhammad Sa’ad Abubakar, Sarkin Musulumi.
Your Eminence, Khalifa Sanusi II.
Your Excellencies, members of the diplomatic corps, development partners, distinguished ladies and gentlemen.
It is a great honour for me to be invited to give a speech on this occasion and it was a great pleasure listening to Governor Nasir El-Rufa’i as he shared with us the vision of how Kaduna State will attract and sustain investments.

I would like to congratulate Kaduna State on this special occasion of the 7th edition of Kaduna Economic and Investment Summit (KadInvest 7.0). The theme for this year – Building a Resilient Economy – is very timely and appropriate. In a period of uncertainty in the global economy, it is important that we pursue a path of economic independence and insulation from global headwinds.

I am particularly happy to be in an economic summit such as this. It reminds me of when we initiated Ehingbeti Lagos Economic Summit more than 20 years ago in Lagos State. Through the summit, Lagos State has been able to deliver landmark developmental projects in power generation, critical road infrastructure, street lightning, and clean energy initiatives, amongst others.

Therefore, I am sure that under the able leadership of Your Excellency, Governor Nasir Ahmad El-Rufa’I, the leadership of the KADIPA, and subsequent administrations, Kaduna State will successfully collaborate with the private sector to usher in the investments in the priority sectors of technology, agriculture, manufacturing, infrastructure and solid minerals. These investments will in turn drive rapid economic growth and prosperity, providing jobs and opportunities for the good people of Kaduna State.

A vibrant private sector is a prerequisite for a functional state, playing a critical role in the mobilisation of capital, expertise and innovation for the creation of economic opportunities and employment. This is why it is important for the government to give maximum support and incentives to the private sector.

In this light, President Muhammadu Buhari’s administration introduced a number of measures targeted at promoting private enterprises and businesses including the Repeal and Re-Enactment of the Companies & Allied Matters Act (CAMA), 2020, the passage of the Finance Act 2021, as well as the implementation of over 100 initiatives to improve ease of doing business in Nigeria.

My desire is that the next administration, under my leadership, will continue to drive forward and accelerate on the progress made thus far, taking bold steps and initiatives to encourage investments in new areas typically considered risky, and leading the way by providing the enabling environment to nurture our innate entrepreneurial spirit.

It is essential that our nation continues to champion the rule of law and sanctity of contracts, for these are the pre- requisites for creating a business-friendly economic environment.

Whilst there must be active engagement between all the arms of government for the rule of law to prevail, it is critical for the judiciary to retain its autonomy and independence.

Therefore, under my stewardship, the federal government will build on the efforts of the current administration to review, amend and/or enact the relevant laws that will engender the rule of law.

My administration would ensure that the judiciary has true financial and administrative autonomy and strong disciplinary and integrity monitoring mechanisms.

Government must also continue to prioritise the restoration of peace and security across all our territories.

We will be committed to introducing cross-sector initiatives that will address the economic and social constraints that prevent people from advancing or opting for crime.

Under my leadership, the government will place great emphasis on the use of a counter-insurgency doctrine and strategy by our military. We will continue to train and equip our gallant forces and security personnel with the resources, gear, and equipment that they need to hasten our inevitable march to resounding victory against enemies of our great nation. Where necessary, we will recruit and train more personnel to bridge any gaps in manpower.

Furthermore, my administration will prioritise the use of superior aerial technology to deter criminal and terrorist activities, as well as to monitor and protect our critical national infrastructure including our network of pipelines, our power stations, our transmission and distribution networks, our sea and airports, our rail networks and other vital infrastructure.

I will marshal a team of the most talented of Nigerians – men, women and youths – no matter their tribe and affiliations, to reset our nation on a path to achieve double-digit economic growth within a couple of years. We will do this through a coordinated set of policies in key sectors.

We will champion an efficient government that will eliminate revenue and expense leakages across all federal government areas, leveraging technology, which will be increasingly embedded into government operations.

In oil & gas, we will prioritise gas distribution and availability to power our industries.

In agriculture, we will provide incentives for investments, machinery and equipment, expand and empower commodity boards, enhance our strategic grains reserves, encourage the formation of farm cooperatives and expand the scope and depth of access to finance for our farmers.

In housing, we will introduce policies that will make it easier to transfer title and carry out transactions on landed properties. We will work with the private sector to significantly expand mortgage financing and we will provide credits and incentives to encourage real estate developers.

We will collaborate with key technology partners to develop policies that promote the use and integration of technology across other sectors within the nation. We will work to accelerate the work that is being done with the private sector to train our youth and promote innovation through sponsored incubator hubs and science technology parks.

The afore-mentioned plans are part of my vision for a Nigeria that works for all: a safe Nigeria, where citizens cherish the values of hard work, courage and industry.

A Nigeria where the government champions the provision of social safety nets for our young, poor and elderly, while providing sufficient incentives for the private sector to drive the investments that will pave way for prosperity in the years to come.

The opportunity to serve and lead my countrymen and women is one I do not take lightly. It is a trust that I promise to keep and uphold with fervour and utmost diligence.

Let us all join hands to work together to achieve our collective vision of building the Nigeria of our dreams.

Thank you and God bless.

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