Presidential Candidate Targets $4trn National Economic Growth

Presidential candidate targets $4trn national economic growth

The
Presidential Candidate for People’s Trust Party, Mr Gbenga
Olawepo-Hashim, has pledged to grow Nigeria’s economy from $510billion
(its highest in 2013) to 4trillion dollars in 10 years, if elected into
office.

The Presidential Aspirant disclosed this in an interview with newsmen in Abuja.

“We
want to grow the economy of Nigeria to become $4trillion in 10 years
and that will put us at par with Malaysia, Thailand, as middle income
economies and these were economies that Nigeria was ahead of in our
early independence. “We are not setting standards like we want to become
the United States of America; we just want to be where we were in 10
years, where we were in 1960. “A 510billion-dollar GDP as at 2013 when
we celebrated being the biggest economy in Africa is of course too small
for 200 million people as our projected population is now. “Nigeria
needs a 4trillion-dollar economy to become a middle income economy;
that’s our target and it’s doable and we have set up a strategy to
achieve this,’’ he said. He also proposed to effect a minimum wage of
N50,000 for workers, noting that the standard of living for Nigerian
workers was quite low. “I am going to have a N50,000 minimum wage and
that is lower than the minimum wage that Nigerian workers were awarded
in 1983 which was N125; at that time you needed 55 kobo for a dollar.

“So
basically, N125 minimum wage was more than N60,000 of today’s Nigeria;
so by the grace of God when elected, the minimum wage by the first
anniversary of our government will be N50,000 in Nigeria. “That is what I
believe is decent for an average worker; you can’t deal with corruption
when you underpay people,’’ he said. He said his government would
prioritise tourism, restructure the education system and expand income
through infrastructure funds, solid minerals, foreign investments, and
intellectual capital protection. He promised to promote knowledge-based
economy through effective copy right laws to ensure that innovators get
due reward for their work and protect Nigeria’s intellectual property.

Source:- Vanguardngr