Presidential Candidate of the Social Democratic Party, SDP, For the 2023 election, Prince Adewole Adebayo said Nigerians should not be worried about the evidence of failure by the President Muhammadu Buhari administration that hired an unimaginative team to head the Central Bank of Nigeria and create debts instead of managing the economy.
According to report in the Tribune he does not see liability in Nigeria as he prepares to activate the various assets of the nation to turn around the grim situation to one, of international envy.
He said that conversion of the land assets to various agricultural production would also harvest more taxable revenue to boost and address critical needs of the economy.
His words I knew these problems before I declared to run. In fact if these problems were not there, I would not have taken interest to run.
“When you have a debt profile that is put at N77 trillion, you are looking at the death side, what about the asset side?
“I mean everything, all other things, solid minerals and all other assets. so the debt is so small when compared to the assets that we have. So, what I will do is, looking at structure of our debt
We will retire the debts within three budget, the debt will be insignificant and the people will get employment, if I get 30 million jobs added to the workforce. The taxation on pay as you earn alone, will wipe this debt off.
“I don’t worry about that. It is not the load that kills but how you carry it, so, these debts represent a deficits of imagination. A deficit of creativity, a deficit of competence. Why I said so is not because I am in the mood to insult anybody
“Secondly, they are tardy in administration and supervision as the result? So many leakages even within the one they captured.
“Thirdly, they have collected campaign funding and other support from those who are benefiting from leakages and blind spots?
“So in other to keep their friends happy with them the their political structures, they have created no-go areas, as a result of that, they are not able to capture enough revenue.