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Know Your Presidential Candidate (9)

Gbenga Olawepo-Hashim Age: 53 Years Party: People's Trust (PT)
Office: Presidency


Corruption is not good for any economy but corruption itself is a consequence of centralized system. Any system where you have monopoly offering one service or the other, there will be corruption. You can achieve more with good policy than dealing with corruption. People who want to fight corruption cannot at the same time be promoting centralized system, because centralized system by its nature encourages corruption. If every Nigerian businessman or woman has to go to a certain person in Abuja and have to wait three to four years for one person to sign document, before that thing or document can be passed, then there would be corruption in that sector.
We will deal with corruption in a more organized and informed way not as semi illiterates as is being currently done. We will not talk down on our people.

Federal Character + alleged marginalization of certain tribes 
We want a Nigeria that is not going to be driven on the basis of ethnicity or religious bigotry. We want a Nigeria where merit will determine a lot of things that will drive the values that society runs on.
The Nigeria of our dream is the Nigeria where any Nigerian can get up from anywhere and contest for public office and that was the beauty of Nigeria before. I was just talking about Sir. Kashim Ibrahim running election in Benue – a Borno man in a predominantly Christian State, a Muslim and he was elected into the Northern Assembly. You talk about Zik of Africa who was elected into the Western House of Assembly. I think what we have now is a complete degeneracy in our polity in this era. The founding fathers of our Republic were more progressive and more forward looking.

Crime is one outcome of poverty, and I would rather deal with the cause of a problem than concentrating on the symptom.
That level of poverty is worsened by the inability to afford basic meals. We have been in this kind of quagmire for ages, and it is time we found solutions to it.

There is no reason why states cannot have their local transmission grids in order to transmit power.
As a president, I can amend the exclusive legislative list to ensure that states can have some kind of concurrency on such things via an executive bill. I can do that within 90 days to 120 days.
Nigeria’s Electricity Sector Reform Act 2005 for instance, is one of the most advanced reform laws in the emerging markets. Yet, the bureaucratic civil service struggles everyday to return to reckoning keeping investors applications for permits and licenses unattended to for years. We must dismantle the unnecessary administrative red tape and multiple agencies’ interventions in administrative processes.
Dismantle the delay in licensing of IPPs and the signing of Power Purchase Agreement (PPA) through an executive guideline for the industry that defines Standard Operating Procedures for agencies and institutions. Processing license applications and signing of Power Purchase Agreements should not take more than 90-120 days.
Federal Government should make Sovereign Guarantee available to all PPAs that the Nigeria Bulk Electricity Trading Company (NBET) concludes and with the requisite 90-120 days LC to ensure bankability of such agreements.
Distribution companies and eligible customers, once licensed, should be able to sign PPA with the Generating Companies (GENCOs) and IPPs for the supply of Power without the undue meddlesomeness of the Nigeria Electricity Regulation Commission (NERC).
A cost-reflective and fair electricity tariff must be put in place that guarantees reasonable return on investment and satisfies the consumer that he/she has been fairly charged.

The quality of educational and health institutions must be upgraded through the recruitment of qualified professionals, training and retraining of existing hands making available needed equipment and infrastructure and improving productivity and output through a scientific audit system that ties reward and emoluments to performance.
Nigeria must quickly introduce a comprehensive program of accessible, cost-free and qualitative health service coverage for all Nigerians. Nigeria can afford these programs right now as we are already spending billions of naira managing the social upheavals that are caused by decades of ignoring the welfare of the people especially the young and the vulnerable.

Economy + Inclusive Growth 
The trend in which 80 per cent of revenue in the nation’s budget has been disproportionately consistently applied to recurrent expenditure; whilst capital expenditure takes the back seat at 20 per cent must be discounted. It must be the goal of public finance to allocate 50 per cent of revenue to capital expenditure.
There must be a complete change in the budgeting system from the current envelope system where annual budget are merely a repeat of the previous year’s sectoral allocation with variations, accounting for inflation. Budgeting must become needs based, driven by national economic priority, based on a new plan to build modern infrastructure, make the needed social investment for the country and industrialise Nigeria.
Ensure banking and financial sectors make capital available to the real sector of the economy.
We have a new Nigerian economy development programme to take Nigeria's GDP from $520 million... to a $4 trillion economy within 10 years. And it's going to be private sector driven by dismantling all the bottlenecks that will not allow investments into the country.
Interest rate must be kept at single digit between 6-8%.
The governor of the central bank must be somebody who aligns with the vision to restructure completely the Nigerian economy, to make it a productive economy.
Economic planners must prioritize massive investment in iron and steel, meteorology, machine tools, glass production and petrochemicals.

There is an urgent need to reform educational curricular with a desire to emphasize the acquisition of technical skills required for the development of infrastructure and industrialization of the country.
We must invest now to bridge the social divide by making primary and secondary education completely free of all cost with feeding and welfare support at primary school levels. This must be a federally financed program worked out with local authorities for effective implementation. Free education must be entirely free indeed without hidden cost such as examination fees and cost of uniforms.

● I know is that if Nigeria will survive as a productive country, we need to decentralise power. I don’t believe in going back to the regions. What we need to do is to ensure that states have control over the resources in their environment. For instance, in the United States of America, the states have their laws; if you don’t like the kind of decision in a state like Texas, you can relocate to another state. If we allow the states to have control of their resources, they will develop faster.

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