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Economy

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The Economy

The Nigerian economy today is in bad shape, our industries are producing far below capacity or even completely closed down in some cases. We do not produce enough food, cash and raw materials for our local consumptions, exportation and to feed our industries. We heavily rely on oil with its prices fluctuating and therefore unreliable.

These are further compounded by inconsistencies and contradictory economic policies and measures, which by and large discourage both local and foreign investments. AA government will encourage every Nigerian to make the maximum use of the talent endowed upon him/her by nature. The economy shall be free, subject only to minimum intervention where the interest of the society so dictates.

In order to proffer solutions to these complex economic problems the AA Government will:

  1. Strongly introduce necessary measures to stabilize the Naira so as to enhance its purchasing power.
  2. Encourage Nigerians to cultivate the spirit of determination and hard work to revive our economy and be self-reliant.
  3. Harmonize our indigenous industries to compete favourably with those of advanced economy so as to discourage Nigerians who depend entirely on imported goods.

Longest companion of man and the oldest profession, the first human experience is related to agricultural pursuits. From gathering fruits to nurturing wild plants to planting and harvesting, man remains in active solidarity with his environment in search of the golds of agriculture.

Land itself which is basically an important phase of agriculture has all-round relevance to production. Land means virtually everything we use today. From it we get all the raw materials needed for manufacturing. From it we explore and exploit oil which is presently the main stay of the Nigerian economy.

Nothing in a car for instance, from the body, engine, type, etc that does not come from land. The clothes we wear, the water we drink are all from the land and land based, by extension agriculturally based. Significantly, about 80 percent of our population depends on agriculture, the largest employer of labour.

Presently, agriculture is the largest single contributor to the Gross Domestic Product (GDP), contributing between 38 – 40 percent but as important as the sector is to our national life, agricultural output has remained on the decline. The country’s GDP since the sixties has steadily declined from 80 percent to the region of 40 percent.

Painfully, no dynamic policies have been put in place to mechanize agriculture, encourage animal and fish farming to remains essential to our development efforts. The AA government will ensure the following:

  1. Cooperative Farming
  2. Availability of Fertilizer
  3. Livestock and Fish Farming
  4. Water Resources and Dams
  5. Mechanized Farming
  6. Forest Resources Utilization
  7. Availability of Improved Seeds and Seedlings
  8. Rural Development