Why I can’t implement Lagos’ transformation agenda across the country – Tinubu

It will be challenging to replicate Bola Tinubu’s transformative agenda outside of Lagos due to the complexity of Nigeria, according to the APC’s presidential candidate.

The former governor of Lagos State also declared that he would consent to power devolution in order to guarantee the efficient operation of the executive branch.

This was stated by Tinubu in an editorial that he posted in The Economist on Wednesday.

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“We cannot simply replicate Lagos’ transformation nationwide. Nigeria is complex and variegated. Recognising the strengths of each section of the country and providing the foundations on which they can all thrive is the path to economic growth. I know what can be achieved when the Federal Government allows adequate space for regional differences, so I want to devolve more powers to the states. They should have greater authority to provide services and infrastructure projects, as well as more control over law enforcement,” Tinubu stated, while recounting his achievements as a two-term governor of Lagos.
In his additional remarks, Tinubu claimed that the nation’s over-dependence on oil had hampered its development.
The development of Nigeria has been distorted by an overreliance on oil. A nation with a population of over 200 million people cannot base its economic growth on a single good. Given that Nigeria is already the top African country for startup funding, he said, we must concentrate on industrialization and technological innovation.

The APC candidate also reiterated his support for ending fuel subsidies, calling them “harmful.”
He continued, “We will eliminate the detrimental fuel subsidy, which is projected to have cost $7.5 billion in the first half of 2023. The money will be used more effectively in joint ventures with the private sector to invest in infrastructure, healthcare, education, and agriculture while also creating jobs.

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“The ratio of taxes to GDP in Nigeria is among the lowest in the world. Instead of raising rates, we should revamp the system and use information technology to increase efficiency in order to improve compliance. The social contract will be strengthened and federal revenues will be placed on a more sustainable footing when coupled with efficient public service delivery and infrastructure development.