Nigeria

Goodluck Jonathan sworn in


Published

President Goodluck Jonathan was sworn in for his first full term in office yesterday. In a relatively short speech he laid out a number of key policies he intends to pursue over the next four years. Below are extracts from his speech as published on the presidential website Nigeriafirst.org.

In reference to the religious division between the Muslim north and Christian south he said:

“Today, our unity is firm, and our purpose is strong. Our determination unshakable. Together, we will unite our nation and improve the living standards of all our peoples whether in the North or in the South; in the East or in the West. Our decade of development has begun.”

He went on to point out his key indicators for sustained growth and economic development:

“Nigeria is blessed with enormous natural wealth, and my Administration will continue to encourage locally owned enterprises to take advantage of our resources in growing the domestic economy. A robust private sector is vital to providing jobs for our rapidly expanding population. But this must be a collaborative effort.”

“We must form technical and financial partnerships with global businesses and organizations. We live in an age where no country can survive on its own; countries depend on each other for economic well-being. Nigeria is no different. Returns on investment in Nigeria remain among the highest in the world. We will continue to welcome sustainable investment in our economy.”

“To drive our overall economic vision, the power sector reform is at the heart of our industrialization strategy.”

“Over the next four years, attention will be focused on rebuilding our infrastructure. We will create greater access to quality education and improved health care delivery. We will pay special attention to the agricultural sector, to enable it play its role of ensuring food security and massive job creation for our people.”

“The creation of the Nigerian Sovereign Investment Authority will immensely contribute to strengthening our fiscal framework, by institutionalizing savings of our commodity-related revenues. With this mechanism in place, we will avoid the boom and bust cycles, and mitigate our exposure to oil price volatility.”

“The lesson we have learnt is that the resolution of
the Niger Delta issue is crucial for the health of the nation’s economy. In the interest of justice, equity and national unity, we shall actively promote the development of the region. I believe that peace is a necessary condition for development.”

The full speech can be found here.

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