AACS Fortnightly
(Mondays)
31st July 2023

From the Chairman’ Desk,

Review of Response to AACS’s Economic Agenda Setting

AACS in our policy analysis, writings and solutions to numerous economic issues across the last three years and specific aggregation on the 10th April 2023 https://lnkd.in/e5-AYRCN and https://lnkd.in/ewZFG7tW put forward the following economic policy position;

1. A Revenue Rejig – Ongoing
2. Fuel Subsidy Removal – ✅
**attend to vulnerable ones – Ongoing
3. Exchange Rate Alignment – ✅
4. Oil Theft – Ongoing
5. Infrastructure (Power) – Ongoing
6. Security – Ongoing

The underbelly of these are three issues:

a. Collective Political WILL by ALL
b. Transparency of Leadership
c. Courage to tell Citizens the Truth

AACS’ assessment of the administration’s attention to the economic agenda is positive and if we stay the course, the nation will be ‘On the Road to Recovery’. The government however must pay particular attention to the most vulnerable citizens and seek measures to cushion the short run tough effect of the policy positions.

**The proposed monthly palliative of ₦8,000 to most vulnerable families is currently under review by the administration. The transparency of the measure and adequacy is hazy. Although cash transfers are a form of relief for millions of homes, more integrated efforts as being canvassed by the govt will be required. For instance, transport subsidies like govt buses with fare caps and localised farm to market transport that gets food to the market cheaper and faster. Further, most of the relief efforts should be administered through the 774 local govt areas using population to drive it. As written in the past by AACS https://lnkd.in/ep_9ymjF and https://lnkd.in/emusZy62, real changes must begin at micro levels rather than the center or state capitals.

Falil Ayo Abina

LinkedIn: https://www.linkedin.com/posts/aacs-ng_economy-revenue-oil-activity-7091661813829758976-i6WM?utm_source=share&utm_medium=member_desktop