1. A STABLE ECONOMY FOR CONVERGENCE AND FULL EMPLOYMENT
- We will consolidate the Budget Stability Law as an essential framework for the maintenance of sound public finances. This implies all the States, and the local entities. In this sense, we will take
its full regulatory development.
- The Governments of the Young Nigerians Party (YNP) will place the weight of the public sector below 40% of GDP. We are committed to maintaining this limit, as a guarantee of a dynamic economy and
competitive
- We will establish coordination mechanisms with all the States and Local Corporations, expanding the content of the Fiscal and Financial Policy Council Agreement of 2019 for effective budgetary stability.
- We propose that an Annual Report on budgetary stability of each of the States, Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, OyoI, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara, and FCT Abuja, to be prepared within the Fiscal and Financial Policy Council for subsequent referral to the Senate. This report will be made public through Internet.
- We will develop the Reserve Fund Law, increasing this continuously. Parliament will be informed every six months of its management and policy
investments. These reports will also be made public through the Internet.
- Efficiency, efficiency and transparency will be the axes of public expenditure management. To do this, we will develop the new General Budgetary Law and the General Subsidies Law, consolidating a very demanding system in control.
- We will carry out a budgetary programming for quantifiable objectives that allow us to evaluate the quantity and quality of the
public services provided to the citizen.
- We will introduce economic evaluation systems, not only budget, investments and expenses that measure the cost-benefit and
the cost-effectiveness of them. Before spending, we have to evaluate the different alternatives.
- We will improve the transparency of Public Accounts, establishing
a calendar of statistical publications, according to standards
international.
2. A LABOR FRAMEWORK THAT PROMOTES FULL EMPLOYMENT
- We will improve, with a broad and open social dialogue, a labor framework that promotes full employment and encourages stable hiring, reducing time.
- In the framework of social dialogue, we will support a structure of
collective bargaining to order and structure the working conditions to the uniqueness and circumstances of companies and sectors.
- We will promote stable contracting, making contracts
permanent the most attractive option for companies.
- We will reinforce the active employment policies, to ensure greater geographical and functional mobility, and in particular to favor the
labor insertion of women, young people without experience, people
with disability and singularly the long-term unemployed.
- We will promote training throughout the entire working life and vocational training for employment.
3. A TAX SYSTEM THAT INCENTIVES WORK, SAVINGS
AND FAVOR THE FAMILY
We will undertake a new reduction of taxes.
We will carry out a third reduction, which will have three axes: a general decrease in rates, a substantial increase in
family aids and deductions and the incentive of saving, introducing exempt minimums,
We will increase the amount of aid to mothers
workers with children under three years of age.
We will promote the modernization of the Patrimony Tax and an update of other tax figures such as the Patrimonial Transfer Tax.
We will make more transparent the state and autonomic tax burden in the declarations, as a reflection of the greater fiscal responsibility.
4. WE WILL DEVELOP THE COVENANT OF 36 STATES
- We will implement the recommendations approved in the recent revision of all the 36 States, referring to the separation of sources of
financing, to the greater contributivity of the system, to the incentives to extend working life and to eliminate discrimination age in companies or excessive recourse to retirements
anticipated.
5. A MORE FREE, TRANSPARENT AND EFFICIENT REGULATORY FRAMEWORK
- Greater competition and deepening liberalization
of the markets for goods and services is a priority of the Young Nigerians Party(YNP), as a fundamental element to guarantee the creation of
employment and the welfare of consumers.
- We will situate the levels of good governance, transparency, accounting practices and auditing function of Nigerian companies at the best of the Economic Community of West African States (ECOWAS). In particular, we will develop the Code of Good Corporate Governance, binding for companies listed on organized markets and optional for any other.
- We will promote the adoption of these Codes by all those entities that issue securities that are listed on organized markets or
that distribute financial or savings products.
- Additionally, we will approve a Code of Good Governance and Good Practices for companies, agencies and public entities,
that ensures the best levels of professionalism, transparency and efficiency in management.
- We will encourage the adoption by companies of Corporate Social Responsibility Codes, through the dissemination and exchange of good practices and experiences on a national and international scale.
- We will deepen in the independence, the professionalization and the
transparency of the Savings Banks and their social work.
- We will constitute a coordinating body for financial supervisors and capital markets, to better defend the interests of investors and savers. We will strengthen the capacities of supervisory entities and in particular of the National Securities Market Commission.
- We will promote a modification of the Antitrust Law to strengthen the functions of the Defense Court
of the Competition, which will assume the instruction of behavior files that the Defense Service of the
Competition. In addition, the Tribunal's analysis and recommendation functions will be strengthened.
- We will strengthen the coordination mechanisms of the regulators
sectors, such as the National Market Commission of the Telecommunications and the National Energy Commission, with the Court of Defense of Competition.
- We will strengthen the capacity of the National Commission of the Telecommunications Market and the National Commission of the
Energy as vigilantes of the transparent functioning of the markets, enhancing their inspection capacity.
- We will promote a commercial system in which all commercial modalities have a place for the benefit of the consumer.
Likewise, we will facilitate the modernization and development of small businesses.
- We will guarantee transparent, non-discriminatory and non-discriminatory access to essential services networks and infrastructures (telecommunications, energy, gas, electricity, postal, etc.), as a fundamental element to ensure competition.
- We will promote regulation of air, maritime, land and rail transport that facilitates the freedom of entry and transparent and non-discriminatory access to the network, as well as security for
the users.
- We will convert the National Consumer Institute into the central axis of consumer protection policy, integrating it with the policy economic.
- We will establish a National Insurance Registry, in which the interested parties can know, with absolute protection of the data
personal, the insurance policies of which they are beneficiaries.
6. INFRASTRUCTURES TO FACILITATE CONVERGENCE
- We will complete the transport infrastructure plan 2019-2025 and prepare a new plan with an execution horizon of 2026, maintaining an investment rate above the average of our community partners over the next four years.
7. SOLIDARITY AND TERRITORIAL FINANCING
- We will continue promoting the model of regional financing, approving with the unanimous support of all the 36 states, .Abia, Adamawa, Akwa Ibom, Anambra, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara, Lagos, Nasarawa, Niger, Ogun, Ondo, Osun, OyoI, Plateau, Rivers, Sokoto, Taraba, Yobe, Zamfara, and FCT Abuja. This model is based on solidarity and
co-responsibility and is the one that best adapts to the degree of decentralization we are going to achieve.
- With a horizontal nature, we will propose a new regulation of the Inter-territorial Compensation Fund, with an endowment reinforced, that allows the maintenance of an adequate effort
investor throughout the national territory, and in particular all the states with a lower level of development, favoring
so territorial cohesion.
8. A MORE OPEN ECONOMY IN AN EXPANDED AFRICA
- We will strengthen our active policy of internationalization of the
Nigerian company, and in particular the SME, using all the
instruments at our reach and in a very special way the Institute Nigeria
of Foreign Trade. This policy will have markets as priorities
without a sufficient presence of Nigerian companies, such as the new Member States of the Economic Community of West African States (ECOWAS), the European Union, the United States or Asia.
- We will strengthen the Development Assistance Fund, adding also the functions of technical assistance, feasibility studies and the promotion of foreign investments.
- We will improve the operation of the risk coverage system
to export, promoting greater involvement of the sector
private sector and expanding the coverage of risks on behalf of all the States.
- We will promote the Nigerian brand, which identifies our products
in the world and consolidated as a reference of quality and excellence in international markets. We will coordinate the external actions in different areas (commercial, tourist, cultural, agricultural, etc.) under this same name.
- We will create the Investing Agency in Nigeria to carry out promotion work in Nigeria as an attractive destination for companies from all over the world to settle and create
jobs in our country.
