Finance
Since economics growth as envisaged by the APC is a function of close partnership between the public and the private sector, the responsibility of government will be the creation of an enabling environment for the private sector to grow and flourish. APC will therefore take every step to remove from the path of growth and Agro-Industrial activities two well-known notorious obstacles which have stood in the way for nearly three decades.
These Two are:
i. INFRASTRUCTURE DEFICIT
ii. EXCESSIVE BANK INTEREST RATE
Under current circumstances, economic illusions have literally destroyed all growth in the real sector by their failure or refusal to acknowledge that the country will inevitably collapse under the current bank rate regime. The APC, while supporting private enterprises and free market economy will take every step to eradicate predatory capitalism. APC will therefore create at least five new development banks, staffed with well trained professionals in respective field as follows:
i. Bank for Construction and Infrastructure
ii. Bank for Education
iii. Bank for Commerce and Small Enterprises
iv. Bank for Health and Social Services v. Bank for Agriculture (Strengthened and Expanded)
The interest Rates of these Banks will not exceed a single digit. It is the cardinal belief of the APC that without these measures this country's economy will never grow and will ultimately collapse.
The operation of these Banks and the support they will lend to the strategic sectors of the economy mentioned above will provide the ultimate solution to Nigeria's economic quagmire. Through these, jobs will be created Millions of opportunities will be open and the winter of despair will turn into the summer of hope and prosperity.
Disclaimer: All information provided here were extracted or inferred from documents available to us. We do not ascertain the accuracy of any of the provided details. It is left to the candidate to claim the profile and properly update it as required
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