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Atiku Abubakar, presidential candidate of Nigeria, speaks at Hult International Business School
The former Vice President of Nigeria attested that his administration would create a solid foundation for Nigeria to become resistant to future crisis. Mr. Abubakar declared that he "would seek to deepen regional integration and diversify national economies to be globally competitive."
As part of his plan to strengthen Nigeria's economy, Mr. Abubakar will focus on creating an environment for international private capital to flow, and remain in Nigeria. Specifically, he said, "we want to make Nigeria a preferred location for FDI in the world." "Nigeria along with Africa can provide some of the highest rates of return on investment and we must exploit this." Mr. Abubkar also affirmed that the customs clearance system would be overhauled to turn around imports within 48 hours.
If elected in 2011, Abubakar aims to ensure double digit growth and the creation of millions of jobs. He aspires to make "Nigeria Africa's financial hub," and stresses that if Nigeria does not survive economically then sub-Saharan Africa will not survive.
"We are pleased to welcome high caliber political figures to our campuses to share their perspectives of the world economy with our students," said Dr. Stephen Hodges, President of Hult.
Additionally, Mr. Abubakar promised that Nigeria would actively work with other emerging markets in order to accelerate the acceptance of reforms targeted at the financial and monetary systems. He acknowledged that at the moment there is a 'lack of political will to make progress,' and he believes that only a globally coordinated organization could inhibit future crisis.
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