Fela Durotoye

Fela Durotoye

Fela Durotoye, Presidential Candidate of Alliance for New Nigeria (ANN)

Profile:

Fela Durotoye was born 12 May, 1971 (age 47) in Ibadan, Oyo State. He is a business consultant and the president of the GEMSTONE Nation Builders Foundation. Fela attended Moremi High School, Ile-Ife (1981–1986). He proceeded to earn his Bachelor of Science Degree in Computer Science with Economics, as well as a Master’s degree in Business Administration (M.B.A) at Obafemi Awolowo University, Ile-Ife. He is an alumnus of John F. Kennedy School of Government Executive Education program. Fela’s professional career began in 1992 as a Project Finance Analyst in Ventures and Trusts Limited. He later joined Phillips Consulting Limited (PCL) in 1998 where he rose to head the Customer Service Group. He founded V.I.P Consulting Limited in 2012. Fela is presently the Chairman of the Board of Directors of some companies which include House of Tara International and Homebase Mortgage Bank Limited.

Social Contract: Reduced Cost of Living

  • Reduce inflation from double digit to single digit.
  • Guarantee a minimum of 5% GDP growth rate per annum.
  • Launch 36 agriculture hubs across Nigeria, one per state, and simplify land lease processes such that potential farmers can access arable land in less than 30days.
  • Create Minister of State for Aviation, Marine, Rail and Road.
  • Reduce pump price of refined products and engage NLC on proposed minimum wage to reflect the current economic realities of Nigerians.

Education Sector

  • Rehabilitation of 9 million Almajiri Children and the transformation of Islamic schools into full mainstream education and Islamic centers.
  • Increase the literacy rate by 90% in 4 years.
  • Increase funding and partnership so that government expenditure on education is not less than 5% of GDP starting from the 2020 budget.
  • Free Education for Primary and Secondary students in Public Schools.

Infrastructure

  • Rehabilitate and upgrade 3 International Airports – Lagos, Abuja and Port-Harcourt.
  • Provide support for the commencement in phases of light rail metro-lines within all the States in the Federation.
  • Put infrastructure in place for at least 1 additional sea port.

Economy

  • Attain 5% annual GDP growth rate by 2020 and year on year.
  • Diversify the economy – agriculture, mining, technology, tourism – by decentralizing national resources to allow states generate more revenue.
  • Promote non-oil sector growth by providing legal and fiscal incentives in agriculture, mines and steel, manufacturing and the services industry.
  • Reduce Personal Income Tax (PIT) by few points, and reduce the rate of Company Income Tax (CIT) from 30% to 20%.

Law Enforcement and Judicial System

  • Emerge the least corrupt country in Africa by 2023.
  • Implement a comprehensive Police reform providing support for State and community policing.
  • Automate the Court systems to ensure zero tolerance for inefficiency.

Security Sector

  • Exit Nigeria from the Global Terrorism List and ensure that Nigeria moves from number 3 to the bottom of the list within 4 years of government.
  • Degrade, dismantle and defeat the Boko Haram insurgency completely and ensure that all IDPs return to their homes.
  • Create one Military Equipment Manufacturing Plant

Healthcare Sector

  • One working Federal Health Care facility in each of the 774 Local Government Areas
  • Increase Doctor to population ratio from 4:10,000 to 15:1000.
  • Improve average life expectancy from 53 to 60 years (Operation Healthy Nigeria).
  • Increase government expenditure from 0.9% of GDP to a minimum of 5% of GDP
  • Ensure access to primary health care for all.
  • Mandatory universal health insurance for every

Business and Industries

  • Increase Investors’ confidence index to 40 points within 4 years.
  • Improve FDI to 3 billion dollars.
  • Drop unemployment rate to 5%.
  • Put in place Special Economic Zones (SEZs), Investment Promotion Agencies (IPAs), creation of Export Credit Agencies (ECAs), as well as Export Promotion Agencies (EPAs) across each geo-political zone.
  • Establish 30 industrial zones pan-Nigeria to encourage small scale processing and manufacturing.

Jobs

  • Create 3 million jobs every year so that in 4 years, 12 million jobs has been created.
  • Reduce unemployment rate to less than 10%.
  • Create a National Jobs Database.
  • Establish vocational and technical skills acquisition training centers across each of the 6 geo-political zones.