Insight into the style of governance and management of the economy by the All Progressives Congress (APC) President-elect, General Muhammadu Buhari, has continued to emerge.
According to emerging facts, Buhari will seek to fulfill his election promises of improving security and employment by pursuing an all-out offensive against corruption in public life.
There are also plans to fully implement the Steve Oronsaye Report in a bid to reduce expenses and run a lean economy.
These facts, among others, emerged from ex-governor of Ekiti State and Director of Policy for the All Progressives Congress (APC), Kayode Fayemi.
According to Fayemi who spoke at the Lagos Business School (LBS) breakfast at the weekend, the new cabinet would be announced within one week of inauguration.
This is in line with the party’s desire to hit the ground running.
However, there will be no real action until around October, partly because the 2015 budget is being run by the present administration and may be fully approved in before this month end.
Regardless, in pursuance of Buhari’s zero-tolerance for corruption, the new cabinet is expected to be peopled by Nigerians seen to have lived above board.
In addition, the new All Progressives Congress (APC) government, plans to merge and strengthen anti-graft bodies, while giving it full independence to operate, so as to adequately police members of the APC.
Continuing, Fayemi told his listeners that the president-elect will rely on his deputy, Prof. Yemi Osinbajo, who has a track record of judiciary reform to instigate the judiciary along desired lines.
On the economic front, the new administration may deregulate, regionalise and privatise transmission of electricity in order to break down centralised transmission.
It may further address issues of gas supply to electricity generation companies (GENCO) but the new government believes that distribution companies (DISCOs) are the biggest bottlenecks presently. The government plan to add-on 4,000 megawatts of power every year and expect that the output will be a minimum of 12,000MW at the end of term of this mandate.
Curiously, the new administration is targeting N3 trillion savings by plugging leakages in the economy, just as it would rely on free market economy and private sector led employment drive.