By Ayo Akinfe
As President Tinubu celebrates one year in office, here are 10 things he has to do over the next 12 months to reduce Nigerian production cost.
[1] Unveil a nationwide rail haulage network. You cannot run a modern economy moving all your goods by road. Trailers are also very accident-prone
[2] Peg lending rates for industrial purposes at 5% maximum
[3] Create a special industrial wing of the EFCC to combat corruption in business and industry
[4] Enter into a training programme with an industrialised country to train Nigerian civil servants and private sector operator staff. Customer service is something we need to engrain in public life
[5] Generate and distribute about 10,000MW of “industrial power.” This should be electricity strictly for manufacturing and industrial purposes
[6] Launch a national civics programme to combat our notorious get-rich-now culture, which fuels short-term greed
[7] Sort out security matters. It maybe that regional specialist security outfits need to be formed to protect industrial facilities and their staff
[8] Step up the opening of more refineries in a bid to bring the cost of petrol and diesel down. Try and half it from the current high
[9] Get state governors to start taking their responsibilities seriously. They should be the main drivers of the economy. Personally, I would get the National Assembly to set each state industrial targets
[10] Enter into s technology transfer agreement with about 50 blue chip companies in exchange for granting them access to the Nigerian market. We have to drastically increase our unit per head output
