2015: AD Presidential Candidate Pledges To Create 2m Jobs If Elected

The presidential candidate of the Alliance for
Democracy, Dr Rafiu Salau, on Saturday pledged to
create two million jobs if elected into office in next
month’s election.
Salau made the pledge while unfolding his manifesto in
an interview with the News Agency of Nigeria (NAN) in
Abuja.
To attain such a feat, Salau said his administration
would ensure more local content involvement in the
exploration and sale of crude oil as well as shipment by
local maritime companies.
He said: “First, a minimum of 70 per cent of the
exploration of the crude oil in the nation must be done
by local companies.
“Whatever the profit made by local companies will be
invested in the economy of the nation. This will go a
long way in increasing the revenue that will be
generated in the industry.
“Secondly, at least 70 per cent of the shipment of the
crude oil shall be assigned to local maritime
companies.
“Thirdly, 100 per cent of the oil products used locally
shall be refined by local refineries, meaning 50 per cent
of refined products will be enough for local
consumption while 50 per cent will be for exportation to
countries without oil or refineries”.
According to him, this strategy will create two million
jobs and increase oil revenue.
Salau said the national revenue being spent on the
importation of oil products and subsidy would no longer
be spent on consumption, but invested on capital
goods.
“This will generate more national revenue for decades
while the increase in national revenue from the
investment of the crude oil income will take the nation
to the path of G20.
“Nigeria will have 200 billion dollars in foreign reserve
before the end of my term in office”, he said. (NAN)