Report-on-the-Sixteenth-Nigerian-Economic-Summit-2010

Addressing infrastructural gaps and building institutional capacities;
Expansion of health care coverage for the poor through the National
Health Insurance Scheme (a key priority);
Strengthening disease control and preventive health care;
Maintenance and upgrading of facilities at primary and tertiary
healthcare institutions;
Strengthening inspectorate service;
Overhauling education curricula;
Deepening school sports;
Enhancing private sector participation in sports development;
Enhancing industrial peace and harmony and improving labour
productivity;
Skill development and upgrading;
Development of youth centres; and,
Creating new jobs and opportunities.
Dr. Usman further informed participants that a total investment of N32 trillion
was required during the first NIP period, distributed as follows: FGN: N10
trillion, State & LGA: N9 trillion, and Private Sector: N13trillion. He also
stated that the sources of funding the investment included the Federal
Government, States and LGAs, issuance of FGN bonds, Development
Partners, Private Sector, International Financial Institutions, Reprioritizing
expenditure and Enhancing revenue.
On enhancing revenue collection, the following measures had been identified:
Audit of oil revenue remittances and financial activities of NNPC;
Implementation of the Petroleum Industry Bill;
Audit of non-oil revenue including IGR remittances, and closer
oversight of use of IGR;
Ongoing enhanced drive by FIRS to improve tax collection, including
implementation of the National Tax Policy;
Ongoing review of tariffs;
Correct pricing for petroleum products, power, gas etc;
Need to take tough decisions.
On the critical role of the legislature towards achieving Vision 20:2020, he
said that the legislature would have to:
Nigerian Economic Summit 37