Atiku Abubakar, Presidential Candidate of Nigeria, Speaks at Hult International Business School
By Hult International Business School, PRNEWednesday, December 1, 2010
LONDON, December 2, 2010 - Atiku Abubakar, presidential candidate of Nigeria, addressed students,
industry leaders, and the press on the topic of "Emerging Markets Post 2008."
The consensus candidate of the Peoples Democratic Party (PDP) has promised to
lower corporate tax from the current high of 30 percent to a mere 10 percent.
The former Vice President of Nigeria attested that his administration
would create a solid foundation for Nigeria to become resistant to future
crisis. Mr. Abubakar declared that he "would seek to deepen regional
integration and diversify national economies to be globally competitive."
As part of his plan to strengthen Nigeria's economy, Mr. Abubakar will
focus on creating an environment for international private capital to flow,
and remain in Nigeria. Specifically, he said, "we want to make Nigeria a
preferred location for FDI in the world. Nigeria along with Africa can
provide some of the highest rates of return on investment and we must exploit
this." Mr. Abubkar also affirmed that the customs clearance system would be
overhauled to turn around imports within 48 hours.
If elected in 2011, Abubakar aims to ensure double digit growth and the
creation of millions of jobs. He aspires to make "Nigeria Africa's financial
hub," and stresses that if Nigeria does not survive economically then
sub-Saharan Africa will not survive.
"We are pleased to welcome high-caliber political figures to our campuses
to share their perspectives of the world economy with our students," said Dr.
Stephen Hodges, President of Hult.
Additionally, Mr. Abubakar promised that Nigeria would actively work with
other emerging markets in order to accelerate the acceptance of reforms
targeted at the financial and monetary systems. He acknowledged that at the
moment there is a "lack of political will to make progress," and he believes
that only a globally coordinated organization could inhibit future crisis.
About Hult International Business School:
Hult International Business School (formerly known as the Arthur D.
Little School of Management) is the first global business school with
campuses in Boston, San Francisco, London, Dubai, and Shanghai. The School
offers a range of business-focused programs including MBA, Master and
Undergraduate degrees. Hult's one-year MBA program is ranked in the top 30 in
the world by The Economist and amongst the top 100 by the Financial
Times.www.hult.edu
Media enquiries: carolin.bachmann at hult.edu or call +44(798)534-0179.
Tags: Africa, December 2, Hult International Business School, London, Nigeria, United Kingdom