LONDON, December 3, 2010 /PRNewswire/ -- 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.http://www.hult.edu
SOURCE Hult International Business School