Keep Us Strong WikiLeaks logo

Currently released so far... 97115 / 251,287

Articles

Browse latest releases

Browse by creation date

Browse by origin

A B C D F G H I J K L M N O P Q R S T U V W Y Z

Browse by tag

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
ETRD EAGR ETTC EAID ECON EFIN ECIN EINV ELAB EAIR ENRG EPET EWWT ECPS EIND EMIN ELTN EC ETMIN EUC EZ ET ELECTIONS ENVR EU EUN EG EINT ER ECONOMICS ES EMS ENIV EEB EN ECE ECOSOC EK ENVIRONMENT EFIS EI EWT ENGRD ECPSN EXIM EIAD ERIN ECPC EDEV ENGY ECTRD EPA ESTH ECCT EINVECON ENGR ERTD EUR EAP EWWC ELTD EL EXIMOPIC EXTERNAL ETRDEC ESCAP ECO EGAD ELNT ECONOMIC ENV ETRN EIAR EUMEM ENRGPARMOTRASENVKGHGPGOVECONTSPLEAID EREL ECOM ECONETRDEAGRJA ETCC ETRG ECONOMY EMED ETR ENERG EITC EFINOECD EURM EENG ERA EXPORT ENRD ECONEINVETRDEFINELABETRDKTDBPGOVOPIC EGEN EBRD EVIN ETRAD ECOWAS EFTA ECONETRDBESPAR EGOVSY EPIN EID ECONENRG EDRC ESENV ETT EB ENER ELTNSNAR ECHEVARRIA ETRC EPIT EDUC ESA EFI ENRGY ESCI EE EAIDXMXAXBXFFR EETC ECIP EIAID EIVN EBEXP ESTN EING EGOV ETRA EPETEIND ELAN ETRDGK EAIDRW ETRDEINVECINPGOVCS EPEC ENVI ELN EAG EPCS EPRT EPTED ETRB EUM EAIDS EFIC EFINECONEAIDUNGAGM EAIDAR ESF EIDN ELAM EDU EV EAIDAF ECN EDA EXBS EINTECPS ENRGTRGYETRDBEXPBTIOSZ EPREL EAC EINVEFIN ETA EAGER EINDIR ECA ECLAC ELAP EITI EUCOM ECONEFINETRDPGOVEAGRPTERKTFNKCRMEAID EARG ELDIN EINVKSCA ENNP EFINECONCS EFINTS ECCP ETC EAIRASECCASCID EINN ETRP EAIDNI EFQ ECOQKPKO EGPHUM EBUD ECONEINVEFINPGOVIZ ENERGY ELB EINDETRD EMI ECONEFIN EIB EURN ETRDEINVTINTCS EIN EFIM ETIO ELAINE EMN EATO EWTR EIPR EINVETC ETTD ETDR EIQ ECONCS EPPD ENRGIZ EISL ESPINOSA ELEC EAIG ESLCO EUREM ENTG ERD EINVECONSENVCSJA EEPET EUNCH ECINECONCS ETRO ETRDECONWTOCS ECUN EFND EPECO EAIRECONRP ERGR ETRDPGOV ECPN ENRGMO EPWR EET EAIS EAGRE EDUARDO EAGRRP EAIDPHUMPRELUG EICN ECONQH EVN EGHG ELBR EINF EAIDHO EENV ETEX ERNG ED
KMDR KPAO KPKO KJUS KCRM KGHG KFRD KWMN KDEM KTFN KHIV KGIC KIDE KSCA KNNP KHUM KIPR KSUM KISL KIRF KCOR KRCM KPAL KWBG KN KS KOMC KSEP KFLU KPWR KTIA KSEO KMPI KHLS KICC KSTH KMCA KVPR KPRM KE KU KZ KFLO KSAF KTIP KTEX KBCT KOCI KOLY KOR KAWC KACT KUNR KTDB KSTC KLIG KSKN KNN KCFE KCIP KGHA KHDP KPOW KUNC KDRL KV KPREL KCRS KPOL KRVC KRIM KGIT KWIR KT KIRC KOMO KRFD KUWAIT KG KFIN KSCI KTFIN KFTN KGOV KPRV KSAC KGIV KCRIM KPIR KSOC KBIO KW KGLB KMWN KPO KFSC KSEAO KSTCPL KSI KPRP KREC KFPC KUNH KCSA KMRS KNDP KR KICCPUR KPPAO KCSY KTBT KCIS KNEP KFRDCVISCMGTCASCKOCIASECPHUMSMIGEG KNNB KGCC KINR KPOP KMFO KENV KNAR KVIR KDRG KDMR KFCE KNAO KDEN KGCN KICA KIMMITT KMCC KLFU KMSG KSEC KUM KCUL KMNP KSMT KCOM KOMCSG KSPR KPMI KRAD KIND KCRP KAUST KWAWC KTER KCHG KRDP KPAS KITA KTSC KPAOPREL KWGB KIRP KJUST KMIG KLAB KTFR KSEI KSTT KAPO KSTS KLSO KWNN KPOA KHSA KNPP KPAONZ KBTS KWWW KY KJRE KPAOKMDRKE KCRCM KSCS KWMNCI KESO KWUN KPLS KIIP KEDEM KPAOY KRIF KGICKS KREF KTRD KFRDSOCIRO KTAO KJU KWMNPHUMPRELKPAOZW KEN KO KNEI KEMR KKIV KEAI KWAC KRCIM KWCI KFIU KWIC KCORR KOMS KNNO KPAI KBWG KTTB KTBD KTIALG KILS KFEM KTDM KESS KNUC KPA KOMCCO KCEM KRCS KWBGSY KNPPIS KNNPMNUC KWN KERG KLTN KALM KCCP KSUMPHUM KREL KGH KLIP KTLA KAWK KWMM KVRP KVRC KAID KSLG KDEMK KX KIF KNPR KCFC KFTFN KTFM KPDD KCERS KMOC KDEMAF KMEPI KEMS KDRM KEPREL KBTR KEDU KNP KIRL KNNR KMPT KISLPINR KTPN KA KJUSTH KPIN KDEV KTDD KAKA KFRP KWNM KTSD KINL KJUSKUNR KWWMN KECF KWBC KPRO KVBL KOM KFRDKIRFCVISCMGTKOCIASECPHUMSMIGEG KEDM KFLD KLPM KRGY KNNF KICR KIFR KM KWMNCS KAWS KLAP KPAK KDDG KCGC KID KNSD KMPF KPFO KDP KCMR KRMS KNPT KNNNP KTIAPARM KDTB KNUP KPGOV KNAP KNNC KUK KSRE KREISLER KIVP KQ KTIAEUN KPALAOIS KRM KISLAO KWM KFLOA
PHUM PINR PTER PGOV PREL PREF PL PM PHSA PE PARM PINS PK PUNE PO PALESTINIAN PU PBTS PROP PTBS POL POLI PA PGOVZI POLMIL POLITICAL PARTIES POLM PD POLITICS POLICY PAS PMIL PINT PNAT PV PKO PPOL PERSONS PING PBIO PH PETR PARMS PRES PCON PETERS PRELBR PT PLAB PP PAK PDEM PKPA PSOCI PF PLO PTERM PJUS PSOE PELOSI PROPERTY PGOVPREL PARP PRL PNIR PHUMKPAL PG PREZ PGIC PBOV PAO PKK PROV PHSAK PHUMPREL PROTECTION PGOVBL PSI PRELPK PGOVENRG PUM PRELKPKO PATTY PSOC PRIVATIZATION PRELSP PGOVEAIDUKNOSWGMHUCANLLHFRSPITNZ PMIG PREC PAIGH PROG PSHA PARK PETER POG PHUS PPREL PS PTERPREL PRELPGOV POV PKPO PGOVECON POUS PGOVPRELPHUMPREFSMIGELABEAIDKCRMKWMN PWBG PMAR PREM PAR PNR PRELPGOVEAIDECONEINVBEXPSCULOIIPBTIO PARMIR PGOVGM PHUH PARTM PN PRE PTE PY POLUN PPEL PDOV PGOVSOCI PIRF PGOVPM PBST PRELEVU PGOR PBTSRU PRM PRELKPAOIZ PGVO PERL PGOC PAGR PMIN PHUMR PVIP PPD PGV PRAM PINL PKPAL PTERE PGOF PINO PHAS PODC PRHUM PHUMA PREO PPA PEPFAR PGO PRGOV PAC PRESL PORG PKFK PEPR PRELP PREFA PNG PGOVPHUMKPAO PRELECON PINOCHET PFOR PGOVLO PHUMBA PRELC PREK PHUME PHJM POLINT PGOVPZ PGOVKCRM PGOVE PHALANAGE PARTY PECON PEACE PROCESS PLN PRELSW PAHO PEDRO PRELA PASS PPAO PGPV PNUM PCUL PGGV PSA PGOVSMIGKCRMKWMNPHUMCVISKFRDCA PGIV PRFE POGOV PEL PBT PAMQ PINF PSEPC POSTS PHUMPGOV PVOV PHSAPREL PROLIFERATION PENA PRELTBIOBA PIN PRELL PGOVPTER PHAM PHYTRP PTEL PTERPGOV PHARM PROTESTS PRELAF PKBL PRELKPAO PKNP PARMP PHUML PFOV PERM PUOS PRELGOV PHUMPTER PARAGRAPH PERURENA PBTSEWWT PCI PETROL PINSO PINSCE PQL PEREZ PBS

Browse by classification

Community resources

courage is contagious

Viewing cable 07ABUJA1907, NIGERIA: ROAD MAP TO ECONOMIC REFORMS

If you are new to these pages, please read an introduction on the structure of a cable as well as how to discuss them with others. See also the FAQs

Understanding cables
Every cable message consists of three parts:
  • The top box shows each cables unique reference number, when and by whom it originally was sent, and what its initial classification was.
  • The middle box contains the header information that is associated with the cable. It includes information about the receiver(s) as well as a general subject.
  • The bottom box presents the body of the cable. The opening can contain a more specific subject, references to other cables (browse by origin to find them) or additional comment. This is followed by the main contents of the cable: a summary, a collection of specific topics and a comment section.
To understand the justification used for the classification of each cable, please use this WikiSource article as reference.

Discussing cables
If you find meaningful or important information in a cable, please link directly to its unique reference number. Linking to a specific paragraph in the body of a cable is also possible by copying the appropriate link (to be found at theparagraph symbol). Please mark messages for social networking services like Twitter with the hash tags #cablegate and a hash containing the reference ID e.g. #07ABUJA1907.
Reference ID Created Released Classification Origin
07ABUJA1907 2007-09-04 13:08 2011-08-25 00:00 UNCLASSIFIED Embassy Abuja
VZCZCXRO7479
PP RUEHMA RUEHPA
DE RUEHUJA #1907/01 2471308
ZNR UUUUU ZZH
P 041308Z SEP 07
FM AMEMBASSY ABUJA
TO RUEHC/SECSTATE WASHDC PRIORITY 0824
INFO RUEHOS/AMCONSUL LAGOS PRIORITY 7803
RUEHZK/ECOWAS COLLECTIVE
RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHDC
UNCLAS SECTION 01 OF 02 ABUJA 001907 
 
SIPDIS 
 
SIPDIS 
 
DEPARTMENT PASS TO USTR (AGAMA) 
DEPT OF TREASURY FOR RHALL, DPETERS 
 
E.O. 12598: N/A 
TAGS: ECON EFIN EINV PGOV NI
SUBJECT:  NIGERIA: ROAD MAP TO ECONOMIC REFORMS 
 
1. Summary.  The Nigerian government (GON) has introduced new 
policies hoping to accelerate growth and sustain macroeconomic 
stability.  The policies are in-line with the new administration's 
mantra of upholding the constitution and following rule of law, 
respect for due process, integrity, accountability and transparency. 
 Key components of the Road Map are institutional reform and 
restructuring within the Ministry of Finance and its agencies; 
establishing a Strategic Oil Revenue Reserve Fund; urging state 
assemblies to adopt the Fiscal Responsibility Act and setting up 
state debt management offices; reconstituting the Economic 
Management Team (EMT); suspension of waivers in taxes, duties and 
tariffs; greater participation of stakeholders in the budget 
process; and review of the value-added-tax (VAT) in-line with ECOWAS 
protocols.  End Summary. 
 
2.  On August 23, Dr. Shamsuddeen Usman, Minister of Finance, 
unveiled "The New Road Map to Economic Reforms", with the goal of 
guiding and accelerating the economic transformation process and 
sustaining macroeconomic stability achieved under Nigeria's ongoing 
reform program.  Usman said the new policy follows closely President 
Umar Yar'adua's objective of abiding by the constitution, holding to 
the rule of law, respecting due process and increasing 
accountability and transparency.  The specific objectives of the 
Road Map are to establish a Strategic Oil Revenue Reserve Fund; urge 
state assemblies to adopt the Fiscal Responsibility Act while 
setting up state debt management offices; reconstitute the Economic 
Management Team (EMT); suspend tax waivers, duties and tariffs; 
increase stakeholder participation in the budget process; and review 
of the value-added-tax (VAT) in-line with ECOWAS protocols. 
. 
The Strategic Oil Revenue Reserve Fund 
-------------------------------------- 
. 
3. Establishment of a strategic oil revenue reserve fund is aimed at 
reducing government revenue volatility and expenditure, and 
encouraging savings.  The plan is for the three-tiers of government 
to agree on a constitutional means to save and manage windfall oil 
revenues above the budgeted price benchmark.  Nigeria already has an 
excess crude account; however, account management has been 
challenged in court because claimants argue that the federal 
government has no constitutional authority to withhold funds from 
the states. 
. 
Fiscal Responsibility and Appropriations 
---------------------------------------- 
. 
4.  Usman reported President Yar'Adua was yet to sign the fiscal 
responsibility bill passed by the previous national assembly.  The 
President has delayed signing the bill, ordered further analysis and 
is encouraging the 36 state governors to pass similar legislation. 
 
5.  Usman disclosed that the GON had submitted two bills to the 
national assembly requesting additional funds for the 2007 budget. 
The first bill will divert 172.8 billion naira ($1.35 billion) from 
capital projects, overheads and debt service to finance a 15% 179.2 
billion naira ($1.4 billion) public sector pay rise promised by 
President Yar'Adua after the June 2007 general strike.  The second 
bill will spend $609 million on the payment of severance benefits 
and contractor arrears. 
. 
New Economic Team 
------------------ 
. 
6.  Usman announced that the Economic Management Team (EMT) has been 
reconstituted and its membership reduced from 28 to 13 with the 
Minister of Finance as chairman.  The EMT would become a think tank 
and the President approved the private sector inclusion of the 
Nigeria Economic Summit Group (NESG) and the Nigerian Economic 
Society (NES). 
The first EMT assignment is to develop specific, measurable and 
timely economic programs from the President's 7-point agenda from 
his inaugural speech. 
. 
Other Policy Measures 
--------------------- 
. 
7.  The GON suspended the issuance of waivers or exemptions from 
payment of taxes, duties, or other tariffs from August 23 and 
appointed two international audit firms to review the validity of 
all waivers and exemptions already granted, and calculate total 
revenue loss to the GON. 
 
8.  The Road Map includes reforming the Nigerian tax system to 
enhance revenue collection and improve policy coordination between 
the Federal Inland Revenue Service (FIRS) and relevant departments 
in the Finance Ministry; and increasing stakeholder participation by 
all tiers of government in the national budget process. 
 
ABUJA 00001907  002 OF 002 
 
 
 
9.  The Finance Ministry also plans to overhaul the Nigeria Custom 
Service (NCS) and produce a comprehensive tariff document to reduce 
delays at ports from two weeks to a few days; and reviewing the 
value-added-tax (VAT) to ensure compliance with ECOWAS protocols. 
. 
Comment 
------- 
. 
10.  The Road Map to Economic Reforms may consolidate economic 
reforms made during former President Obasanjo's second term.  The 
Obasanjo administration grouped its objectives, policies and 
programs into the National Economic Empowerment and Development 
Strategy (NEEDS) document.  The NEEDS program was thoroughly 
evaluated and received national consensus, however, Yar'Adua's 
administration, 100 days in office, has yet to demonstrate interest 
in transforming NEEDS I to NEEDS II.  Nigerian history is replete 
with examples of incoming administrations "reinventing the wheel" 
and valuable time and effort will be lost if Yar'adua's 
administration comes up with its own version of NEEDS.  There remain 
significant challenges in improving domestic business environment 
and in extending reform policies to states and local governments. 
 
GRIBBIN