On May 20, 2015, nine days BEFORE the government was inaugurated, I laid out «
Policy Prescriptions» - diversification of production, government revenue, and exports;
imperative of a
strong and credible economic team and cabinet; targeting «opportunity sectors» (solid minerals, refining and petrochemicals, a new and realistic fiscal regime for upstream oil and gas, private sector investments in power and infrastructure, agro-processing, retail and construction); freeing «up resources from downstream petroleum sector deregulation» emphasizing «an economic reality in which hard decisions including some previously rebuffed by the opposition will have to be taken» a clear reference to the petrol subsidy which government waited a full year before countenancing the critical decision!
«The historical long - term perspective reveals that we are at a watershed moment in human history right now: adaptation — to climate change or increasing /
stronger extreme events such as hurricanes — has turned from a contingent and drawn out historical process into an
imperative, a prescriptive
policy, almost,» said Prof. Rohland.