My Plan for Libya

Diversification

While Libya is fortunate in possessing an enormous wealth of natural resources, overreliance on the extractive sector leaves our economy vulnerable. As a consequence, we must diversify our economy into new high-value added sectors by creating a thriving private sector that can offer attractive employment opportunities for our youthful population. Economic diversification must be accompanied by sound economic, fiscal, monetary, and public expenditure policies that can support private sector led growth.

Managing Hydrocarbons

If Libya’s hydrocarbon resources are more effectively managed, our natural assets can be invested to facilitate sustainable development by investing in infrastructure, enhancing public and social services, improving education, promoting entrepreneurship, and funding innovation.

Small and Medium Sized Businesses

Libyan small and medium sized businesses often have difficulty accessing growth capital to expand their businesses and face an opaque regulatory environment. Delivering on Libya’s ambitious growth plans will require overcoming the significant barriers faced by small and medium business so that they can access capital, attract sufficiently skilled workforces, and are incentivized to engage in privately funded research and development.

MY RECORD THUS FAR

• An immediate focus on human development is essential to national progress and overcoming Libya’s current challenges
• Aref Nayed played a key role in establishing the League of Libyan Ulema which united Libya’s religious leaders to call for the previous regime to step down and continues to provide moral guidance to youth
• Aref Nayed believes Libya must focus on renewing foundational values
• Building strong and prosperous communities is essential to creating a national sense of belonging and promoting social cohesion
• Stability must be achieved while addressing key economic, human development, and government challenges in parallel

Support Aref’s Plan for Growing Our Economy

For too long we have relied almost exclusively on oil and gas to drive our economy and fund government expenditures. Add your name to support Aref Nayed’s plan to move Libya forward by diversifying our economy into new high-value-added sectors that can offer attractive employment opportunities for our youth.