News

Bad News For Nigerian Politicians As Peter Obi Vow To Cut The Cost Of Governance In A Bid To Clear Nigeria’s Debt Profile

Published

6 months ago

October 4, 2022

The Labour Party presidential candidate, Peter Obi is not slowing down one bit as he has continued to show commitment to his promises ahead of the 2023 presidential election.

As reported by Punch, the former Anambra state governor on Monday, October 3 official unveiled his plans on wiping out Nigeria’s debt profile.

He presented it while speaking to Nigerians in Michigan, the United States on the theme ‘Nigeria Diaspora and Capacity Building’.

According to a statement issued by the Obi-Datti Media office, Obi said if elected, his administration will cut down expenses of governance.

He said:

“We shall pursue a drastic reduction in the cost of governance and corruption; Improve ease of doing business to attract FDI to jumpstart industrialization and when borrowing is unavoidable, it will be strictly for regenerative purposes and production.”

Peter Obi vows to improve energy distribution Similarly, Peter Obi pledged that his administration will place priority on the power sector so as to boost private businesses and boost the economic functionality of Nigeria.

He said generating power and distributing power will stand as one of the main agendas of his administration for the best interest of allowing private businesses to thrive and also encourage more investors He said:

“We will, therefore, vigorously pursue the liberalization of the transmission infrastructure in addition to a robust power mix- embedded power and renewable energy.”

Obi further appreciated the youths and encouraged them to be more resilient.

He said: “The journey to rescue Nigeria could not have gained momentum without the proactive role of our youth. I salute them.