The presidential candidate of the Labour Party(LP), Peter Obi, has said his administration will drastically reduce the cost of governance in Nigeria if elected as president next year.
While speaking to Nigerians in Diaspora, he said the reduction in cost of governance will help reduce the nation’s debt and tackle corruption.
Obi, who was speaking in Michigan, United States on Monday on the theme ‘Nigeria Diaspora and Capacity Building’ noted that his administration would not only pursue a drastic reduction in cost of governance and corruption, it will also Improve ease of doing business to attract FDI to jumpstart industrialisation and that when borrowing is unavoidable, it will be strictly for regenerative purposes and production.
As contained in the statement issued by the Obi-Datti Media office today, the LP presidential candidate also remarked that his administration will aggressively support the private sector to invest in the power chain through a multifaceted approach particularly the transmission infrastructure if given the mandate.
“Even though I am aware that power has been moved from exclusive list to the concurrent list, we will go beyond it.”
“As we all know, two components of the power sector (generation and distribution) have been privatised and liberalised leaving the most critical component (transmission) in the hands of government which is causing inefficiency and darkness,” he added.
Obi noted that to this end, if given the mandate, he will vigorously pursue the liberalisation of the transmission infrastructure in addition to a robust power mix, embedded power and renewable energy.
While appreciating the youth, he said, “the journey to rescue Nigeria could not have gained momentum without the proactive role of our youth. I salute them.”
The race is far from over he said, as campaigning has only just started, but “yet I am confident that given their resilience, they will stay the course.”
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