News Politics

It’s Time To Fix Nigeria – Peter Obi

Dr. Peter Obi, a presidential aspirant on the platform of the Peoples Democratic Party, says it’s time to work and fix Nigeria..

The former Anambra State governor said this on Friday in Calabar during his meeting with delegates ahead of the party’s forthcoming presidential primary, stressing that everybody must be productive for the nation to survive.

He promised that if elected president, he would replace sharing formula of monthly allocation with a production formula.

Obi said, “Nigeria is a nation of over 200 million people with about 100 million living in poverty, over 18 million out of school children out of which about 10 million are girls.

“We have 35 per cent unemployment rate and if we add underemployment it will rise to over 50 per cent, many of which are youths in their productive age, so we cannot be celebrating.”

Obi further said that borrowing as a nation was not wrong as the largest economies in the world such as America were also in debt but regretted that Nigeria was borrowing for consumption.

“The consequences of borrowing for consumption today is that Nigeria is spending over 90 per cent of its revenue to service debt without much production to show.

“Exporting crude oil has not saved Venezuela or any country, we need to invest in our massive land mass and grow our economy like other nations such as Singapore, Vietnam and even Morocco has done with tourism,” he said.

The Chairman of PDP in Cross River Mr Venatius Ikem in his response expressed confidence that Nigeria would have a turnaround if Obi became president.

“I however don’t expect Nigerians to just wish but express their wishes through their support for Peter Obi.”

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