The face of the New Nigerian Movement and presidential candidate of the Labour Party, Peter Obi, has vowed to drastically reduce the cost of governance if elected president in 2023.
Obi made the promise while speaking on the theme, ‘Nigeria Diaspora and Capacity Building’, in Michigan, United States, on Monday.
This was contained in a statement on Tuesday by the Obi-Datti Media office.
The former Anambra governor said reducing the cost of governance will help you reduce the nation’s debt and tackle corruption.
He said, “We shall pursue a drastic reduction in 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.
Even though I am aware that power has been moved from exclusive list to the concurrent list, we will go beyond it; we will aggressively support the private sector to invest in the power chain through a multifaceted approach particularly the transmission infrastructure.
“As we all know, two components of the power sector (generation and distribution) have been privatized and liberalised leaving the most critical component (transmission) in the hands of government which is causing inefficiency and darkness.
“We will, therefore, vigorously pursue the liberalization of the transmission infrastructure in addition to a robust power mix- embedded power and renewable energy.”
Obi also thanked the youths, adding that, “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; the campaigning has only just started. Yet I am confident that given their resilience, they will stay the course.”