Presidential candidate of the Labour Party, Peter Obi, has stated his plans to reduce governance costs. He presented his vision for administration to Nigerians in the diaspora.
Speaking on the theme, ‘Nigeria Diaspora and Capacity Building’, in Michigan, United States, on Monday, Obi stated that if elected president, his administration would drastically reduce the cost of governance.
This was said in a statement provided to The PUNCH on Tuesday by the Obi-Datti Media Office. Obi claims that lowering the expense of government will aid in reducing debt in the country and fighting corruption.
“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,” Obi said.
On power generation, Peter Obi said, “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 liberalized leaving the most critical component (transmission) in the hands of the 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.”
He further urged youth to me more resilient, “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.”