Peter Obi, presidential candidate of the Labour Party (LP), says he will drastically reduce the cost of governance and corruption if he becomes president.
According to a statement issued by the Obi-Datti Media office, the presidential candidate said this while speaking on the theme, ‘Nigeria Diaspora and Capacity Building’, in Michigan, United States, on Monday.
Obi said the reduction in cost of governance will help to reduce the nation’s debt and address corruption.
“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,” Obi said.
Speaking on power, he 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 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 commended the youth, saying the journey to rescue Nigeria could not have gained momentum without their proactive role.
“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,” he added.