Corruption wrecking Nigeria, fuel subsidy organized crime ~ Obi

Corruption wrecking Nigeria, fuel subsidy organized crime ~ Obi

The presidential candidate of the Labour Party, Mr. Peter Obi, has said that fiscal recklessness, inability to tackle insecurity and corruption have been primarily responsible for Nigeria’s failing economy.

Obi also said that domestic problems, caused by leadership failure, have damaged the unity and cohesiveness of the country.

The former Anambra State governor, while speaking at the Private Sector Economic Forum organized by the Lagos Chamber of Commerce and Industry on Monday, said the government that would succeed the Major Gen. Muhammadu Buhari regime in 2023 would be confronted by an array of daunting challenges, both domestic and external.

Obi, who said Nigeria was not bereft of transformative ideas from brilliant minds, noted that institutional weakness and lack of political will had led to poor outcomes that had affected the people. He regretted that Nigeria now had frightening levels of poverty, unemployment rate, and out-of-school children.

According to him, given the history, politics, and governance challenges, moving Nigeria forward would require concerted efforts and a shift from coercive to a consensus approach.

He said that leapfrogging Nigeria from oil dependence to the industrial revolution, improving human capital development, and formulating good foreign policy must be brought to the front burner to revive the nation’s ailing economy.

CR/VO/PUNCH

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