Obi Promises to Address Oil Theft, Debt Servicing, Unemployment, and Other Issues at Chatham House

“Check my records, please. The Labour Party presidential candidate stated that it was there and claimed to be the only former governor who did not owe any salaries, gratuities, or pensions after leaving office.

Peter Obi, the Labour Party’s (LP) presidential candidate, has pledged to address Nigeria’s many problems, including oil theft, debt service, the secessionist movement, youth unemployment, energy issues, and insecurity, among others.

The former Anambra State governor, Obi, talked on Monday about his ambitions at Chatham House, a renowned policy academy and think tank venue in the United Kingdom.

The 61-year-old billionaire claims that Nigeria’s current “structure” is one of lawlessness, and that this has caused the West African nation to become impoverished. Therefore, if elected the next month, he promised to destroy the “structure.”.

Obi pledged to combat and eradicate government corruption. “Check my records, please. He stated, “It is there, and I am the only former governor who did not owe any wages, gratuities, or pensions after leaving office.”

favourable business climate
The LP presidential contender promised to create a climate that would facilitate business and draw in international capital.

Bringing back foreign investors is akin to bringing bees to honey, according to Obi.The bees would locate your honey if you simply made it.

“Foreign capital is afraid of corruption, is afraid of bad policies, and is afraid of places where the rule of law is absent. You must create a secure atmosphere with regulations. We’ll battle against corruption.

Obtain credit to invest
Obi claimed that Nigeria borrows money for spending rather than investing. “You have a crisis when you borrow for consumption,” he stated.

“While our per capital is 2,000, our debt has increased by more than 400%.That implies that the money we borrowed was lost.

To be able to settle the loan, we will restructure it over an extended period of time. Then we will declare that borrowing is only permitted for investments, not for consumption.

The LP presidential candidate declared that “revenue shortages and leakages, such as oil theft, will be dealt with decisively by holding those in positions of authority fully accountable.”

READ ALSO: Obi, Yakubu, and Kwankwaso Will Speak at Chatham House Next Week Regarding Elections

By the end of 2023, I’ll deliver 7,000 megawatts.
If elected by February 25th, the former governor of Anambra State has promised to “turn around the power industry.” By the end of 2023, he said he would increase Nigeria’s power generation capacity from 4,000 megawatts to 7,000 megawatts.

The enduring power issue in Nigeria has a complete answer that is well-covered in our manifesto, according to Obi.

“We’ll make sure to address the transmission and distribution issue.”

To attain a steady 7,000 megawatts by the end of this year, 11,000 megawatts by 2024, and 25,000 megawatts by 2025, we will, however, promptly finish the $2.3 billion Nigeria-Siemens network improvement project.

Digital literacy is a requirement for primary and secondary students.
Obi promised to combat youth unemployment by funding high-quality entrepreneurial education, research, and education.

The LP candidate stated that in order to carry out his education plan, he would “incorporate mandatory technical and vocational skills, sports, entrepreneurial programming, and digital skills from the primary to secondary school level.”

“We will prioritise funding for this crucial area in keeping with our goal to improve our educational system. “Our tertiary institutions will undergo renovations to function as centres for commercialization and research development,” he continued.

No “Sacred Cows”
Obi declared that he would not have any untouchables or holy cows when addressing insecurity. “You won’t have any trouble dealing with anyone as long as you aren’t a part of this transactional governance.” “There are no sacred cows because we face an existential peril,” he continued.

He continued by saying that everyone in Nigeria is an IDP as long as thousands of people are living in camps for internally displaced people. He asserts that Nigeria’s arable lands have the potential to be another oil-like cash cow, creating millions of jobs for millions of young people who are unemployed.