Peter Obi Reveals His Economic Master Plan

Osaretin Balogban

The Labour Party’s Presidential candidate, Peter Obi, revealed the seven economic master plans his administration would implement if he is made president.

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Peter obi revealed during his engagement with the private sector under the Lagos Chambers of Commerce and Industry (LCCI) in Lagos, that his government would provide an encouraging environment for the sector by implementing the right policies.

“Our goal is to bring back people’s trust in governance.”

“For you to generate revenue, it is the job of government to encourage economic growth and create jobs, who will, in turn, invest in the economy and pay taxes.”

“Start pulling the people out of poverty and encourage economic growth. China finances its budget majorly from taxes. You need to inject and support the economy,” Peter Obi said.

The Labour Party candidate said the economy would be private sector-driven as leakages in the government would be blocked.

He noted that insecurity would be quickly dealt with as the security architecture will be overhauled, creating state and local policing.

Obi also noted that the transmission sector was responsible for power failure and promised it would be addressed under his administration.

“Yes, we have privatised the generation and distribution but the major link between the two, which is the transmission. For our government, we will liberalise this sector and support the existing companies in that sector. This can be done by aggressively involving the private sector,” He said.

He added that waste in government will also be addressed under his administration.

“Government does not have to look for money to do this. The government can go ahead to provide guarantee like it was done in Egypt.”

“I have allergy for waste and the same thing will apply in my government.”

“New policy directions, institutional reforms, and sound governance are critical to creating a new economic order in Nigeria. This is why we are gathered here today!.”

Other areas of focus he mentioned were aggressive development of human capital, providing foreign policy to restore Nigeria’s relevance, stimulating industrial revolution, growing foreign reserves, and security to lives and property.

Source: The Nation

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