The presidential candidate of the Labour Party (LP), Peter Obi has spoken about the ideas he will use to tackle insecurity, inflation and other issues bedevilling the country if he's elected as President in 2023. Obi spoke at the Lagos Chamber of Commerce and Industry (LCCI), Lagos on Monday. He promised to take full responsibility for governance and national security, adding that he will create security operatives at different levels of government who will be equipped with the necessary tools and technology for operations.
“As a President elected by all Nigerians, the buck will stop at my desk, I will be fully responsible for governance and national security decisions and actions. “Total reform of the entire security architecture that will include level policing – Federal, State and Community, properly armed, equipped and technologically driven security system,” Obi said.
In addressing the power supply and inflation, he said the private sector will be given full support to invest in electricity and promised to slash the subsidy cost by 50%. Obi added, “My administration will aggressively support the private sector to invest in the power value chain through a multifaceted approach, particularly the transmission infrastructure.
“I will vigorously pursue the liberalization of the transmission infrastructure and adequately support the existing investors through proper alignment of specific gas supply for power generation, transmission and distribution.
“We will reduce the subsidy cost by over 50 %. We will support local refining for domestic use and priced strictly in Naira, Once we tackle insecurity and farmers’ returns to farms, our food production will go up and inflation will go down through the reduced food prices.
“With the removal of subsidy, effectively reduce corruption to a minimal level, reduced bloated cost of governance and above all, support and incentivize export to stabilize the currency exchange rate.”
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