Connect with us

Politics

How the Labour Party would transition Nigeria’s Economy from Consumption to Production.

How the Labour Party would transition Nigeria’s Economy from Consumption to Production.

Published

on

FastNews reports that Mr. Peter Obi, the presidential candidate for the Labour Party, declared on Thursday in Abuja that his party would change Nigeria’s economy from one based on consumption to one based on production.

At the Leadership Summit for the Coalition for Peter Obi, Obi made the announcement.

The summit’s topic was “Youths, Governance, and a New Nigeria.”

By utilizing the potential and natural resources found throughout the nation, he promised to diversify the economy.

He added that he would build a country of integrity where patriotism would be the pride of citizens.

“We have a country called Nigeria, but we don’t have Nigerians.

“What we want to do is to create Nigerians and the only way to create Nigerians is to make people to have hope in Nigeria.

“Nigeria is a great country. God created this country and gave it everything to make it great. The only thing that is lacking is a simple thing called leadership.

“That is what Datti and I intend to provide.’’ he said.

He explained how he plans to harness regional potentials for national economic development.

“When I say we are not a producing country but a consuming one, it is true.

“For instance, Borno is a state situated on 70.9 square kilometres of land and today we are talking about Sambisa Forest. It is an asset for Nigeria.

“This is because Sambisa Forest is twice the size of Israel and it is an agricultural land that can give us food.

“If you go all over the northern part of Nigeria you will see that Nigeria is blessed with land that can give us food.

“We are waiting to share money from oil. How much do we generate from oil?

“Our total export as a country is 30 billion dollars including oil, yet we live in a country of over 923,000 square metre, almost one million square kilometres,’’ he said.

Obi said that Nigeria, when compared with Vietnam that lives on 331square kilometres of land and has a population of 100 million was lagging behind.

This, he said, was because Vietnam’s export is 312 billion dollars yet Nigeria could not do 10 per cent of Vietnam’s exports with a vast land and a population of 200 million people.

He added that Niger is two-and-half the size of The Netherlands, yet the state could not feed itself or the country whereas The Netherlands’ agricultural export for 2021 was 120 billion dollars.

“We cannot continue to live like this; our position is simple, all Datti and I want to do is to move this country from consumption to production,’’ he stressed.

In his remarks, the vice-presidential candidate of the party Mr Yusuf Datti said the duo and the party were not looking for money in government, but looking to run a government in money.

Datti noted that Nigeria has a lot of money and potentials and that all it needed was credible leaders to harness them.

“I am following a business leader who knows how to create wealth and we are going to create it legitimately.

Datti said that he would serve with integrity having proved it earlier as a senator and was one of the senators who did not buy a house at the Apo Legislative Quarters when they were sold.

He stressed that the Labour Party would drive Nigeria into prosperity and integrity.

Datti called on those who had lived and prospered by promoting disunity and crises in Nigeria to sheath their swords because their time was up.

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year
Business1 hour ago

Zenith Bank Retains Nigeria’s Number One Bank By Tier-1 Capital For 15th Consecutive Year

Press Release4 hours ago

Fidelity Bank’s Consistent Strong Growth Excites Investors

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night
Press Release2 days ago

Akmodel Group MD Wins Outstanding Humanitarian Award At Maiden Eko Mi Award Night

Rep Umoh: Inflation and Unemployment Hinder Nigeria's Economic Potential
Breaking News3 days ago

Rep Umoh: Inflation and Unemployment Hinder Nigeria’s Economic Potential

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition
Press Release4 days ago

Eko Mi Awards Hosts Bldr. (Dr.) Abdulhakeem Odegade, Akmodel Group MD, Hon. James Abiodun Faleke, Favour Benson, Cardinal James Odumbaku, etc To Attend Maiden Edition

Top 5 Most Popular Apps Worldwide
Breaking News5 days ago

Top 5 Most Popular Apps Worldwide

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts
Breaking News6 days ago

Band A Struggles: Universities Face High Tariffs While Students Suffer from Blackouts

Business1 week ago

Zenith Bank Capital Markets Day

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit
Business2 weeks ago

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit

Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards
Business2 weeks ago

Zenith Bank Wins Best Commercial Bank In Nigeria And Best Corporate Governance Awards At World Finance 2024 Awards

Unity Bank empowers 400 fresh graduates and invests over N100 million in the Corpreneurship Challenge.
Business2 weeks ago

Unity Bank empowers 400 fresh graduates and invests over N100 million in the Corpreneurship Challenge.

FIRSTBANK SPONSORS “THE NOBLE WARRIOR” PLAY, A 90TH BIRTHDAY TRIBUTE TO WOLE SOYINKA
Business2 weeks ago

FIRSTBANK SPONSORS “THE NOBLE WARRIOR” PLAY, A 90TH BIRTHDAY TRIBUTE TO WOLE SOYINKA

Access Holdings launches N351 billion rights issue to bolster capital base
Business3 weeks ago

Access Holdings launches N351 billion rights issue to bolster capital base

Why Investors will buy Fidelity Banks Offers, by Capital Market Stakeholders
Business4 weeks ago

Why Investors will buy Fidelity Banks Offers, by Capital Market Stakeholders

GTCO Offers 9 Billion Shares At ₦44.50 Each, Envisions One Billion Dollar Profit
Business4 weeks ago

GTCO Recognised As Nigeria’s Strongest Banking Brand

Copyright © FastNews Nigeria