December 5, 2022

My Initial Focus Will Be On Several Critical Sectors – Peter Obi

3 min read

The Presidential Candidate of the Labour Party Mr. Peter Obi has rolled out his 7-point Agenda.

Obi rolled out the Agenda on Monday, 3rd October 2022 at the Ford Community & Performing Arts Center, Dearborn, Michigan, Fireside Chat put together by Nigerians in Diaspora.

They are listed below:

• The 4 CS And Intangible Assets: Thinking through 2023 and beyond, we must think seriously about a leadership that is imbued with competence, capacity, credibility, and commitment. Accordingly, we will pursue intangible assets of good governance, rule of law, and security of lives and properties; we will ensure that we have these assets in place and stress asset optimization.

•Security: The relevant security institutions and agencies exist. The supporting national security-enabling documents and strategies also exist. We will tweak the security architecture, by offering each arm or agency lead in areas where they have a comparative advantage. Total reform of the entire security architecture that will include 3 levels of policing- Federal, state, and community.

• A properly manned, equipped, and technologically driven security system will entail reforming the security sector and governance, with particular emphasis on re-focusing the military on external threats and border protection and police on internal security threats and law enforcement; swift prosecution of criminals, bandits and terrorists; enhanced coordination among security agencies; and upholding the rule of law.

• Power: Even though I am aware that power has been moved from the exclusive list to the concurrent list, we will go beyond it; we will aggressively support the private sector to invest in the power chain through a multifaceted approach, particularly the transmission infrastructure. As we all know, two components of the power sector (generation and distribution) have been privatized and liberalized leaving the most critical component (transmission) in the hands of a government that is causing inefficiency and darkness. We will, therefore, vigorously pursue the liberalization of the transmission infrastructure in addition to a robust power mix- embedded power and renewable energy.

•Subsidy: There are two elements of subsidy- the corruption component and the real subsidy component. For corruption, we will deal with it decisively which will reduce the subsidy cost by over 50%. We will support local refining for domestic use and priced strictly in Naira. Starting with all government vehicles, we will transition to gas-powered cars.

• Inflation: The first thing to tackle is food inflation. Once we tackle insecurity and farmers return to farms, our food production will go up and inflation will go down through reduced food prices. When you remove the subsidy, our fiscal imbalance will reduce and subsequently increase.

• Debt: We shall pursue a drastic reduction in the cost of governance and corruption; Improve the ease of doing business to attract FDI to jumpstart industrialization and when borrowing is unavoidable, it will be strictly for regenerative purposes and production.

• Human Capital Development: We will aggressively pursue the global best practices and standards within the available resource. In the medium and long term, 14% of budgetary funding for education is within the realm of possibility. We will re-direct UBEC and TETFund resources to the strict and robust funding of basic and tertiary institutions, to end the perennial strikes by University Staff and workers.

• Gender Parity: As governor of Anambra State my administration achieved close to a 60-40 gender balance in appointive and elective positions. The national target has hovered around 30-35%. We intend to progressively aim for between 35-40%, with aggressive gender mainstreaming action plans and rigid benchmarks.

• Corruption: We will have zero tolerance for corruption; block leakages and cut the cost of governance. Our total commitment to transparency and accountability in government business is the only credible way to achieve limited to zero corruption.

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