The presidential candidate of the Labour Party in Nigeria, Mr. Peter Obi, has said that the country must look beyond oil and gas to survive economically.
Peter Obi said if he is elected the president the Federal Republic of Nigeria, he would ensure that the economy is diversified, and that the country moves away from oil to industrial revolution by expanding physical infrastructure.
According to him, Nigeria must move from a consumption economy to a manufacturing economy. “Nigeria must look beyond oil. We should be ready to move the country from oil to industrial revolution by expanding physical infrastructure,” he said.
Obi also said he would pursue a drastic reduction in the cost of governance and corruption if elected into office.
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The former governor of Anambra state, disclosed these yesterday through series of tweets on his verified Twitter handle.
Speaking on cost-saving measures, Obi said he would operate within available resources to achieve a balanced national budget. He wrote, “As a nation, Nigeria must look beyond oil.
“We, therefore, intend to leapfrog Nigeria from oil to the Fourth Industrial Revolution by expanding physical infrastructure through market-driven reforms that will unleash growth-enabling entrepreneurship and market-creating innovations and market-creating innovations. To ensure sustainability and resilience, we will stop borrowing for consumption,” he said