The Labour Party presidential candidate, Mr Peter Obi has promised to aggressively support the private sector to invest in the power value chain through a multifaceted approach particularly the transmission infrastructure, if elected as president of Nigeria.
Obi made this known at an event organized the Lagos Chamber of Commerce and Industry titled; Private Sector Economic Reform on 2023 presidential election.
At the event which took place on Monday, 19 September, Obi also declared that he will be fully responsible for governance and national security decisions and actions.
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“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.
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 minimal level, reduced bloated cost of governance and above all, support and incentivize export to stabilize the currency exchange rate. – PO”
