Peter Obi: Restructuring Will Boost Nigeria’s Economy, End Insecurity

Peter Obi: Restructuring Will Boost Nigeria’s Economy — And End Insecurity
Peter Obi

Former Governor of Anambra State, Peter Obi has expressed that restructuring of the country will boost Nigeria’s economy and end insecurity.

The former governor spoke on ”restructuring, security challenges and development” at the fourth Adada public lecture organised by the association of Nsukka professors (ANP) at the University of Nigeria, Nsukka (UNN) on Tuesday.

Obi reportedly stated that it is unfortunate that governors depend on oil revenue but through restructuring, governors will look inwards to make their states productive.

He expressed that state, local and community police will also be set up to tackle criminality within their areas.

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“It is unfortunate that some governors believe in going to Abuja monthly to get federal allocation from proceeds of oil,” he said.

“They have forgotten the price of oil in the international market has depreciated and will continue to depreciate.

“No developed country in the world depends on crude oil but they invest in their children, agriculture and encourage small and medium enterprises by giving out soft loans and other incentives.

“There is urgent need to restructure the country for the economy to grow to desired level.”

He, however,  cautioned Nigerians who do not believe in restructuring to stop misleading others by claiming it is a deliberate plan to divide the country.

“Rather, it should be seen as a move to build the ailing economy and restore adequate security in the country,” he said.