writes that the presidential flagbearer of the Labour Party, Peter Obi, has made public his manifesto as he gears up for his electioneering campaign
Obi who has constantly hinted on a new style of governance of social contract with the people, titled the manifesto: Prospect of a Transformative Governance in Nigeria, which he said his leadership will be anchored on. “Restoring leadership will require that we reassert proactively, Nigeria’s leadership role in African affairs through constructive engagement, peacekeeping duties, and using existing sub-regional and regional forums as well as bilateral platforms for dialogue on current and emerging challenges. We will continue to enhance our sphere of influence via peacekeeping, and trade and investment initiatives.
On security, the presidential flagbearer promised reform that will tweak the security architecture, entail reform of the security sector and governance. He said this will be made easier by integrating the activities of the National Intelligence and Security Agencies by establishing a central reporting intelligence loop under the authority of the Minister of National & Homeland Security
“Integrate the activities of the National Intelligence and Security Agencies by establishing a Central Reporting Intelligence loop under the authority the Minister of National & Homeland Security. On direct foreign investment and the pressure on naira, employment and corruption, he said alternative measure like Diaspora Remittances will be key to explore ways of cushioning the forex demands by mainstreaming those components of Diaspora remittances that remain opaque and informal.
“We will enforce the legal framework protecting foreign investors and their indigenous partners. This is the only way to tamper monopoly and capital flight. “We will remove import and forex restrictions and insist on a single forex market. The current system penalizes exporters who bring in forex by forcing them to sell at a rate that they are unable to source for forex when they need to purchase forex. This multiple exchange rate regime encourages capital flight and deters investment, which has further worsened Nigeria’s forex situation.
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