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Just In: Peter Obi Promises Reduction of subsidy cost by 50%, Security Restructuring

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The Presidential Candidate of the Labor Party, Mr. Peter Obi has promised to reduce the cost of subsidy down to 50% if elected Nigeria President.

Obi using his Facebook page after paying host to group of Youths stated that “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” he ended

 

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