The presidential candidate of the Young Progressive Party, Kingsley Moghalu, has assured Nigerians that if elected as President, his government would reduce the nation’s recurrent expenditure to 50% and increase capital spending to 50% within two years.
Moghalu, a former Deputy Governor of the Central Bank of Nigeria, made the promise while speaking with newsmen in Aba, Abia State.
He said his vision for Nigeria was that of a modern country which would be governed by a leader of international repute, and not politicians that had failed the country.
He said his administration would establish an economic philosophy from which Nigeria’s economic vision would be derived.
He said such vision would make clear the respective roles of the state and the market, and its position on capitalism and its various adaptations.
Moghalu said his government would create a concrete economic diversification plan similar to that of Saudi Arabia that would ensure a prosperous path beyond dependency on crude oil.
He added that the 2019 general elections will be peculiar because recycled and corrupt politicians will be removed by people’s votes.
He said that it was time for the country to close the era of waste, corruption, and incompetence that held Nigeria back from achieving its potential.
“It is a choice between freedom and slavery under our recycled and corrupt politicians; between poverty and prosperity for our masses of the poor, and the unemployed, and between stability and continuing instability of the Nigeria state,” he said.
Also, the party’s governorship candidate in Abia State, Mr Joseph Nkoro; and his running mate, Okpere Okpere, appealed to Nigerians, especially people of the state to believe in the party as it would live up to its name of being progressive, as well as be an agent of raising standards across the board for politics and policy.