Labour Party Presidential Candidate, Peter Obi
Labour Party’s presidential candidate, Peter Obi, has said that Nigeria’s forex problems and those of the economy generally are not too complex to solve.
Production, he sys, is the solution.
According to him, the solution to the problem of naira is to create things to sell to earn hard currencies.
In a statement capturing his discussion with some Nigerians in Germany, he is quoted as saying:
“So, it is our duty to turn things around in Nigeria for the good of our country.
“Somebody asked me a question about going to look for foreign investors, I said Nigerians outside are going to do what China and India did.
“It is good for us to go back and fix our place, we need to secure it and it is important for our place to have proper leadership that is visionary, there is nothing happening in other countries that is rocket science, a country is measured by its productive capacity.
“Somebody asked me what are we going to do to stabilise the naira and I said it is very simple; production, because the more you produce goods and export , the more your currency becomes stronger, if you are looking for dollars and Euro, just go and sell something to somebody that has euro and dollar and your currency will become strong. We will ensure security of lives and bring stability to governance.
“Our human capital today is low, we have 200 million people with barely ten percent productive capacity. You also need to reduce the cost of Governance and have zero tolerance for corruption. People cannot continue to do what they are doing with government resources.”