Moghalu will address the multiple crises of leadership that are threatening to cause a general breakdown of the country’s socio-economic order
A former deputy governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu, will hold a World Press Conference on Thursday, March 17 to address the challenges that are hindering Nigeria’s progress.
Moghalu is a 2023 presidential aspirant under the African Democratic Congress (ADC) party platform.
A statement by Jide Akintunde, spokesperson to Moghalu4Nigeria says the event will be held at No. 8 Lake Chad Crescent, Maitama, Abuja.
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According to the statement, Moghalu will address the multiple crises of leadership that are threatening to cause a general breakdown of the country’s socio-economic order – which has been degenerative as a result of the misgovernance of the past years – at a time of global geopolitical tension and economic instability.
The issues to be addressed include the rising inflation in Nigeria and its impact on the welfare of the people; unabating insecurity, featuring shrinking governed spaces and expanding ungoverned spaces; high unemployment – made more worrisome by youth unemployment rate of over 40%; and the continuing weakening of the education system, currently highlighted by the resumption of strike by the Academic Staff Union of Universities (ASUU).
On the international front, the invasion of Ukraine by Russia is a geopolitical risk of a mammoth proportion. Beyond its impact on the domestic energy price through higher landing cost of Premium Motor Spirt (petrol), the war in Ukraine can destabilise global markets and world peace.
The world press conference will also address critical issues concerning the 2023 general election in Nigeria.
About Professor Kingsley Moghalu
Moghalu was a candidate in the 2019 presidential election. His candidacy in that election pointed Nigeria towards an alternative leadership profile and possibility. Moghalu is a presidential aspirant in the 2023 general election. The former UN diplomat served as CBN Deputy Governor between 2009 and 2014.
Moghalu’s track record of excellent professional performance includes his leadership role as CBN Deputy Governor, Financial System Stability (FSS) directorate, in the Central Bank’s successful reform of the Nigerian banking system following the global financial crisis. The intervention and reform ensured that no Nigerian bank failed, no depositor lost a kobo of their savings, and the introduction of the BVN has made the banking system safer and serves as a catalyst for the growth of fintech in the financial market.
Moghalu discharged major security, economic and nation-building responsibilities at the UN, including the rebuilding of post-conflict states including Rwanda after the genocide, Cambodia, and Croatia.
His leadership experience, global and national, is unique in its relevance to the execution of the core functions of the Office of the President of the Federal Republic of Nigeria, which are national security, nation-building, the economy, and foreign affairs.
