Obi in Michigan, promises ease of doing business to attract foreign investors
By Jeph Ajobaju, Chief Copy Editor
Peter Obi has pleaded with Diaspora Nigerians not to stop investing in their country because of bureaucracy and red tape, saying he would reduce the cost of governance through cutbacks and also improve ease of doing business if elected President.
He made the plea in Michigan on Monday when he spoke on “Nigeria Diaspora and Capacity Building” at a forum organised by Nigerians in the United States, according to a statement released on Tuesday by the Obi-Datti Media Office.
“We shall pursue a drastic reduction in the cost of governance and corruption; Improve ease of doing business to attract FDI [foreign direct investment] to jumpstart industrialisation and when borrowing is unavoidable, it will be strictly for regenerative purposes and production.
“Even though I am aware that power has been moved from Exclusive List to the Concurrent List [in the Constitution], we will go beyond it; we will aggressively support the private sector to invest in the power chain through a multifaceted approach particularly the transmission infrastructure,” Obi promised.
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Liberation of power transmission
“As we all know, two components of the power sector (generation and distribution) have been privatised and liberalised leaving the most critical component (transmission) in the hands of government which is causing inefficiency and darkness,” Obi added, per The PUNCH.
“We will, therefore, vigorously pursue the liberalisation of the transmission infrastructure in addition to a robust power mix- embedded power and renewable energy.
“The journey to rescue Nigeria could not have gained momentum without the proactive role of our youth. I salute them.
“The race is far from over; the campaigning has only just started. Yet I am confident that given their resilience, they will stay the course.”
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