Chatham House: Peter Obi Proffers Solution to Nigeria’s Multifaceted Challenges in Crucial Speech

Peter Obi, Labour Party presidential candidate, vows to tackle Nigeria’s multifaceted challenges and promote foreign investments in crucial Chatham House speech on Monday, 16 January 2023.

The presidential candidate of the Labour Party (LP), Peter Obi, has outlined his plans to tackle Nigeria’s multifarious challenges, including oil theft, debt servicing, secessionist agitation, youth unemployment, electricity problems, and insecurity, among others.

Speaking at the Chatham House policy institute and think-tank forum in the United Kingdom, Obi, a former governor of Anambra State, vowed to dismantle the “structure” of criminality that has impoverished Nigeria if elected next month.

Obi pledged to fight and end public corruption, citing his record as a governor who did not owe salaries, gratuities or pensions after leaving office.

He also stated that he would provide an enabling business environment that would attract foreign investment and restructure the country’s debt to pay for investment rather than consumption.

The LP candidate also promised to turn around the power sector and increase Nigeria’s power generation capacity from 4,000 megawatts to 7,000 megawatts by the end of 2023, and increase it to 11,000 and 25,000 megawatts by 2024 and 2025 respectively.

Additionally, Obi stated that he would tackle youth unemployment by investing in education, research, and quality entrepreneurial education, incorporating compulsory technical and vocational skills, sports, entrepreneurship programming, and digital skills from primary to secondary school level, and remodeling tertiary institutions to serve as hubs of research development and commercialization.

In addressing insecurity, Obi stated that there would be no sacred cows and that as long as thousands of Nigerians are in Internally Displaced Persons camps, all Nigerians are affected.

He also highlighted that Nigeria’s arable lands could be a cash cow, providing millions of jobs for millions of unemployed youths.