The founder, Institute for Governance and Economic Transformation (IGET), Prof Kingsley Moghalu, says if elected Nigeria’s president in 2023, he will uphold unity among the Nigerian people, through the communication of a vision of new possibilities and executive actions.
Muoghalu disclosed this on Tuesday, when he met with Comrade Lawrence Onuzulike, the National President of Igbos For United And Progressive Nationhood (IPAN).
Muoghalu who was a former deputy governor of the Central Bank of Nigeria, observed that Nigerian leaders have not been able to properly utilize communication and symbols for nation-building and create unity of purpose among Nigerians.
This he said, has led to maladministration and mismanagement of public funds that have bedevilled Nigeria over the years.
He assured IPAN and Nigerians in general that he will enthrone meritocracy as part of confidence-building actions, geared towards enhancing fairness in public appointments to get the best from every part of Nigeria.
“If I am given the opportunity to lead Nigeria, I will ensure that every Nigerian is treated equally under the rule of law in an impartial manner, unlike what we have today,” he said.
On security and economy, Prof Muoghalu said he will deploy Strategic or Developmental Capitalism to enhance a free market economy where property rights, innovation and access to capital shall be the order of the day.
“We will shift the focus in the area of the capital to venture capital as opposed to credit, with the creation of a N1trillion venture capital fund, to be managed by the private sector.
“This will be with a 49/51% equity split, to fund technical skills acquisition and the establishment of new ventures by our youth.
“The free market is the most guaranteed way to create the wealth of nations, so we will vastly reduce the heavy hand of state intervention in the economy and simply focus on creating an enabling environment for the private sector to effectively play its role,” Muoghalu said.
The economic expert promised to diversify the economy towards complex manufacturing and export and to reform trade and foreign exchange policy to encourage the marketplace with incentives to make this shift.
“Economics and the economy respond to incentives, not to the heavy hand of state control,” he concluded.
