The Labour Party’s presidential candidate, Peter Obi, announced that, if elected in the February 23 presidential election, he will reduce the cost of governance. Speaking at the Nigerian Economic Summit Group, he shared the pledge on his official Twitter account on Monday.
Obi said his administration will work with the Central Bank of Nigeria to bring “ways and means” within legal limits and to create a more transparent, liberalised foreign‑exchange market. He also promised a robust implementation programme overseen by the Office of the President, and pledged to engage Nigeria’s creditors for debt restructuring and possible cancellation.
Furthermore, Obi committed to adopting a zero‑based national budget to break the cycle of past non‑performing budgets and persistent deficit overhangs. He added that all security agencies, as well as the EFCC and ICPC, will be strengthened to support a determined effort to fight and significantly reduce corruption.
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