Thursday, January 10, 2019 05.20PM / Ottoabasi Abasiekong for Proshare WebTV
Young Progressives Party Presidential Candidate, Professor Kingsley Moghalu, has said he will drive an innovative and productive Nigerian economy, if elected into office in 2019.
Moghalu shared his thoughts at a 2019 Presidential elections town hall meeting anchored by ace journalist Kadaria Ahmed in Abuja.
fielding questions alongside his running mate Mrs Umma Getso, Moghalu said that part of the focus of his administration will be lifting millions of Nigerians out of structural poverty.
The former Deputy Governor of the Central Bank of Nigeria (CBN) said he will abolish petroleum subsidy and channel the revenue saved to a N500bn Venture Capital fund designed to boost entrepreneurship and create jobs.
Moghalu reemphasised that the economic plan of his YPP party is anchored on “Build, Innovate and Grow” (B.I.G) which will attract real-time venture capital investments that will transform the economy.
He noted that the ongoing Social Intervention Programme of the All Progressives Congress Party, will be reworked to focus on a productive entrepreneurship programmes that will address unemployment and poverty.
In terms of fiscal plans like the annual budgets, Moghalu said his government will work towards a 50% recurrent and 50% capital expenditure plan.
On the “Restructuring” discourse Moghalu stressed that his focus will be fiscal federalism.
When asked about his election campaign funds and how much has been spent, Moghalu gave an estimate of over N200million emphasizing that the sources of the funds are credible.
Responding to the question of declaring assets if elected as President, Moghalu said he will follow what is applicable to the laws of the nation.
He believed under his leadership Nigerian inventors and the digital economic ecosystem will receive a boost, and also contribute immensely to the nation’s economic growth.