Peter Obi, presidential candidate of Labour Party in Nigeria’s 2023 presidential election, says he will not stop saving if elected president of the world’s largest black nation on earth.
Obi was questioned after speaking at Chatham House, London on Monday to unveil his plan for Nigeria. He is aspiring to become Nigeria’s president under a little-known Labour Party.
Responding to accusation that he is stingy, the man with a still-small voice, says people don’t know what they are talking about.
He argues that at the heart of poverty is capital formation and that one cannot talk about capital formation without savings.
“Even in the most developed world, which is why I said Japan holds highest amount of US treasury, capital formation is at the heart of poverty, without capital formation, there will be low productivity, low income and you produce poverty all over the place.
“What I was doing as governor, I was the best governor in Millennium Development Goals by the UNDP. I won a prize for the longest road network. I won the Gate prize on health back to back. You can go and see what I did in health, built from scratch teaching hospitals and everything, improve as number one in education.
“And above all, I was able to save because I believe in future generation, because we want to have proper capital formation to drive tomorrow. If I have opportunity in Nigeria, no matter what we do, we will do the same thing, we must save for tomorrow,” he says.
