A key chieftain of the All Progressives Congress (APC) from Enugu State Mr Osita Okechukwu yesterday expressed the readiness of the new party to establish five development banks to drive the country's economy if voted to power in 2015.
Okechukwu, in an address which he presented at World Igbo Congress (WIC) which held at Airport Sheraton, Dallas, the United States of America (USA), said the APC is the only progressive party in Nigeria, anchored on the fine tenets of social democracy, socio-economic-rights and the imperative to invest public funds in development of critical infrastructure.
In the address which he presented on behalf of the party and forwarded to Weekly Trust, he said, "The gross unemployment in the country is tangential to high interest rate that hovers around 20%, which makes it impossible for industrialists to borrow. Importers mostly patronize the banks, more than the real sector, because of prohibitive interest rate."
The APC chieftain, who said he and other Igbos joined the new party to return their people to original abode, reasoned that the interest of Ndigbo will be best served under a corrupt free state, based on hard work, competition and enterprise.