14 February 2018

Nigeria: Ex-CBN Chief, Moghalu to Run for President 2019

Photo: Tami Hultman / AllAfrica
Kingsley Moghalu

Lagos — A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu has announced that he is consulting widely to run for the presidency in 2019.

Moghalu told journalists in Lagos yestrday that time had come for technocrats, intellectuals and experienced people to take power from Nigeria’s career politicians. He said he would not be deterred from joining the race, in spite of speculations that 2023 was the year slated for Igbos to have a shot at the presidency.

Moghalu argued that politics in Nigeria should be detribalised for Africa’s most populous nation to grow and take its rightful place in the comity of nations. “It is the turn of any competent Nigerian to aspire for the post of presidency because career politicians have failed Nigeria,” he said.

He said zoning, which had been used by the major political parties, might have been relevant in the past but that it was no longer necessary because competence should be placed above tribe in present day Nigeria.

“Zoning is an internal arrangement by political parties and was not constitutional. It should no longer matter where the president comes from. Th e future of Nigeria rests in technocratic interventions. We need thinking people that will take Nigeria from the politics of stomach infrastructure to politics of mental infrastructure.”

He said the first part to progress for Nigeria was for the people to begin to think differently and beyond tribe in choosing those who would lead them.

Speaking on a second term for President Muhammadu Buhari, Moghalu said the president had constitutional rights to seek re-election.

“I don’t fathom how anyone can say the president should not run for a second term. It is his choice, the decision on who becomes Nigeria’s president in 2019 rests with Nigerians.‘’

On the nation’s economy, the economist pointed out that “the economy was in a delicate situation before the present administration.

“The handling of the forex crisis though was misguided. The drop in oil prices actually affected the value of our currency but government should have simply allowed the naira to find its true value which would have reduced the inflation rate.”

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