Nigeria: Moghalu Foresees Victory in 2019 Presidential Election

Kingsley Moghalu.

Presidential hopeful and former Deputy Governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu, has said that he intends to win the 2019 election.

He said the trend was shifting globally and Nigeria would not be an exception, insisting that what happened in America with the emergence of Barrack Obama and Emmanuel Macron of France, among others, were signs that it could happen in the country.

Moghalu spoke yesterday at the 2018 Bullion Lecture, organised by the Centre for Financial Journalism in Lagos with the theme: The Wealth Of Nations And The Imperative Of Economic Transformation.

He said he was not bothered about the norms and tradition in the country, insisting that the status quo has not helped anybody.

"Nigeria currently needs a thinking leader, who can mitigate the current stress in the country to a greater extent.

He, however, did not disclose the political platform under which he hoped to run, saying building a new Nigeria should be anchored on justice, equity and the rule of law.

Moghalu restated that the country needed a leader who could think and move the economy forward, adding that his ultimate vision for Nigeria's economy was one driven by innovation.

To move the country forward, Moghalu noted that there was the need for the constitutional repeal of the Land Use Act that trapped the wealth of Nigeria's citizens in the hands of state bureaucracy.

He also advocated the scrapping the Nigerian National Petroleum Corporation (NNPC); deregulation of the downstream petroleum sector and the need to avoid borrowing, which has put the country back into a debt trap that would weigh down the future generations of Nigeria.

Chairman of the event, Biyi Durojaiye, said Nigerians were impatient and unwilling to tap the abundant resources God gave the country.

Durojaiye, who is Chairman of the Nigerian Communications Commission (NCC), said the people usually blame the government for the challenges in the country, saying: "We as a people are not responsive to our leaders, but we also contribute to their failures."

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