Peter Obi, the Labour Party’s (LP) presidential candidate, has stated that if elected president in the upcoming general elections, he intends to transform Nigeria from a consumption to a production country.
Obi stated that he plans to plant millions of economic trees across the country for local use, poverty alleviation, export, and money generating.
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On Monday, the LP candidate said this at Chatham House in London, United Kingdom, adding that his government would operate a production-centered economy fueled by an agrarian revolution and export-oriented industrialisation.
The former Anambra State governor also promised to dredge both the Niger and Benue rivers, build dams, and invest in agro-cluster and industrial cluster development across Nigeria’s geo-resource zones to capitalize on agglomeration and scale effects, particularly in Nigeria’s North-West, North-East, and North-Central regions.
He said, “The second plank of my policy thrust is to “shift emphasis from consumption to production by running a production-centered economy that is driven by an agrarian revolution and export-oriented industrialisation”.
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“With about 70 million hectares of arable land, we will pursue an agricultural revolution through proper segmentation of Nigeria to activate and harness the factor endowments of different parts of the country for both rapid and mechanised agricultural development and as a pillar for Nigeria’s other sectoral development and industrialization.
“We will incentivise and invest in agro-cluster and industrial cluster development across our geo-resource zones to take advantage of agglomeration and scale effects particularly in North-West, North-East and North-Central regions of Nigeria.
“We will dredge both Rivers Niger and Benue, build dams and massively support the planting of economic trees across the country for local usage, poverty elimination, export and revenue generation.”
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