A former Deputy Governor of the Central Bank of
Nigeria, Kingsley Moghalu, has officially declared to run for the
president of Nigeria in the 2019 election.
Mr. Moghalu, who announced this on Wednesday in a press
conference at the Shehu Musa Yar’Adua Centre, Abuja, said a
combination of military rule, oil booms and busts, and successive
leadership failures of the political class have robbed the country
“of what seemed our destiny at independence”.
Mr. Moghalu, 54, was born in Lagos State, South-west of
Nigeria.
He is a political economist, lawyer, and former United Nations
official.
He is a professor and a Distinguished Non-Resident Fellow at the
Fletcher School of Law and Diplomacy at Tufts University,
Massachusetts, United States.
He served as Chairman, Boards of Directors of the Nigerian
Export-Import Bank (NEXIM) and the Financial Institutions Training
Centre, and is the founder and President of the Institute for
Governance and Economic Transformation (IGET), a new think tank
based in Abuja.
Mr. Moghalu didn’t, however, mention which on political party he
would stand for the election. Nigeria’s current electoral law does
not allow for independent candidacy.
“My focus, for now, is the people of Nigeria and not on party
platforms that have in the past been mere vehicles for capturing
political power,” he said in his declaration speech.
Kingsley Moghalu
“While I have been approached by a number of political parties,
the movement that I am part of will decide which one we will join,”
he said, adding that such “decision will be based on commonality of
vision and the imperative of a generational shift in leadership,
and we will announce this decision in the coming weeks.”
Mr. Moghalu said, “I am standing here today saying that it is
time we shatter the downward spiral to nowhere.
“I am here today, standing with the 110 missing girls of Dapchi
and their grieving family, and with the traumatised young women of
Chibok, those with us and those still in captivity.
“I am here today standing with 180 million Nigerians, in
addition to thousands of businesses struggling to share a measly
4000MW of electricity.
“I am here today standing with the 100 million Nigerians
experiencing crushing poverty, living on less than 300 naira a
day.
“I am here today because 33 million of our able men and women
are unemployed or underemployed, nearly 15 million children are out
of school, and only 60 per cent of Nigerians are literate.
“I am here today because our hospitals are understaffed and
mismanaged death traps, and women are still subject to horrific
prejudices and devastating early marriages.
“I am taking this stand, here and now, because Nigeria today is
divided by ethnic and religious conflicts, made worse by
corruption,” he said.
The former CBN chief said the Nigerian government has failed to
secure the lives of citizens, and that Nigeria has lost its place
in the world. “The time has come for us to fix this,” he said.
He said Nigerians are “collectively exhausted by politicians who
continually fall in and out of alliances with each other and care
nothing for the ordinary Nigerian.
“They aggravate our fears in the hope that we will continue to
keep them in power even though offer nothing new.”
He described Nigeria as a nation of great people, and said what
the country needed most now is “a real movement of the people, by
the people and, most importantly for the people of Nigeria to move
our country forward and break with our troubled past”.
Mr. Moghalu said he has the competence, capacity, and character
to lead Nigeria and make it become a strong nation.
He said his colleagues, mentors, friends, and family could vouch
for his characters.
“I’m not here to tell you that there are quick, easy solutions
to our nation’s problems. Far from it. Decades of economic and
leadership mismanagement cannot be undone in a few short weeks or
months. Things will be difficult and painful choices will have to
be collectively made.
“What I am here to tell you is that: together, we can choose a
new path. Together, we can set a bold agenda. Together, we can
deliver for ourselves a different outcome.”
Kingsley Moghalu
Mr. Moghalu said if elected president he will restructure
Nigeria and return the country to true federalism by 2021, as well
as reform the country’s police, healthcare, education, and the
energy sector.
Besides Mr. Moghalu, another notable aspirant that has expressed
his intention to lead Nigeria in 2019 is Atiku Abubakar, a former
vice president of the country, who recently resigned from the
ruling All Progressives Congress, APC, and returned to his former
party, the Peoples Democratic Party, PDP.
President Muhammadu Buhari is expected to seek re-election on
the APC platform, although he is yet to announce it.
A former Deputy Governor of the Central Bank of
Nigeria, Kingsley Moghalu, has officially declared to run for the
president of Nigeria in the 2019 election.
Mr. Moghalu, who announced this on Wednesday in a press
conference at the Shehu Musa Yar’Adua Centre, Abuja, said a
combination of military rule, oil booms and busts, and successive
leadership failures of the political class have robbed the country
“of what seemed our destiny at independence”.
Mr. Moghalu, 54, was born in Lagos State, South-west of
Nigeria.
He is a political economist, lawyer, and former United Nations
official.
He is a professor and a Distinguished Non-Resident Fellow at the
Fletcher School of Law and Diplomacy at Tufts University,
Massachusetts, United States.
He served as Chairman, Boards of Directors of the Nigerian
Export-Import Bank (NEXIM) and the Financial Institutions Training
Centre, and is the founder and President of the Institute for
Governance and Economic Transformation (IGET), a new think tank
based in Abuja.
Mr. Moghalu didn’t, however, mention which on political party he
would stand for the election. Nigeria’s current electoral law does
not allow for independent candidacy.
“My focus, for now, is the people of Nigeria and not on party
platforms that have in the past been mere vehicles for capturing
political power,” he said in his declaration speech.
Kingsley Moghalu
“While I have been approached by a number of political parties,
the movement that I am part of will decide which one we will join,”
he said, adding that such “decision will be based on commonality of
vision and the imperative of a generational shift in leadership,
and we will announce this decision in the coming weeks.”
Mr. Moghalu said, “I am standing here today saying that it is
time we shatter the downward spiral to nowhere.
“I am here today, standing with the 110 missing girls of Dapchi
and their grieving family, and with the traumatised young women of
Chibok, those with us and those still in captivity.
“I am here today standing with 180 million Nigerians, in
addition to thousands of businesses struggling to share a measly
4000MW of electricity.
“I am here today standing with the 100 million Nigerians
experiencing crushing poverty, living on less than 300 naira a
day.
“I am here today because 33 million of our able men and women
are unemployed or underemployed, nearly 15 million children are out
of school, and only 60 per cent of Nigerians are literate.
“I am here today because our hospitals are understaffed and
mismanaged death traps, and women are still subject to horrific
prejudices and devastating early marriages.
“I am taking this stand, here and now, because Nigeria today is
divided by ethnic and religious conflicts, made worse by
corruption,” he said.
The former CBN chief said the Nigerian government has failed to
secure the lives of citizens, and that Nigeria has lost its place
in the world. “The time has come for us to fix this,” he said.
He said Nigerians are “collectively exhausted by politicians who
continually fall in and out of alliances with each other and care
nothing for the ordinary Nigerian.
“They aggravate our fears in the hope that we will continue to
keep them in power even though offer nothing new.”
He described Nigeria as a nation of great people, and said what
the country needed most now is “a real movement of the people, by
the people and, most importantly for the people of Nigeria to move
our country forward and break with our troubled past”.
Mr. Moghalu said he has the competence, capacity, and character
to lead Nigeria and make it become a strong nation.
He said his colleagues, mentors, friends, and family could vouch
for his characters.
“I’m not here to tell you that there are quick, easy solutions
to our nation’s problems. Far from it. Decades of economic and
leadership mismanagement cannot be undone in a few short weeks or
months. Things will be difficult and painful choices will have to
be collectively made.
“What I am here to tell you is that: together, we can choose a
new path. Together, we can set a bold agenda. Together, we can
deliver for ourselves a different outcome.”
Kingsley Moghalu
Mr. Moghalu said if elected president he will restructure
Nigeria and return the country to true federalism by 2021, as well
as reform the country’s police, healthcare, education, and the
energy sector.
Besides Mr. Moghalu, another notable aspirant that has expressed
his intention to lead Nigeria in 2019 is Atiku Abubakar, a former
vice president of the country, who recently resigned from the
ruling All Progressives Congress, APC, and returned to his former
party, the Peoples Democratic Party, PDP.
President Muhammadu Buhari is expected to seek re-election on
the APC platform, although he is yet to announce it.
Read more https://nairalaw.com/2019-ex-cbn-chief-formally-declares-for-president/