Ex-CBN Boss, Moghalu, Formally Declares For President

The ranks of individuals who are interested in replacing the incumbent President, Muhammadu Buhari continue to swell, as yet another aspirant, a former Deputy Governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu indicates interest.
The candidate officially declared his intention to vie for the much coveted office on Wednesday at a press conference which held at the Shehu Musa Yar’Adua Centre, Abuja.
Moghalu, stating his reasons for contesting, 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”.
Reeling out his vision, as contained in his recently launched book, ‘Build, Innovate and Grow: My Vision for Our Country’, Moghalu said he is taking a stand to unify Nigeria beyond ethnicity and put the country on the path to progress.
The political economist, who also is a lawyer, stated that he would, from day one, hit the ground running, and announce members of his cabinet in 48 hours, should he emerge the number one citizen of the country but didn’t mention on which political party platform he would stand for the election.
“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.
“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.
“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.
“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.”
The former UN official, 54, was born in Lagos State, South-west of Nigeria. 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.