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Nigeria’s elite use power against common interest, says Moghalu


Kingsley Moghalu

Former deputy governor of the Central Bank of Nigeria (CBN), Prof. Kingsley Moghalu, has said that Nigeria’s ruling elite use power against the collective interest of citizens. The 2019 presidential aspirant on the platform of Young Progressives Party (YPP) stated this in Calabar, Cross River State, during a town hall meeting to declare his intention to the race to Aso Villa.

Describing the elite as hegemons, the political economist said they continually perpetuate political fraud against the country.He said: “Political power in Nigeria is a game that is played by tribal hegemons. They are all seeking hegemony on behalf of their tribes. This is political ‘419’ (fraud).

“These politicians that we must retire in 2019 are only out for one thing, which their stomach is. They believe that they own Nigeria, they and their children. They use ethnicity and religion; but when they get the power, even the members of their ethnic group and religion do not fare better. So they use us to get to power for their selfish purpose.”
According to the lawyer and former United Nations official, Nigeria is not yet a nation.

“We can only become great when we become a real nation. Nation building is a process of creating a national identity using the power of the state, hence the first task that faces this country is nation building and this is one of the cardinal programmes of YPP.

“For a leader to build a nation, we must rise above the things that limit us. When our worldview is determined by ethnicity, then we cannot build Nigeria; we become part of the problem rather than the solution. This is why our identity is first and foremost the political identity of citizenship of the Federal Republic of Nigeria,” he asserted.The professor of Practice in International Business and Public Policy at The Fletcher School of Law and Diplomacy, Tufts University, promised to provide leadership beyond politics.

Part of his plans for massive youth employment is the establishment of N1 trillion venture capital fund for enterprising youths in the country, he disclosed.The presidential hopeful added that from the next dispensation, Nigerians should have leaders who understand economics because a leader who does not understand an economy cannot create jobs.

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Kingsley Moghalu
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