2nd May, 2022
Stanley Osifo said he is the best man to succeed President Muhammadu Buhari because he has the capacity to solve health, security, and power challenges in the country.
The presidential aspirant on the platform of the All Progressives Congress said as a young person, he will tackle the challenges with tact, firmness, and sincerity of purpose.
He pledged to build new refineries and tackle national debts if elected president in 2023.
Osifo said this in a statement he issued on Monday in Lagos.
He said: “The Nigerian economy has witnessed calculated and orchestrated attacks for many years now. I have researched and observed that Nigeria is getting poorer day by day.
“The huge debt burden on Nigeria is an issue that needs to be addressed. It seems to be on the rise.”
The aspirant, who decried the huge amount of money being spent on subsidizing fuel, said such must be addressed to revamp the nation’s economy.
According to him, funding such subsidies has not only made the nation to be vulnerable to excessive borrowing but also affected the execution of impactful projects in the country.
“We could deduce that the wealth and prosperity of Nigeria and Nigerians are taken out and given to other countries on a minute-by-minute basis.
“This is through subsidy provisions that do not have a contributory effect on our nation’s economic output.
“It depletes our foreign reserves, employment capability, NNP & GDP, piles pressure on government resources which are very meager and destabilizes our economy and economic plans.
“One way to reverse this backward trend and return wealth, prosperity, employment upscaling, economic revamp and national development is to build brand new refineries in the zones in Nigeria.
“The existing moribund refineries that have become conduit pipes for siphoning the nation’s scarce financial resources would be sold to interested parties.
“When we have new refineries, Nigeria will become self-sufficient in the production of all derivatives of petroleum products,” Osifo, also a 2019 presidential aspirant of PDP, said.
The aspirant said that the huge amount of money being spent on the importation of derivatives of petroleum products would be saved.
He said that such would be channeled to developing and introducing new economic paradigms that would impact positively on Nigerians in terms of productivity and massive employment opportunities.
“This action shall change the current situation and result in wealth creation. This will in turn make Nigerians prosper,” he added.
Osifo said that he had designed plans to drive contemporary scientific, technological and digital platforms in economic recovery and development that would yield wealth for Nigerians.
According to him, innovations that developed and developing countries have adopted to shore up their internal and external revenues will be put in place to generate funds.
He said: “Agro business has one of the largest value-chain wealth resources. I plan to reactivate and support new farm settlements across Nigeria.
“Mining of resources is one area I will standardize for the prosperity of Nigerians.”
He promised to guide and guard against any form of wastage of economic resources and ensure the reduction of government expenditure.
Osifo said that he was contesting for the Presidential ticket for the second time in order to provide welfare, and prosperity and ensure security for Nigerians both at home and abroad.