Moghalu: ‘I will create two million jobs yearly if elected president’
We need your support to produce excellent journalism at all times.
YOUNG Peoples Party, (YPP) Presidential candidate Kingsley Moghalu pledges to create two million jobs yearly if elected into the office.
He made this known on Wednesday in Abuja at a town hall meeting organised by the Nigeria Television Authority (NTA) and Daria Media with support from the MacArthur Foundation.
The town hall meeting tagged, “The Candidates“ is a two-hour televised series featuring the presidential and vice presidential candidates of four leading political parties.
If elected as the next president on Feb. 16, he promised to drive the economy with innovations by encouraging innovations and growth of small businesses.
The YPP presidential candidate said his administration would put the fund into a productive capital venture that would create and allow people to run their businesses within six months of assuming office.
“We are practising capitalism without capital, so I would propose a 1 trillion naira venture capitalist fund that will trigger a productive and innovative economy to create jobs which are aimed at youths, especially those who are unemployed with bright ideas,” he said.
“It’s not going to take more than six to seven months to set up and after a year or two, you will begin to see the massive impact this project will create.
“It is estimated that three million Nigerians enter the labour market every year but with this fund, we estimate that between one million to two million jobs will be created every year. This is not a loan but an investment fund that will provide a chain of small businesses that will reduce unemployment on a large scale,” he said.
He said his party would ensure that the current N500 billion social intervention fund was effectively used to improve the lots of Nigerians.
Moghalu affirmed that the time to economically transform the country had come, but that the challenges of the 24th century Nigeria needed a vibrant leadership to address them.
The parties were selected from the results of multiple polls aggregated by the Centre for Democracy and Development.
Moghalu, who is venturing into politics for the first time, is a former Deputy Governor of the Central Bank of Nigeria (CBN).
The YPP presidential candidate said he would guarantee wealth and job creation in the country.
According to the organisers of the town hall series, President Buhari and his running mate, Vice President Osinbajo would feature on the programme on Jan. 16, while Omoyele Sowore and his running mate, Rabiu Rufai, would feature on Jan. 23.
While, Atiku Abubakar and his running mate, Peter Obi, are slated to feature on the programme on Jan. 30.
The platform provided an opportunity for the studio audience, which included civil society organisations, diplomatic corps and members of the general public who had applied online, to directly interact with the presidential candidate and his running mate.