Restructuring will end insecurity, boost Nigeria’s economy, Says Peter Obi

A former Governor of Anambra State, Peter Obi has said that restructuring will boost Nigeria’s economy and end insecurity.

Obi disclosed this on Tuesday at the fourth Adada Public Lecture organised by the Association of Nsukka Professors (ANP) at the University of Nigeria, Nsukka (UNN).

The former Vice Presidential Candidate of the Peoples Democratic Party in 2019 said with restructuring, governors would look inward to make their states industrious.

According to him, state, local and community police would be set up to tackle criminality within their areas.

Obi said, “It’s unfortunate that some governors believe in going to Abuja monthly to get federal allocation from proceeds of oil.

Restructuring will boost Nigeria's economy, end insecurity – Obi

“They’ve forgotten the price of oil in the international market has depreciated and will continue to depreciate.

“No developed country in the world depends on crude oil, but they invest in their children, agriculture and encourage small and medium enterprises by giving out soft loans and other incentives.

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“There’s an urgent need to restructure the country for the economy to grow to the desired level.

“Rather, it should be seen as a move to build the ailing economy and restore adequate security in the country.

“Restructuring the country will bring out the comparative advantage of every state, and our natural resources that are lying waste will be fully harnessed to boost the state economy.”


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