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We must stop recycling old politicians – Moghalu



The biggest bane of any contemporary society is absence of freedom, non-participatory democracy and a populace that are ignorant of the direction of their leaders. Hence, many states embrace democratic governance to enable a robust economy and a progressive society. In such states and nation state, general elections come periodically to throw up new crops of leaders from the masses. But ultimate goals of such states which are social order, peace, unity and economic advance can only be achieved when the masses know the mission and persons of the people who emerge to lead them. The mass media as the vanguard of public enlightenment lives to communicate the values of the leaders to society and vise versa. In keeping heed to that role, National Light newspapers, begins a weekly serialization of interviews, reports and interactions with the political candidates who aspire to get the peoples’ mandate to lead them after the 2019 general elections. Encounter them in pages 15-19:


WHO are you?
My name is Kingsley Chiedu Moghalu. I am from Umuoji in Idemili North Local Government Area of Anambra State. I am running for the Presidency under the platform of Young Progressive Party (YPP). I am a lawyer by profession, a professor in International Business and Public Policy at the Tufts University Fletcher School of Law and Diplomacy. I am the founder of Sogato Strategies LLC and a Senior Adviser of the Official Monetary and Financial Institutions Forum.

I have worked with Central Banking Journal as a Contributing Editor. I am also the founder of the Institute for Governance and Economic Transformation. I have also served as the Deputy Stability and the Director of the Central Bank of Nigeria (CBN) from 2009 to 2014. I led the implementation of reforms to Nigeria’s failing banking sector and also a member of the International Islamic Liquidity Management Corporation and non Executive Director of the Assets Management Corporation of Nigeria.

What’s the priority of Nigerians and your major campaign promise to them?
With love for our country and a fierce commitment to a vision of rapid progress for our more than 180 million citizens, and following wide-ranging consultations, I offer myself to serve them as President of the Federal Republic of Nigeria as from May 29, 2019. I therefore intend to be a candidate in the 2019 presidential election. I seek the opportunity to offer our country visionary, purposeful, competent leadership to build our future.

Nearly 60 years ago, our founding fathers, Dr.Nnamdi Azikiwe, Sir Ahmadu Bello and Chief Obafemi Awolowo envisioned a great country that would take its pride of place in the world based on the talents of its citizens and a constitutional federation that would ensure justice, equity, and economic productivity.

Their vision and hopes have yet to materialize — military rule, oil booms and busts, and the successive leadership failures of our civilian political class have combined to rob us of what seemed our destiny at independence.

I am standing today saying that it is time we shatter the downward spiral to nowhere. I am here, standing with the 110 missing girls of Dapchi and their grieving families, and with the traumatized young women of Chibok, those with us and those still in captivity, with 180 million Nigerians, in addition to thousands of businesses struggling to share a miserly 4000MW of electricity.

I am here today standing with the 100 million Nigerians experiencing crushing poverty, living on less than 300 naira a day, because 33 million of our able men and women are unemployed or underemployed, nearly 15 million children are out of school, and only 60% of Nigerians are literate, 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. The government has failed in its very first duty of securing our lives as citizens, and we have lost our place in the world. The time has come for us to fix this.

We are collectively exhausted by these politicians who continually fall in and out of alliances with each other and care nothing for the ordinary Nigerian. They aggravate our fears in the hope that we will continue to keep them in power even though offer nothing new.

It is time for a radical change in the political leadership of Nigeria. It is time for a visionary, competent and inclusive leadership that truly cares about our country. It is time for a leadership equipped with the skills, intellect and competence to wage a decisive war against poverty and unemployment. It is time for a Nigeria in which our youth can fulfil their full potential and our daughters can aspire to any opportunity they desire. It is time for a 21st century leader to lead us into a new and different future.

What we need now is a real movement of the people, by the people and, most importantly for the people of Nigeria to move our country forward and break with our troubled past. I offer myself as part of that movement.
We are a nation of great people; as seen by the way Nigerians abroad are thriving. We hear the stories of those who leave home with little more than a hope and a prayer, change the world abroad.

Nigerians have smart, ingenuity, drive, relentlessness, vision, and sheer force of will. We must be able to harness our strengths and make them work for us here at home.

My fellow Nigerians, to quote the immortal words of the late US President, John F. Kennedy, politics is too important to be left to the politicians. We must ask our government hard questions about the promises they made about our security, about power, about civil aviation, about healthcare, about women’s rights.

The world is changing. Time and tide have in several countries swept away old orders and brought in new, more dynamic ones. Nigeria must not remain stuck in its past. We, you and I, can do it for our country too.

We need to modernize, and quickly. For instance, we know that women in leadership and in government can accelerate growth for any economy, yet only 6% of our legislatures are women. There are many, many competent, smart women who are more than ready to dig in and work together to rescue this country. We must draw them out and ensure that their voices are heard.

We must stop recycling failed politicians and regenerate our leadership ranks with competent and experienced young men or women. Youth who have prepared themselves with the relevant qualifications must take over the mantle of leadership because this struggle is about the future of Nigeria, not its past.

The battle to reorient Nigeria into a strong, capable country requires competence, capacity, and character. And as a citizen who aspires to be President, I possess all three.

If it is about competence; my work as a Deputy Governor of the Central Bank of Nigeria who played a leadership role in rescuing and stabilizing the Nigerian banking system after the global financial crisis speaks for itself.
If it is about capacity, my work in the United Nations reconstructing countries torn by civil war or reforming the internal workings of the world body is there for everyone to see.

If it is about character, well, talk to my colleagues, mentors, friends, and of course, my family and listen to what they have to say. Strong, knowledgeable guidance is needed as Nigeria navigates these difficult waters, and I offer myself for service with a solid track record of leadership.

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.

Is this your first chance?
Yes, it is.

What’s your message to Nigerians?
Together, we can choose a new path. Together, we can set a bold agenda. Together, we can deliver for ourselves a different outcome.

Nigeria will achieve greatness.
We shall seek to build a formidable coalition of parties for the presidential election that together will represent a clear and credible alternative to the failed political leadership class that has enthroned corruption and incompetence in the governance of our country. It is important that we begin to focus more closely on the individuals seeking elective office in our country and their qualifications in terms of character, competence, capacity, and track record.

We have traditionally focused platforms and structures that, though a necessary part of the democratic process, in our national experience have mainly delivered the wrong candidates. Naturally, those candidates have gone on to be failed leaders. It is good candidates that will create credible political parties. Visionless parties cannot produce the best candidates.

My vision for our country is set out in my new book BIG (Build, Innovate, Grow) which was released last year. In summary, however, the agenda of a government under my leadership includes the following:

Leadership and Governance: Compose a world-class, first eleven team based on merit and inclusive governance to drive government policy. We will be ready on Day One. The appointment of all senior officials of the Presidency will be announced within 48 hours. My government will enthrone evidence-based public policy, strategy and risk management as tools of effective and modern governance.

Establish and propagate through the educational system a foundational philosophical worldview for the Nigerian state, around which all Nigerians will unite in a common purpose
Nation-building: Lead a consultative political process, in cooperation with the National Assembly, to achieve a constitutional restructuring of Nigeria and return our country to true federalism for stability and prosperity by 2021.

Implement a 50:50 gender parity policy in all political appointments — nearly double the ratio recommended by the National Gender Policy of 2008.

Establish and implement a Diaspora engagement and return policy and strategy as a new, fundamental component of our national quest for development as has been the case in China, India and Israel. My government will build the Diaspora
Commission approved by the National Assembly into an effective, world-class institution to accomplish this important agenda.

Fundamental overhaul of the Nigerian Police Force that will emphasize training, equipment, and boosting the strength of the force by recruiting at least 1.5 million policemen and women, up from the grossly inadequate present force strength of 350,000.
Economy: Establish an innovation-led economy, with intellectual property and commercialization of local innovation as its bedrock.

Establish a Venture Capital Fund with a minimum of N500 billion as a public-private partnership to invest in the creation of new businesses by presently unemployed youth in Nigeria; the new businesses created with support from this fund will in turn create new jobs. The fund will be managed by private sector partners while the federal government of Nigeria will be a core investor.

Reform energy policy to create an enabling environment for Nigerian households to be powered by renewable energy while industrial zones are served by gas and hydro-powered energy.

Fundamental reform of Nigeria’s healthcare system to assure quality healthcare for Nigerian citizens and remove the need for medical tourism abroad. Healthcare will have 15 per cent of Nigeria’s budget in line with the Abuja Declaration of the African Union in 2001. A world-class hospital will be established in each of the six geopolitical zones at a federal university teaching hospital.

Fundamental reform of Nigeria’s education system to create skills and human capital that will drive Nigeria’s industrialization and job creation. Education will be allocated 20 per cent of the federal government budget, with a progressive increase to 30 per cent over eight years.



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