ENUGU – PEOPLES Democratic Party, PDP, Vice presidential candidate, Mr. Peter Obi, on Tuesday, lampooned the anti-corruption policy of the President Mohammadu Buhari-led federal government, saying the country has receded in attempt to frighten and muscle the opposition with anti-graft campaign.
Obi spoke at the 3rd South East Economic Summit with the theme, “South East Nigeria: An Investment Destination.”
He gave an instance that when peoples’ businesses that employ thousands of people and which render crucial services to the society are shut down in guise that they were established through corrupt means, the nation would lose more than the value of the looted money, if any.
He blamed the nation’s poverty on over dependence on oil revenue to the detriment of other resources, arguing that oil has become a declining asset which many nations are dumping.
Obi gave the example of Venezuela, which he noted has the largest deposit of oil in the world, with 23 million population but is economically a failed nation because it failed to adopt modern economic model like developed countries that run knowledge-based economy.
