Peter Obi says he will stop monthly sharing formula and start production formula if elected president

Peter Obi says he will stop monthly sharing formula and start production formula if elected president

Nairametrics

A presidential aspirant under the Peoples Democratic Party (PDP) platform, Peter Obi, says that if voted in as president of Nigeria, he will stop the usual monthly revenue allocation sharing formula and replace it with a production formula.

This was made known by Peter Obi, while addressing delegates of the PDP in Calabar in preparation for the party’s forthcoming presidential primary on May 28 and May 29.

Obi who is an industrialist and former governor of Anambra State said it was important for everybody to be productive if the nation must survive adding that other countries across the world were busy producing while Nigeria was busy sharing and consuming.

What the presidential aspirant is saying

According to NAN, Obi said it was not a time to dance and celebrate as a nation but a time to work and fix the nation badly battered because of our celebration of the wrong things.

He said, “Nigeria is a nation of over 200 million people with about 100 million living in poverty, over 18 million out of school children out of which about 10 million are girls.

“We have 35 per cent unemployment rate and if we add underemployment it will rise to over 50 per cent, many of which are youths in their productive age, so we cannot be celebrat…

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