Fighting Corruption Is Not an Economic Policy, Says Peter Obi






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The vice presidential candidate of the Peoples Democratic Party (PDP), Mr. Peter Obi, has advised that fighting corruption should not be regarded as an economic policy, arguing that once strong institutions are built, it will automatically put a stop to corruption.

Obi stated this on Wednesday in Enugu at the third South East Economic Summit with the theme ‘South East Nigeria: the Investment Destination’.


The former governor of Anambra State, who was emphatic that the new economic order is knowledge-based, called on Southeast and the entire Nigeria to follow the new order and take the world by storm. He said this could principally be achieved through attention to education.



According to him, "We have the talent here. All intellectually endowed and resourceful people of all ages should rise to the occasion. We're all hoping that things will change and the requisite infrastructure put in place, especially in support of education."



Drawing some characteristic comparisons, Obi informed his audience that Venezuela with the biggest deposit of oil in the world is presently in economic crisis. 

He added that the state of California without oil is the richest American state instead of Texas that is floating on oil. He therefore concluded that it is not about mineral deposits, but about developing sound human resources that will utilise the abundant intellectual capital in the country.



The event, which was well attended, was chaired by the MTN Chairman, Dr. Paschal Dozie.

Others were Bishop Dr. Sunday N. Onuoha, the Chairman of SEREDEC, Prof Barth Nnaji; Dr. Wallis Farghal, Prof Ogonogo Okeke-Uzodike among others.

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