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Tuesday, January 31, 2023

I’ll eliminate corruption – Tinubu –

The All Progressive Congress (APC) presidential candidate Asiwaju Bola Tinubu assured on Thursday that his government, if elected, would not scare off investors but fight and eradicate corruption.

He also said that Nigeria, as a country, is capable of building its own refinery.

Tinubu made this point during a consultation forum with the Federation of Nigerian Construction Industries (FOCI) in Abuja.

His words: “We don’t want to scare away today’s and tomorrow’s investors, but we assure you that we will eliminate corruption. Partly because we also look at ourselves? Not just enforcement, but also to reduce the propensity for corruption.”

According to him, his mission is to better position Nigeria as a prosperous nation for the next generation, which he said is essential to achieve sustainable security.

“There’s a lot we have to see, but our destination is a prosperous, better Nigeria, not for me personally, but for our children and their children. If we don’t invest in the future of these children, And taking your own children abroad for a better education and ignoring the children of the poor, the result is the form of insecurity we see today. They are a threat to your own investment,” he said.

The former governor of Lagos State also highlighted the need for a CCB to provide long-term loan guarantees to players in the industry.

He said: “We will look at the issue of China Construction Bank, you are the ones who subscribed to it, we can only support its policy in time as the government.

“What’s wrong with the long-term financing facility? Is it because we don’t have a 30-year bond facility because of insufficient reserves?

“If you have a 30-year bond, you already have a bank, but if you integrate it into the system, anyone in the construction industry will recognize that we need long-term funding.”

“Why isn’t the market trading on this long-term instrument? Get assurance from me because I know I’m not a sell everything sir. My party symbol is a broom. Sweep clean for the good of society.”

The APC presidential candidate lamented that the Federal Mortgage Bank of Nigeria (FMBN) has been like this since he grew up, stressing that the bank has not been able to dynamically innovate or even create a secondary market in the real estate sector.

He added: “Changing the bottlenecks in construction, the bidding process, transparency. I know you’ve noticed so much change since Fashola took over, when he was chief of staff in Lagos and I was governor, we did it together some of these things.”

Tinubu reiterated his determination to ensure the safety of life and property.

“There’s a lot we have to see, but our destination is a prosperous, better Nigeria, not for me personally, but for our children and their children. If we don’t invest in the future of these children, And taking your own children abroad for a better education and ignoring the children of the poor, the result is the form of insecurity we see today. They are a threat to your own investment,” he added.

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