Flingpord

  The presidential candidate of the Labour Party, Peter Obi, has explained his consumption to production theory, which is the punchline for his presidential campaign. In a statement made available to  The PUNCH  on Wednesday, Obi said federal borrowing for consumption must stop and be channeled into regenerative projects adding that if elected, his administration would reduce the cost of governance in the country. He further added that the country must look beyond oil and look forward to growth-enabling entrepreneurship by expanding physical infrastructure through market-driven reforms. Obi said, “We therefore intend to leapfrog Nigeria from oil to the Fourth Industrial Revolution by expanding physical infrastructure through market-driven reforms that will unleash growth-enabling entrepreneurship and market-creating innovations. “We shall pursue a drastic reduction in cost of governance and corruption, improve ease of doing business to attract Foreign Direct Investment to...