2019: Former CBN Deputy Governor Formally Declares For President
A former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has officially declared to run for the office of President.
Moghalu, who announced this on Wednesday in a press conference at the Shehu Musa Yar’Adua Centre, Abuja, said a combination of military rule, oil booms and busts, and successive leadership failures of the political class have robbed the country “of what seemed our destiny at independence”.
Moghalu didn’t mention the political party he would use to aspire for the highest seat. Nigeria’s current electoral law does not allow for independent candidacy.
Moghalu, 55, was born in Lagos State, South-west of Nigeria.
He is a political economist, lawyer, and former United Nations official.
He is a professor and a Distinguished Non-Resident Fellow at the Fletcher School of Law and Diplomacy at Tufts University, Massachusetts, United States.
He served as Chairman, Boards of Directors of the Nigerian Export-Import Bank (NEXIM) and the Financial Institutions Training Centre, and is the founder and President of the Institute for Governance and Economic Transformation (IGET), a new think tank based in Abuja.
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“My focus, for now, is the people of Nigeria and not on party platforms that have in the past been mere vehicles for capturing political power,” he said in his declaration speech.
“While I have been approached by a number of political parties, the movement that I am part of will decide which one we will join,” he said, adding that such “decision will be based on commonality of vision and the imperative of a generational shift in leadership, and we will announce this decision in the coming weeks.”
Moghalu said, “I am standing here today saying that it is time we shatter the downward spiral to nowhere.
“I am here today, standing with the 110 missing girls of Dapchi and their grieving family, and with the traumatised young women of Chibok, those with us and those still in captivity.
“I am here today standing with 180 million Nigerians, in addition to thousands of businesses struggling to share a measly 4000MW of electricity.
“I am here today standing with the 100 million Nigerians experiencing crushing poverty, living on less than 300 Naira a day.
“I am here today because 33 million of our able men and women are unemployed or underemployed, nearly 15 million children are out of school, and only 60 per cent of Nigerians are literate.