I don’t blame young people for leaving Nigeria – there is economic frustration

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Kingsley Moghalu, former deputy governor of the Central Bank of Nigeria (CBN), says economic frustration and misery are among the factors pushing young people out of Nigeria.

Moghalu has said he will run for president in 2023 to build a country they can return to.

The technocrat-turned-politician recently joined the African Democratic Congress (ADC) to pursue his presidential ambition.

Speaking on a Channels Television broadcast on Sunday, he said that although his children are based overseas, they look forward to returning to Nigeria.

He said: “My family has always been international because of my career and my children all want to return to Nigeria.

“That’s why they encourage me in my political career because they think if I can win I can lead the creation of a Nigeria they can come back to.

“Look at the young people in this country, everyone wants to leave, to leave the country because there is so much misery, so much economic frustration.

“And I don’t blame them for leaving. My heart goes out to these young people. I want to lead the creation of a new Nigeria that they can return to.

Moghalu said he could have joined the All Progressives Congress (APC) or the Peoples Democratic Party (PDP) in 2019, but found that neither party can help him realize his vision of Nigeria.

He said: “I do not believe that the Nigerian political ruling class is sincere or capable of changing this country for the better.

“In 2019, I had the opportunity to join the PDP or the APC but I advised myself to present my vision to Nigerians and take a long-term approach to my political career.

“Because I didn’t feel satisfied being part of the system that feeds the Commonwealth of Nigerians. If I join APC or PDP today, I will take care of myself.

“The vision that I have for the people, I don’t think these parties are able to accommodate it, I don’t think they are able to execute it.

“We must therefore build an alternative for them and educate voters towards this alternative. “

The former vice-governor of the CBN also advised against ethnic divisions, adding that he was keen to help foster unity in the country.

He added: “This is one of the reasons I am in politics, looking for the presidency. I would love to have the opportunity to unify our country and show all of us that we can be greater than the sum of our past, that the diversity of this country can be managed to be successful.

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