Mr Peter Obi, the former Governor of Anambra State, has accused the President Muhammadu Buhari’s regime of corrupt leadership with wrong physical and monetary policies that do not support economic growth.
Mr Obi spoke when Freshminds Communications Limited, Nnewi in conjunction with Lion Business Park, Enugu presented Anaedoonline 3rd anniversary lectures at Innoson’s plaza.
The anniversary with the theme: South East Nigeria: An Untapped Investment Hub of the next decade attracted many resource persons from the banking, film industry, commerce and other areas of human endeavor.
Mr Obi while speaking on the nation’s economy and leadership said that the country had a corrupt system that had not allowed for right physical and monetary policies to boost small and medium scale enterprises for economic growth.
“We have a corrupt system and the first thing corruption does is to kill enterprenuership. Nobody appreciates enterprenuership in a corrupt country. Small and Medium Scale Enterprises (SMSEs) are frustrated. People are making money without being productive. Enterprenuership and hardwork are killed. That’s what is happening in Nigeria.
“I use Nnewi as an example. Today, government has not come up with a policy that can support Innoson Group of Companies in his vehicle manufacturing business. Government should support people like Innoson, if the economy has to be boosted. Why shouldn’t they do that? They look at a different direction. I have been in several countries including Bangladesh, Indonesia, India and I saw the way they support the private sector and local manufacturers, ” Mr Obi said.
