Kingsley Moghalu has Identified three reasons 100 million Nigerians are living in poverty.
Newsonline reports that a former presidential aspirant of the African Democratic Congress, Kingsley Moghalu has identified three reasons 100 million Nigerians live in poverty.
Migalu, who shared this on his Twitter page said most Nigerians live in poverty due to fraud, corruption and sheer criminality.
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According to him, the biggest sources of those crimes which lie in the petroleum industry and the forex market are managed by government institutions.
“Fraud, corruption and sheer criminality is the biggest reason why 100 million Nigerians live in poverty.
“The biggest sources of these crimes lie in the petroleum industry and the forex market, both managed by government institutions,” he wrote.
Kingsley Moghalu, a former African Democratic Party, ADC, presidential aspirant, resigned from the party after he failed to clinch the presidential ticket in the party’s 2023 presidential primaries.
The former Deputy Governor of Centeal Bank, cited fundamental clash of values with ADC leaders as a reason for leaving the party in a letter posted on his official Twitter account at the time he resigned.
Recall Moghalu lost in the primaries to Dumebi Kachikwu, on June 8.
Kachikwu garnered 977 votes in the primary election of the party that was held in Abeokuta, Ogun State.
Mogalu, who was the presidential candidate of Young Progressives Party (YPP) in the 2019 elections, only poll 589 votes.
