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Onanuga in a statement on Friday said Obi and his moronic followers didn’t evaluate and understand their own campaign mantra before running around with it.
According to the All Progressives Congress (APC) chieftain, the promise by Obi through his campaign mantra to shift Nigeria from an economy of consumption to that of production is hollow and fatal.
He argued that no economy can run solely on production as a vibrant economy will ride on the twin horses of consumption and production, therefore what Obi is projecting is contradictory.
Naija News reports Onanuga made the submission in a statement titled ‘No Peter Obi, You Cannot Shift Emphasis From Consumption To Production.’
He said: “One of the mantras often mouthed by Mr. Peter Obi, the Presidential candidate of the Labour Party, is the promise to “shift emphasis from consumption to production”. In his manifesto, he says he will do this by running a production-centered economy that is driven by an agrarian revolution and export-oriented industrialisation.
“I doubt if Peter Obi and his moronic followers have ever for one second reflected on this mantra as it is self-contradictory and meaningless.
“A vibrant economy will ride on the twin horses of consumption and production. It cannot do without one, for it is basic economics 101 to know that production happens in expectation of consumption.
“Both concepts are natural corollaries, consumption following production.
“What I guess Obi means is that he will shift emphasis from ‘import dependency’ to local production of goods.
“One of the drawbacks of our economy for decades has been the unbridled appetite of Nigerians for foreign goods, leading to the clogging of our ports with containers.”
Speaking further, Onanuga said Obi is involved in the business of importing things cheaply from other countries and selling them in Nigeria which in turn is having a negative effect on the country’s economy.
He, therefore, said the mantra of changing Nigeria to a production-based economy is full of deception.
In his words, “This has been the business of Peter Obi himself for decades, importing and warehousing cheap items, including toothpick for the local market and for his NEXT malls.
“He made fortunes and billions out of this business, which only portrays him as a saboteur of the efforts to diversify the national economy and create more local jobs.
“Are Obi and his fellow merchants not aware that when they import items for sale, they are not helping Nigeria, but only helping to create more jobs in the country where they import from?
“Nigerians should not be fooled by this demagogue called Peter Obi. His promise sounds flowery, but it is fatal and hollow.”
This article was originally published on Naija News
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